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justinholtgrave
Sep 26, 2021 9:28 PM
CADJPY - 4H Long In Trend Engulfing Setup
Long
FOREXCOM:CADJPY
240
Canadian Dollar / Japanese Yen
FOREX.com
Description
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Sep 26, 2021 9:28 PM
CADJPY formed a bullish engulfing that engulfed 5 candles on the 4 hour time frame.
This engulfing candle closed at 12pm noon (CST) on Friday.
SL set below engulfing candle low. TP set at 2R for safe entry, 3R for 50% entry.
Trade closed: target reached
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Oct 6, 2021 2:55 PM
Safe entry and 50% entry hit TP perfectly.
Candlestick Analysis
CAD
jpy
CADJPY
LONG
Engulfing Candle
4h
h4
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