Mrdell

[FOREX] [CADJPY] GREAT BUY SIGNAL?

Long
Mrdell Updated   
OANDA:CADJPY   Canadian Dollar / Japanese Yen
It is easy to see a big reversed bull bar of last week in W1 chart. It is in the right context where the buyer on W1 seems to be stronger than the seller in the last 2 legs. Thus a buy setup here is great signal and you can wait for the pullback to have better risk/reward.
Comment:
Entry at any time.
Comment:
Keep the position until 84.5
Comment:
Still keep this buy order. It is setup on W1, so will take sometime to reach the target.
Trade closed manually
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.