CADJPY: profit from the 2015 line
Let's consider a long-term forecast on a weekly chart. The price is following a global trend between the historically strong support level of 74.92 and the resistance line formed in 2015. After each touching the line, the price collapsed and touched the level sooner or later. Now it stands close to the 88.54 line. we can expect the price to touch it and fall in one of the nearest targets - the support line 84.65.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.