CADJPY Swing Long
After a break and close below that was followed by a close back above and retest of lower part of consolidation channel, this pair has confirmed the fake breakout and is now well placed with an opportunity to ride the next swing leg and the creation of a higher high on the daily TF.
Target can be set at the 127.2% fib extension taken on the retracement. Entry can be taken on lower TFs
Target can be set at the 127.2% fib extension taken on the retracement. Entry can be taken on lower TFs
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.