CADJPY 4HR TF LONG
CADJPY has been hovering over a support within a huge channel for over 9 days.
I believe price will break further to the upside of the channel because
- price is still slightly retesting within this 'upwards' channel, hence this support is strong for upside movement
- EMA 200 is pressuring the price to break down, yet it has been obeying the support and retesting upwards
- An important key support level.
TP: 92.600
SL: 89.970
7.9RR
I believe price will break further to the upside of the channel because
- price is still slightly retesting within this 'upwards' channel, hence this support is strong for upside movement
- EMA 200 is pressuring the price to break down, yet it has been obeying the support and retesting upwards
- An important key support level.
TP: 92.600
SL: 89.970
7.9RR
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