CADJPY - E: 86.419 SL: 85.620 TP : 88.240 1.54%r 2,3R

ที่อัปเดต:
This trade is still off the BOC decision and tapering. This is a follow on from previous long CADJPY trade that I got out on break even earlier.

Entry was roughly middle of 68.2% fib of jump on BOC decision.
Entry not too bad, but significant support turned resistance at 86.65/70.

Last 2 days sell off over Asian and London Session, then North American trade comes on and CAD buying resumed.



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สแนปชอต
บันทึก
Adding to my Swing Trading analysis with the above 4 screen same timeframe chart.
Above example all are Daily.

Chart 1 = Mixed
Bullish - 4 MAs 200,100, 50, 20.
Bearish = Squeeze Momentum based on John Carter's TTM Squeeze.

Chart 2 = Bearish
Bearish - Monthly Pivot price below all week, also under weekly pivot.
Bearish - John Carters Scalper Strategy

Chart 3 - Bullish
Rising Dily trendline, 4 days.
Downward Channel staying above halfway point.

Chart 4 - Mixed
Dropped to 38.2% fib retracement, bullish would be support at 50% holding.
Mixed because it hasn't retested low as yet,

Need break above 86.80 to get out of range and push higher.
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สแนปชอต
Bullish - 4 MAs 200,100, 50, 20, found support at 86.0 and off 50 Day MA.
Bearish = Squeeze Momentum red but slowing.
SL - Move up to protect, at least below 86 as a minimum.
บันทึก
Also daily close above 20 Day EMA.
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สแนปชอต

Chart 2 = Bearish
Bullish - Strong close over the Monthly Pivot.
Bullish - John Carters Scalper Strategy - Moved to Long.
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สแนปชอต
Chart 3 - Bullish
Strong Breakout upside from Channel.
Initial EMA Cross or 8/21.
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สแนปชอต
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161.8% around 87.60 is probably first target now.
I only have small position and there is almost nothing showing that I should sell at the moment.
บันทึก
So want to give it some room, so will move stop only upto 85.78, a small move, but risk is reduced and lots of room. FOMC Meeting due tommorow, may impact this trade, review again tomorrow before FOMC.

SL now at 85.78
บันทึก
Broke above 161.8% fib overnight and holding above it in early Asian trade.
บันทึก
Moved SL up to 86.95, locking in approx 1% profit.
Stop below 21 EMA in both 4 hourly and Daily.
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CAD Retail Sales in a few minutes.
Market seems to be pricing in positive news, as pair right at highs for the week.
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สแนปชอต
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Retail Sales came in even stronger than estimates.
Core Retail Saes (MoM) (Feb) 4.8% vs 3.7%
Retail Sales (M0M) (Feb) 4.8% vs 4.0%

Should support CAD.
forexlive.com/news/!/canada-february-retail-sales-vs-40-expected-20210428

Looking for break above 88.00, might actually expect sell off, as retail sales could have been priced in.
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Really nice trade, with minimal drawdown.
Pushed to top by retail sales and oil price I suspect.

Profit 3.4%.
บันทึก
Hit highs of 88.70, another 50 pips above my TP.
Don't lament missed profit, trade as a good trade idea and I executed as planned.
Trend Analysis

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