The Forex Mechanics are going long on CADjpy this morning. In fact this pair will go long for the rest of the week. All we need to do is to look for strategic point of entry. So the we will not be on the losing side at all.. We will place a Buy Stop at 96.98 and Take Profit at 96.55. That is about 96 pips . Our culture is locking profit at 20 pips for the day and allowing others to run.
I must however warn that Canada pairs move very slowly.
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