CADJPY BUY OPPORTUNITY

24 giu 2020

8 ema recently crossed the 21 ema. There is a lot of support in the area so I see a push to the upside, plus there is MACD divergence where the MACD made a higher low and the price made a lower low - looking for price to pullback to the support area or the 21 EMA

entry around 78.60
stop loss 25 pips - 78.35
TP1 - 20 pips - 78.80
TP2 - 30 PIPS - 78.90
TP3 - 40 PIPS - 79.00

24 giu 2020

Nota

Price came back to area i wanted - dropped real hard though to it, and tried to bounce up, i did not execute the order though due to late in the day and then when the 8 crossed back under the 21 ema, even if i did take the order when the 8 crosses back under the 21 it failed - so it would have only been a 4-6 pip loss, but the screen i have on the position is 20 pips on accident so it looks like it hit stop loss, but i mentioned 25 pip stop loss which it did not hit yet if you took it and still in it.