CADJPY: BREAKOUT CHANNELING, CONFIRMATION OF LONG OPPORTUNITY?
Updated
Hello Enthusiast Forex Traders! Here's short-term outlook for CADJPY, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
CADJPY is breaking out of the descending broadening wedge pattern. Breakout of descending broadening wedge pattern indicates the possibility of bullish movement. The momentum indicator crossed above the zero area, it signify the potential bullish bias ahead.
The roadmap will be invalid after exceeding the support/target area.
If CADJPY exceeds the support area, there is a probability of corrective movement ahead.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.
CADJPY is breaking out of the descending broadening wedge pattern. Breakout of descending broadening wedge pattern indicates the possibility of bullish movement. The momentum indicator crossed above the zero area, it signify the potential bullish bias ahead.
The roadmap will be invalid after exceeding the support/target area.
If CADJPY exceeds the support area, there is a probability of corrective movement ahead.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.
Trade closed: target reached
Target 1 Achieved, ENJOY THE WEEKDAYS GUYS!Note: REMEMBER ANYTHING COULD HAPPEN IN THE MARKET, STICK TO THE PLAN UNTIL IT BECAME INVALID.
Related publications
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.