Add Canadian dollars to buy! CAD/JPY long position ~Position Talk~

I added a position in Canadian dollars.

I organized the positions I currently hold!

◎ Open Positions

・ Short position on EUR/GBP

Entry 0.8760

Stop 0.8760

Take-profit target 0.8620 or below

・ Long position on CAD/JPY

Entry 81.80

Add 1 83.00

Add 2 83.50

Add 3 84.00

Stop 82.00

Take-profit target 87.00

◎ Additional CAD Entry

84.00 yen which was touched twice on the hourly chart. Since it breached this level, I am entering an additional position at “84.00”!

CAD/JPY Hourly Chart

 CAD/JPY Daily Chart

“Three reasons to buy the Canadian dollar” ~ CAD buying strategy ~

WTI crude oil price Daily Chart

Oil prices are rising as well!

That’s a tailwind for the Canadian dollar!

◎ EUR/GBP

I am considering whether to add to the EUR/GBP short position.

Image 1) Breaks lower with new four-hour low → add position at “0.8600”

Image 2) Rebounds near the four-hour low, range-bound market continues → close at “0.8620”

For now, I’m leaning toward Image 2. I will revisit after reviewing the ECB meeting minutes this week.

EUR/GBP Hourly Chart

 EUR/GBP Four-hour Chart

Euro selling! Once again a disappointing outcome for EUR/GBP — February 13 Euro selling strategy —