Chart - CAD/JPY
TF - Daily
Likely duration of trade 3 days - 4 weeks
1.Trend in play ? Yes phase 1 of new bull trend
2. Entry - Engulfing on the daily with pull back prior
3.SL - 8302 Below prior swing high
4. TP - 8552 Monthly pivot R1 level
5.RR Around 2.0
6. Support factors - Prior attempt to reverse failed so this new phase 1 bull has more merit
7. Rating 6.5/10 As always phase 1 new trend are to be traded with more caution
Dream pips