IDEA: Bullish engulfing formed on weekly chart Hammer formed after extensive bear run on daily chart Bullish engulfing follows hammer on daily chart
Confirmation: Bullish engulfing after hammer
Targets 1 @ 82.51 2 @ 84.365
Stop Loss @ 79.6
This position looks too ambitious, how anything is possible... Lets roll and apply proper risk management and enjoy if the market proves us wrong, we get out of the position...
İşlem elle kapatılmış
we close our buy order for 120 pips and wait for tomorrows BOC rate decision. BOC is widely expected to leave rates unchange @ 1.75% followed by a new MPR that could provide some additional background to the central banks outlook... so we think is more prudent and safe to get out of the CADJPY long position and wait for the outcome tomorrow
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