Wavelet shrinkage is a standard technique for image denoising. Using the good directionality and shift invariance properties of dual tree complex wavelet transform, a new algorithm for image denoisinig is proposed. In this algorithm, the decomposed coefficients combined with the bivariate shrinkage model for the estimation of coefficients in high frequency sub bands and Bayesian shrinkage method is applied in order to remove the noise in highest frequency subband coefficients. The experimental results are compared with the existing shrinkage methods Visu and Bayes shrinkage methods in terms of peak signal-to-noise ratio (PSNR) and structural similarity index (SSIM).