CADJPY long

85
Entry based on the third touch of ascending channel which is bullish and confirms the trend. On this occasion, price made a W double bottom touch at the demand zone. 1hr ADX is bullish. Momentum is bullish. Price made a 5 min bullish engulfing pattern. The 15 min gave a pin bar this area. The price is above the daily and weekly pivots. Market structure is making higher highs and lows. This should be a strong area of support.

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