A Potential Long Availability for CADJPY.
IDEA: Bullish engulfing formed on weekly chart
Hammer formed after extensive bear run on daily chart
Bullish engulfing follows hammer on daily chart
Confirmation: Bullish engulfing after hammer
Targets 1 @ 82.51
2 @ 84.365
Stop Loss @ 79.6
This position looks too ambitious, how anything is possible... Lets roll and apply proper risk management and enjoy if the market proves us wrong, we get out of the position...