In this review, I made an analysis on CAD/JPY in my analysis there. Where in the starting of this week, I was shorting CAD/JPY from $108.62 JPY and my I had my target fix to $106.96 JPY. What during first trade on Wednesday, October 26, 2022,
And regarding that CAD/JPY was in the formation of this bearish BAT Harmonic Pattern in formation, my expectative was very clear and brilliant in this par.
And also my technical analysis was driven by fundamental analysis what on Thursday Bank of Canada was less aggressive to hike interest rates, what the central bank expected to raise 4.00%, but just made 50 bps in instead of 75 bps, That why the central bank look very optimistic and fight the inflation, this it's a warn that Canada economy could entry in recession in the next curb it. What that explain this sell in the CAD.
Also, as I was from $108.62 JPY. So, when I said that Canada currency could to up from this lowe point on $107.89 JPY, it's when I closed up my short position and got 73 pips earned, what in profit it's 4.94% earned in the first trade.
So, then, I entry in the second trade when I believe that Canada currency could to continue drop, but not, as continue up in this lower point from $107.89 JPY, and reached my Stop Loss lossing only 42 pips, that it's equal 2.84% loss.
So, the small difference was an earning of 2.10% in profit in CAD.JPY. If I would haven't to entry in the 2nd trade, so I would got my 4.94% in earnings, or putting in long, I would got more profits when I had that in mind if CAD/JPY may to up. The small mistake it's here in my 2nd trade when I believe that CAD will down more got me a 2nd opportunity, when I see that up in the opposite direction. And as learning process, when we see a strong bullish formation in this pivot in $107.89 JPY, it's an opportunity to put in long position like this case, or simply closed up my trade and don't entry in it yet.
So, I will calculate my following trades that I traded in the past week in Forex, together with cryptocurrencies as now. I will combine this work with Forex. So, I made this week 7.67% in profit in Ethereum (Review in the link), CAD/JPY was 2.10% in this week and CAD/CHF was 1.16% loss (incoming review)
So I made during this week 8.61% in profit. The best trades was Ethereum in this week.
So guys, I have left to analyze CAD/CHF and USD/CAD and then, to know my monthly percentage what I did in this month.
I will share you my 3 trades that it's in run: Bitcoin, CAD/CHF and AUD/JPY.
And regarding that CAD/JPY was in the formation of this bearish BAT Harmonic Pattern in formation, my expectative was very clear and brilliant in this par.
And also my technical analysis was driven by fundamental analysis what on Thursday Bank of Canada was less aggressive to hike interest rates, what the central bank expected to raise 4.00%, but just made 50 bps in instead of 75 bps, That why the central bank look very optimistic and fight the inflation, this it's a warn that Canada economy could entry in recession in the next curb it. What that explain this sell in the CAD.
Also, as I was from $108.62 JPY. So, when I said that Canada currency could to up from this lowe point on $107.89 JPY, it's when I closed up my short position and got 73 pips earned, what in profit it's 4.94% earned in the first trade.
So, then, I entry in the second trade when I believe that Canada currency could to continue drop, but not, as continue up in this lower point from $107.89 JPY, and reached my Stop Loss lossing only 42 pips, that it's equal 2.84% loss.
So, the small difference was an earning of 2.10% in profit in CAD.JPY. If I would haven't to entry in the 2nd trade, so I would got my 4.94% in earnings, or putting in long, I would got more profits when I had that in mind if CAD/JPY may to up. The small mistake it's here in my 2nd trade when I believe that CAD will down more got me a 2nd opportunity, when I see that up in the opposite direction. And as learning process, when we see a strong bullish formation in this pivot in $107.89 JPY, it's an opportunity to put in long position like this case, or simply closed up my trade and don't entry in it yet.
So, I will calculate my following trades that I traded in the past week in Forex, together with cryptocurrencies as now. I will combine this work with Forex. So, I made this week 7.67% in profit in Ethereum (Review in the link), CAD/JPY was 2.10% in this week and CAD/CHF was 1.16% loss (incoming review)
So I made during this week 8.61% in profit. The best trades was Ethereum in this week.
So guys, I have left to analyze CAD/CHF and USD/CAD and then, to know my monthly percentage what I did in this month.
I will share you my 3 trades that it's in run: Bitcoin, CAD/CHF and AUD/JPY.
