CADJPY Trade Update

Shorting Cadjpy at resistance.. by LearningFX on

As you can see above, the trade idea went pretty well. It took a while for this trade to work around to our target area but it got there pretty smoothly. Took profit near support area where it rebounded pretty hard. Stops were moved to break-even which hit later, this trade resulted in +36 pips, which is a nice profit. Though the pair seems to have gone back to the sell area, I am going to move on to another trade.

Learning FX

The idea is to basically help out others trade and understand the foreign exchange market with more ease. My articles and trade ideas are based on my experience and are for educational purposes only. You can follow our updates on twitter

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