Amazing Risk Reward CADJPY Buy Setup

From Vladimir Ribakov
March 20, 2017 - 10:58am
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: CADJPY Daily Chart: 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 The post Amazing Risk Reward CADJPY Buy Setup appeared first on Vladimir Ribakov.

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