CADJPY - Potential pullback for long !!!

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The following confluences have been observed and satisfied with the direction of market. Our plan is to bid at better price and hoping the market pick up our bid and move further with trend.
The bidding plan should come with expiry date. Once expiry date hit, the order plan is no longer valid.


H4 (T.Cont.PB.Under.Major.Correction.Align.EMA)
1. (H4)(Y)(MUST) Strong engulfing candle with very small wick broke the minor white line
2. (H4)(Y)(MUST)(Stochastics 14,3,3) Candle stick pattern reaction from crossover below 40
3. (H4)(Y)(MUST)(Stochastics 14,3,3) Two candles after reaction candle does not cross above 60
4. (H4)(Y) Candle stick pattern reaction from Fibo 61.8 confluence
5. (H4)(Y) Candle stick pattern reaction from EMA200/100/55/21 confluence
6. (H4)(Y) Candle stick pattern reaction from S/R confluence
7. (H4)(Y) Candle stick pattern reaction from Imaginary trendline confluence


H4
CADJPY BUY @ 82.128
SL 81.964 (16.4)
TP 82.660 (53.2)
EXP 2021.02.11 06:05 UTC+2




Note! Any trades you decide to take are your own. The trades shared here are for educational/informational purposes only and are Mulchen's personal trades.


Good luck!
~Mulchen, CISSP