CADJPY Long - 10 Feb 2017 (only posted on 11 Feb 2017)
Background:
- Bullish marobozu off horizontal support and round number @ 85.0
- Slight bullish divergence
Entry:
- Buy stop set at 20 pips above signal candle high @ 86.46
(Set up triggered when posting)
SL:
- 38.2% fib level of the signal candle @ 85.4
PT:
- Set at previous high @ 88.45 (Possible earlier exit at 87.8 region - previous swing high)
- Bullish marobozu off horizontal support and round number @ 85.0
- Slight bullish divergence
Entry:
- Buy stop set at 20 pips above signal candle high @ 86.46
(Set up triggered when posting)
SL:
- 38.2% fib level of the signal candle @ 85.4
PT:
- Set at previous high @ 88.45 (Possible earlier exit at 87.8 region - previous swing high)
Transaction en cours:
Updates - 18 Feb 2017:
- The trade started off nicely but reversed during mid week and now hovering above the 50MA support
- Will hold on to this trade until price action indicates that the 50MA support has been breached.
- The trade started off nicely but reversed during mid week and now hovering above the 50MA support
- Will hold on to this trade until price action indicates that the 50MA support has been breached.
Transaction en cours:
Updates - 25 Feb 2017:
- Price is currently nearing my SL, don't think this will end well.
- Looking back at this, i may have set the wrong PT point. I should set it at 87.50 as the price is forming a descending triangle
- Price is currently nearing my SL, don't think this will end well.
- Looking back at this, i may have set the wrong PT point. I should set it at 87.50 as the price is forming a descending triangle