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haroonsiddiki

CAD-JPY| LONG SETUP|POSSIBLE REVERSAL|FALLING WEDGE|ONE HOUR

Long
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
haroonsiddiki Updated   
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Wedge tradingideas Forex forexsignals forextrading reversalpattern Falling Wedge
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wedgepattern tradingideas forex forexsignals forextrading reversalpattern fallingwedge
CAD-JPY is moving in a bearish direction. It appears that there is a formation of Falling Wedge Reversal Pattern as well as presence of the Divergence. In this case, this Forex instrument can take a possible reversal from its current price position. Therefore, a long trade setup is suggested in this chart in case of breakout from the ENTRY POINT mentioned in the chart. Risk must be taken up to 2% of the total portfolio.
Comment:
Projected Price Reached...You can book your partial Profit If you like
Trade closed: target reached:
TP1 hit...Move your top loss to TP1 or Entry point
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