Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
There is a great opportunity on CADJPY, price is again reached the hourly trendline and also formed a a bullish bat pattern:
Stop loss would be at 82.20 as it is another assumption if price going to reach the outer trendline.
First profit target is at 83.40 which is the B point of Bat pattern and second profit target would be at 83.99.
If a candle closed above the hourly 20sma that would be another confirmation to go long and you can add to your long positions there.
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