Trade Update: CADJPY Short Position
Yesterday, I opened this short position on CADJPY based on a clear resistance level at 108.151. After a strong rejection, price moved down in line with my expectations.
Today, I’ve secured some profits and moved the trade to risk-free at a 2:1 risk-to-reward ratio. My stop loss has been adjusted to breakeven, and I’m monitoring for further downside continuation.
Key Notes:
Entry: Resistance rejection at 108.151
Stop Loss: Breakeven (Risk-free trade)
Target: Still open for further potential downside.
Today, I’ve secured some profits and moved the trade to risk-free at a 2:1 risk-to-reward ratio. My stop loss has been adjusted to breakeven, and I’m monitoring for further downside continuation.
Key Notes:
Entry: Resistance rejection at 108.151
Stop Loss: Breakeven (Risk-free trade)
Target: Still open for further potential downside.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.