CAD / JPY is in a supported market. Price has been making higher highs and higher lows since the beginning of June 2012.
Price has today broken back above the averages after a small pullback.
Chart below.
I am looking for a long entry on a pull back to the averages.
The pull back has not begun just yet but my provisional levels are detailed below.
Levels and chart below:
1st Entry: 80.30
2nd Entry: 80.15
Averaged Entry: 80.225
Stop Loss: 79.80
Target: 82.325 (5%)
I will update again if and when the trade is triggered.
Regards
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