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melvinljw

Long CADJPY, Monetary Divergence - Inverse H&S breakout

Long
Canadian Dollar / Japanese Yen (FX_IDC:CADJPY)  
melvinljw Updated   
FX_IDC:CADJPY   Canadian Dollar / Japanese Yen
Chart Patterns cadjpylong Inverse Head and Shoulders monetarypolicy
5
0
chartpattern cadjpylong inverseheadandshoulders monetarypolicy
Classic Inverse H&S break for CADJPY.

Monetary Divergence in play with BOC turning hawkish and BOJ standing pat as extremely dovish.

Price action suggest a staggering 1300pip upside of this pair.

Long : 88.6

SL : 87.3

TP 1 : 93.2 ( 38.2% expansion )

TP 2 : Open
Comment:
Trade closed at 88.8
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