📊 Trade Opportunity on CAD/JPY 📊
🛑 Shorting Opportunity: Watch for RSI divergence. If the next 49-minute candle closes below a key level, consider a short position.
🔍 Pip Value Calculation: For CAD/JPY, each pip is worth $6.19 per standard contract.
💡 Risk Management:
Capital: $5000
Stop Loss: 20 pips above the current price (set at 1.1873)
Risk: Calculate your potential exposure using the pip value and your capital.
Stay cautious and calculate your risk before entering the trade!
Follow my only account @RaynLim for more insights. #ForexTrading #TradeOpportunities #CADJPY #RiskManagement #ForexTips #RaynLim
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