Hello Trader,
Today Cadjpy news coming soon and I hope you are waiting my analysis chart patterns and today my Performance 97© Sure Call 🤙
Based on the chart, CAD/JPY is in an uptrend after a breakout, with a projected bullish move towards the 104.800 - 105.000 resistance zone.
Trading Plan:
Buy Entry: Around 103.900 - 104.000 (after confirmation of the breakout retest).
Take Profit (TP): 104.800 - 105.000 (resistance area).
Stop Loss (SL): Below 103.500 (to protect against a false breakout).
Key Notes:
The breakout from the ascending channel suggests bullish momentum.
A stop-loss is necessary to avoid a potential reversal.
Monitor price action around 104.500 for any resistance reactions.
Would you like a deeper technical analysis or additional indicators for confirmation?
Today Cadjpy news coming soon and I hope you are waiting my analysis chart patterns and today my Performance 97© Sure Call 🤙
Based on the chart, CAD/JPY is in an uptrend after a breakout, with a projected bullish move towards the 104.800 - 105.000 resistance zone.
Trading Plan:
Buy Entry: Around 103.900 - 104.000 (after confirmation of the breakout retest).
Take Profit (TP): 104.800 - 105.000 (resistance area).
Stop Loss (SL): Below 103.500 (to protect against a false breakout).
Key Notes:
The breakout from the ascending channel suggests bullish momentum.
A stop-loss is necessary to avoid a potential reversal.
Monitor price action around 104.500 for any resistance reactions.
Would you like a deeper technical analysis or additional indicators for confirmation?
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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.