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CAD/JPY STRUCTURE ANALYSIS|SWING LONG
Canadian Dollar / Japanese Yen
Long
CAD/JPY STRUCTURE ANALYSIS|SWING LONG
By ProSignalsFx
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Jul 22, 2020
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Jul 22, 2020
The current CADJPY breakout is a signal of the bullish strength and I expect bullish continuation.
There is a nice diagonal support that might guard the movement, however, the the surge up might be a quick one too.
TRADING PLAN:
IF daily candle closes above the level>> Long after the pullback.
The pullback is reasonable to expect due to almost overbought RSI.
SL and targets on the chart.
Thank you for reading, like and subscribe and have a nice day!
CAD
CADJPY
cadjpylong
canadiandollar
Chart Patterns
forecast
Technical Indicators
japaneseyen
jpy
swingtrading
Trend Analysis
yen
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