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Monday, March 29, 2021

CADJPY: GBPJPY twin brother!!!

CADJPY: GBPJPY twin brother!!!

CAD/JPY OANDA:CADJPY

Hello pip hunters, today I'm sharing my view on CADJPY with you, enjoy!!!

Reward:212 pipsπŸ€‘
Risk:27 pips❌
Risk/Reward Ratio:7.66✅

Chart Breakdown:

  • Daily: We have a nice uptrend in place on the daily chart and so far there's no trendline setups.
  • 4 Hour:The only information given to me by price action is an uptrend indicated by successive higher highs and higher lows.
  • 1 Hour:Price formed a bullish harami on the support level (15min entry) giving us a reason to enter buys in anticipation of price breaking the downward trendline. Price is also in an uptrend meaning that we are trading with the trend and the odds of this trade succeeding are high.

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DR .Swing_Forex

from Trading Ideas https://ift.tt/39nCDeo
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