[TW] 2012-07-23 CAD/JPY Long monstapips

CAD/JPY 4 hour

Long or Short: Long

Entry Point: Long at 77.50

Stop Loss: 77.10

Profit Target/s: 78.10

Reward-to-risk Ratio: 1.5 to 1

Risk percentage: 1%

Trade rationale: I just think the pair will continue to range. Its summer right now, so we don’t really see as many strong moves.

Trade adjustments: None