Ichimoku Setup CADJPY Currency : 3-25-10

The last trade, we got stopped out of.   Hopefully, you did not give up and setup another entry.   Due to website issues, we weren’t able to blog the re-entry of the trade.   If not, we will setup another trade off the 240 timeframe on the next break out.  Please see chart below.   We are setting up long term positions for the CADJPY.   Typically, this trade lasts until June and targeting the price to be above 95+ by that time.
 

For EDUCATIONAL USE. Commodity Futures Trading Comission, 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