I want you to refer to the article the Forex Mechanics posted on the 21/10/2014. We analyzed the CADjpy Chart. Now let us bring the chart for you to see how far the Price Action has followed our analysis.
We analyzed that the price will get to 96.054. And the price has broken that price level. If it pulls back and continue after the Breakout. Then the next T.P will be 97.505. That is about 116 pips. So now we will place a Buy Stop at 96.526 and make the T.P 97.505.
Just set and Forget this trade. That is the advice of the Forex Mechanics . And that is what we are doing.
Remember nothing is cast in in stone . And we have not recommended it for you. This is just for the purpose of education.

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