CADJPY long trade on 13/7/22
Pre-Analysis:-
- Correlation wise CAD stronger than JPY. On fundamental sentiment CAD is strong. Just aware on CAD interest rate release at 10:00pm
Post Analysis:-
- Trade closed with profit of approx. 1R
- Due to CAD interest rate release the price on CADJPY a little bit volatile, but I hold on to the trade put faith on my analysis.
- Decision to close the rate based on price at that time forming a range, I thought it has possibility to break lower as ranges have tendency to make a break either up or down.
Update:-
- Trade went up higher after a little pullback but I'm already out.
- There was another pair to trade on this day, USDJPY long trade.
