CADJPY Ichimoku 240m Chart: Currency Trade Update

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CADJPY has moved up nicely.   We are trading this currency pair to move into a long term trade by “graduating” it to the daily timeframe.  Right now, we are trading it on the 240 minute.   After 150 pip profit, we will move everything to the daily chart.    The stop is going to be the Kijun Sen minus a buffer.   You can see my current stop on the chart below.  If you are conservative and NOT looking to move it to the daily timeframe, your buffer will be a lot less than what I have at this time.   

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