Currency/Ichimoku: CADJPY – Trade Entered

I entry was triggered yesterday.  Price is slowly proving to our R3 value. We will not be getting out of the trade at that point. We have set an alert and watch the charts to see what happens at this value. As of now, the Kijun Sen(green) looks very healthy and is continuing to move upwards, telling us our bullish trend is VERY strong.
Remember, our GOAL is to get to a “free trade” so we don’t have to watch the Fib values. The only reason we are watching the Fib value is that this currency pair is at it’s all time high so there is no history.
cadjpy_6_1_07__daily2.png
For EDUCATIONAL USE.    Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .

About the Author Manesh Patel