CADJPY, 4hr timeframe, bullish divergence with flag pattern
Hello my friends,
Today I saw some good setup on CADJPY. This pair currently in bullish trend after it broken through 80.00 psychological resistance and goes to 80.90 level, it finally exhaust and then come down for a breather.
In my opinion, price made a bullish flag pattern during it downwards movement. Price then finally broken above the resistance and currently retesting it as a support.
I think we could see some more upwards movement from this pair as there is also bullish divergence on stochastic.
Buy CADJPY 80.20
Stop loss 79.80
Take profit 1 @80.60
Take profit 2 @81.00
Take profit 3 @81.40
Use proper risk management
Only risk 1-2% of your equity
Disclaimer: I've been buying CADJPY since 80.20
Good Luck
Today I saw some good setup on CADJPY. This pair currently in bullish trend after it broken through 80.00 psychological resistance and goes to 80.90 level, it finally exhaust and then come down for a breather.
In my opinion, price made a bullish flag pattern during it downwards movement. Price then finally broken above the resistance and currently retesting it as a support.
I think we could see some more upwards movement from this pair as there is also bullish divergence on stochastic.
Buy CADJPY 80.20
Stop loss 79.80
Take profit 1 @80.60
Take profit 2 @81.00
Take profit 3 @81.40
Use proper risk management
Only risk 1-2% of your equity
Disclaimer: I've been buying CADJPY since 80.20
Good Luck
