CADJPY PRICE ACTION: Stranded Bullish Engulfing Trade Setup

 Just like with the EURAUD on the 23rd September, CADJPY has given off a counter Trend Trade Setup after a new (emerging) trend is confirmed. The trade room had gone short as seen above based on the bears confirming candle formation before we had this Bullish Engulfing bar, therefore, the new  Trade Setup would be ignored unless a counter bear rejection Trade formation is spotted on the 4 hours time frame. Expectations are for price to aim towards 93.00 Psychological resistance however 50% of open positions would be closed as price drops 50% towards projected TP.

Take advantage of my promotional 50% price Slash to enroll for my Price Action Course or a Subscription to my Trade Room or Mentor Programme  to experience the simplicity of trading Price Action with me.