Update on CADJPY 4HR trade from Sep 11
Hi
Please find a trade update on our 4HR long. Here is the original post:
We have a new long trade on the CADJPY 0.00% 4HR since all 3 the requirements for the confirmation of the trend change has been met.
Entry: 84.82
Profit 1: 85.39
Trailing: 114
We will only close half a position at our first profit target and then adjust the stop.
Sep 12
Comment: We've reached our first profit target at 85.39, Closed half the position and moved stop to entry. This is a risk free trade now. Hopefully we can go a bit further
The market has continued to rise and we will be booking another profit around the 86.40 area. I have also updated the trend lines(channels). Trailing stop for now is still 114 points.
Please find a trade update on our 4HR long. Here is the original post:
We have a new long trade on the CADJPY 0.00% 4HR since all 3 the requirements for the confirmation of the trend change has been met.
Entry: 84.82
Profit 1: 85.39
Trailing: 114
We will only close half a position at our first profit target and then adjust the stop.
Sep 12
Comment: We've reached our first profit target at 85.39, Closed half the position and moved stop to entry. This is a risk free trade now. Hopefully we can go a bit further
The market has continued to rise and we will be booking another profit around the 86.40 area. I have also updated the trend lines(channels). Trailing stop for now is still 114 points.
Nota
The market has moved outside of our trend channel and this means we need to adjust our stop to 85.50. Hopefully the market is just consolidating for a short period before we move higher.Trade chiuso manualmente
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