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dhamirramz

CADJPY LONG

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
dhamirramz Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
CADJPY is set to reverse to 83.400 zone coming off the strong support and the formation of the bullish Cypher pattern. RSI is oversold in both 1 and 4H timeframes and its at the bottom of the Daily timeframe.
This trade looks promising for swing traders with good risk to reward ratio.
Comment:
Our SL was hit and we had to enter again from the 81.8400 price range and keep buying.
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