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saltorick
Nov 25, 2019 11:28 PM

CADJPY Long

Canadian Dollar / Japanese YenFOREX.com

Description

so this pair is giving us a head and shoulders along with a trendline break and a higher high. We've just got a retracement to this support zone which aligns with our 61.8fib.
also notice how this pair touched a lower trendline on the larger timeframes. we might see this badboy go up for a while.

To get a nice entry for this trade we should see a nice uptrend forming on the lower timeframes ( higher high & higher low )
Then buy at a broken level of previous resistance for a solid entry with a very good risk to reward
Comments
rogart82
What is the sl and tp for this sir?
saltorick
@rogart82, hey rogart , this setup is not ready to trade yet.

we need to see some signs that this pair is actually going up.
something like this!

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