Trading recommendation for the CADJPY currency pair

  • Apr 01 2021
  • by
  • Analyst AZA
Trading recommendation for the CADJPY currency pair

Trading recommendation for the CADJPY trading in forex for beginners

The Canadian dollar is in a growing trend and it can be seen with an unaided eye. This is the second wave of growth and now the price is near the newly formed fractal. There is still growth potential ahead to a strong resistance level, so you can buy a currency pair with a high probability of profit in this order. The MACD indicator is still showing growth, so it would be more correct to join the bulls when trading this currency pair.

Symbol: CADJPY
Order Type: Pending Order - Buy Stop
Entry Price: 88.30
Take Profit: 89.20
Pips Earning: 90
Stop Loss: 88.00
Pips Risk: -30

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In this position, the profit can be $ 817.14 with an order volume of 1 standard lot.

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