CADJPY: Descending Channel
On H4 timeframe we can see that the price has bounced of a strong support levels and also came back inside of long-term Descending Channel (bullish) Pattern, which suggest that the price is ready to move (much) higher.
Furthermore, the price broke downtremd line, that is clearly seen on H1 timeframe, which also confirms the bullish move with this pair.
Furthermore, the price broke downtremd line, that is clearly seen on H1 timeframe, which also confirms the bullish move with this pair.
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.