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CADJPY - Bullish Reversal

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Haidi_striker  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators CADJPY Forex bullishreversal buystop buy profit reversalpattern Double Bottom Falling Wedge
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trendanalysis chartpattern indicator cadjpy forex bullishreversal buystop buy profit reversalpattern doublebottom fallingwedge
CADJPY was in Bearish run. It seems that It will go Bullish if the trend breaks at 99.835.

 A Divergence can be seen on RSI indicator. Also a double bottom reversal pattern indicates a possible reversal. To make sure, trend needs to break the previous LH and then it will rally towards estimated TPs. Entry can be taken on below mentioned parameters.

IDEA:

Buy Stop Entry : 99.835
Stop Loss : 98.610
TP 1: 101.060
TP 2: 102.268
Risk: 2%
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