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phol

Possible Inverted H&S approaching strong support

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
phol Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Chart Patterns
2
0
chartpattern
Right Shoulder approaching strong support. wait for pullback going Long with 70 pips SL and 220 pips TP... Don't forget to move SL to BE after 30 pips profit.
Trade active:
Traded Long @ 84.607 with an SL 50 pips and TP 200. There are 3 reason for an early entry.. 1st is MACD divergence in 1H, 2nd is price already hit strong support, 3rd is the pin bar in 4H. For conservative trader they must wait for a pullback going up.
Trade closed: target reached
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