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CADJPY Potential Bullish Shark Formation And Long Opportunity

We have a potential Bullish Shark formation on the H4 Chart.

Before the Shark formation, a bullish bat formation on the smaller chart timeframe.

The pair will complete the bullish abt -0.66% at 86.20 and it is likely to test the broken trend line .

Our Trade Opportunities:

Short Trade Based on Trendline Breakout  /
Trade Period : Midterm
Entry: 86.40
Stop: 86.60
Target 85.90 /

Long Trade Based on Potential Shark :
Trade Period: Intraday
Entry: 85.80 – 85.90
Stop: 85.60
Target 1: 86.20
Target 2: 8640

Traders who want to try long based on Bullish Bat  / Update: Trade Setup worked as predicted. / Target Reached and Short Trade executed
Trade Period: Intraday
Trade: Long
Entry: 86.20
Target : 86.40 / Target Reached 

You can follow the setup: CADJPY Bullish Shark

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

CADJPY Bullish Shark: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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