CADJPY Day Trade Long
-Consolidation area.
-Shakeout with the format of a reverse head and shoulders pattern.
-Big bullish volumes bringing the price back to the consolidation area.
-Breakout of our consolidation area.
Entry after a strong bull candle or on the breakout of our swing high.
Target on the next zone. (109.179)
Stop Loss below the pullback of the breakout move. (i.e. 108.129)
The former prices give a r/r of 2.15.
-Shakeout with the format of a reverse head and shoulders pattern.
-Big bullish volumes bringing the price back to the consolidation area.
-Breakout of our consolidation area.
Entry after a strong bull candle or on the breakout of our swing high.
Target on the next zone. (109.179)
Stop Loss below the pullback of the breakout move. (i.e. 108.129)
The former prices give a r/r of 2.15.
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