Buy #CADJPY Plan
First Entry was at 88.35
Second Entry is pending order at 88.20
Stop is at 87.88
Target is at 88.88
I have 5 reasons to buy CADJPY for a daytrade.
1. Currency Strength Meter CAD is strong JPY is Week
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bullish Divergence Signal
The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.
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The trading strategy is fully explained in video below