CADJPY: BREAKOUT OF BROADENING WEDGE, SIGN OF BULLISH BIAS?
Hello Enthusiast Forex Traders! Here's short-term outlook for CADJPY , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
CADJPY is breakng out of the descending broadening wedge pattern. Breaking out of the pattern may indicates a potential bullish bias ahead. The momentum indicator starts crossing up toward the zero level area, it could indicate a stronger momentum going upward in the near future.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.
CADJPY is breakng out of the descending broadening wedge pattern. Breaking out of the pattern may indicates a potential bullish bias ahead. The momentum indicator starts crossing up toward the zero level area, it could indicate a stronger momentum going upward in the near future.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.
Trade closed: target reached
Done Target 1, Good luck on your trade everyone :)
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Disclaimer
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.
Related publications
Disclaimer
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.