Amazing Risk Reward CADJPY Buy Setup

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Buy CADJPY After The Short Term Bearish Cycle Completes

Amazing risk reward CADJPY buy setup is forming. We have a bullish convergence on the Weekly chart also on the daily chart we have a similar bullish divergence so now we will be waiting for the correction to happen and will look for buys.

CADJPY Weekly Chart:

Amazing Risk Reward CADJPY Buy Setup

CADJPY Daily Chart:

Amazing Risk Reward CADJPY Buy Setup

On the D1 chart we have a flag/range correction phase at the moment and I am  expecting  a continuation up. Look for a false break of the alternative down trend line and go long. This setup offers an amazing risk reward ratio of 1:10.

Stop Loss: Below the last low to be created.

Target 1 : Risk Reward 1:2

Target 2: 94.00

 

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Amazing Risk Reward CADJPY Buy Setup

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Yours,

Vladimir

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