Instrument:- CADJPY
Position:- Long
Timeframe:- 1 Hour
Method:- Dow Theory + Candlesticks
Reason:-
* Multiple bullish candlesticks (Candlestick analysis)
* Price in Uptrend with Multiple Higher highs and Higher Lows with no break in the uptrend (Dow theory)
Entry @ CMP (105.852)
Take Profit @ 107.995
Stop loss @ 104.926
Risk to Reward :- 2:1
Position:- Long
Timeframe:- 1 Hour
Method:- Dow Theory + Candlesticks
Reason:-
* Multiple bullish candlesticks (Candlestick analysis)
* Price in Uptrend with Multiple Higher highs and Higher Lows with no break in the uptrend (Dow theory)
Entry @ CMP (105.852)
Take Profit @ 107.995
Stop loss @ 104.926
Risk to Reward :- 2:1