Looking at the 30 min chart, CAD/JPY has been trading in an ascending channel inside a bigger ascending. We've been waiting for the break to try to catch a risk-free trade where our Stop loss will be just right above, and our first target will be 60 pips away at the bottom of the first channel (84.91) and our second target at (84.404) which is the bottom of the bigger channel.
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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.