Rectangle on CAD/JPY @ H4
Diupdate
This short-term rectangle pattern on the 4-hour chart of CAD/JPY offers two potential breakout trading opportunities. The borders of the rectangle are marked with the yellow lines. My potential entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. They are based on the rectangle width - 10% for Entry lines and 100% for the TP lines. The stop-loss can be set to the low/high of the breakout candle (not shown on the chart).
Trade aktif
Long entry triggered at 18:57 UTC yesterday. Open = 106.179, SL = 105.819, TP = 107.512.Trading ditutup: stop tercapai
Trade closed by stop-loss today at 14:04 UTC.
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