Based in this analysis, CADJPY is going to go Long. If the XABCD comes to life, and the trade hits TP2, more than 300 pips we'll be yours.
We can see that a previous uptrend is in place and it was tested many times, but never broken. This time will not be different. The downtrend is meeting the uptrend, with an Oversold in Stochastic and RSI. TP1 and 2 values are marked in the graph.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.