加元 / 日圓
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CADJPY LONG

196
Idea for this week

Bullish engulf seems to me its best used as a reversal as well as confirmation.

When price is in downtrend, in my experience a bullish engulf is usually my sign to get out of a bearish position, or likewise here, enter a bullish position aiming for a reversal.

What do we think?

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