ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor CAD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 103.216, 103.853, 104.625
Key Support Levels: 102.118, 101.670, 101.276
Daily Chart:
The price on the higher time frame has recently been in an uptrend. It bounced back after testing a major support level of 101.670 The pair has continued to break a resistance level ahead which suggests further trend continuation.
CAD/JPY Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It broke a trendline around the support level and has sustained above that. As of now the pair has broken and retested a minor level of 102.118 before continuing the momentum.
Signal Idea:
Buy Limit Order @ 102.357
TP @ 103.188
Stop Loss @ 101.525
Trade Safely 🙂
The trade went till 102.359 which did not hit my entry point and it had gone upto 103.092.
So
My question is should I keep my order open which is set to 102.357 as EP and TP as 103.188