On April 16 2024 I published an article –>Will CADJPY Push Higher? , where I gave a strategy on how to look for buying opportunities.
CADJPY 15 Minute Chart April 17 2024 (Entry)
CADJPY 15 Minute Chart April 2024 (Target Hit/Closed Trade)
Buy trade entered at 111.70 with Stop Loss at 111.54 and on April 18 2024 CADJPY moved higher to the 1:4RR target at 112.34 where I closed the buy trade for a +64 pip move higher and a +4% winning trade. (Risking 1% on every trade)
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup.
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