CADJPY - 4H Long In Trend Engulfing Setup

Updated
CADJPY formed a bullish engulfing that engulfed 5 candles on the 4 hour time frame.
This engulfing candle closed at 12pm noon (CST) on Friday.

SL set below engulfing candle low. TP set at 2R for safe entry, 3R for 50% entry.
Trade closed: target reached
Safe entry and 50% entry hit TP perfectly.
4hCADCADJPYCandlestick AnalysisEngulfing Candleh4jpyLONG

Related publications

Disclaimer