CADJPY 390PIP SHORT!

アップデート済
Hello Traders, today we have ourselves a lovely CADJPY short.

Confluences:
  • Structure level
  • 3rd Trendline touch


With this lovely trade we have ourselves a 9.75 R:R (Risk:Reward) which is a amazing return for the risk.
This short has a larger risk than usual to prevent being stopped out at the next structure level which the price may react from.

Economical Data:
Oil panic within the UK, may lead CAD to increase in value due to higher demand as oil & CAD correlate, this is a factor we must be aware of.

What is Correlation?
If you would like to learn what this is, I have attached an educational post below where you can see the correlation between currencies, metals and oil .

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トレード終了: ストップロスに到達
Stop Loss Hit CAD is to strong breaching resistance due to increasing price in oil as mentioned above. Continuing to look for an entry 👀
CADCADJPYcadjpyshortChart PatternsFundamental AnalysisjpyshortTrend Analysis

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