Trade77; CADJPY Long Opportunity 7am

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.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.

Great Thanks

  Copyright secured by Digiprove © 2010

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news