CADJPY: LONG opportunity
CADJPY just tested trendline support, both RSI and Stoch RSI are within overbought area (confluence).
Stoch RSI is giving a buy signal, while Bollinger Band Width (BBW) seems to have almost completed the ongoing expansion phase, thus indicating that price action might invert and turn upwards.
Enter: LONG 10X @ 84.98
SL: below yellow support area (- 1.5% @ 83.71)
Target: resistance level (+2.5% @ 86.98)
Stoch RSI is giving a buy signal, while Bollinger Band Width (BBW) seems to have almost completed the ongoing expansion phase, thus indicating that price action might invert and turn upwards.
Enter: LONG 10X @ 84.98
SL: below yellow support area (- 1.5% @ 83.71)
Target: resistance level (+2.5% @ 86.98)
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