โญthe best buying and selling areas for the CAD/JPY๐งจ๐ฅ
๐ฐYou can see the analysis of the Canadian dollar to Japanese yen currency pair in the four-hour time frame (CADJPY_ 4H)๐๐ฃ
๐ฅAs it is clear from the picture, the price is moving in an Bullish parallel channel๐คโIf the price can break the lower line of the channel (dynamic support) and stabilizeโ below it, then it can have a downward trend until the DEMAND zone and Support๐งก ๐ป
If the price can break the Downward trend line๐ค and stabilizeโ above it, it can experience an increase up to the Resistance๐งก, and if it breaks the upward Resistance๐งก and stabilizesโ above it, it can have another increase up to the SUPPLY zone๐บ๐
which direction will the price go to the GREEN๐ side or the REDโค๏ธ sideโโ
I hope the analysis was useful for you๐ค๐น
๐Please introduce the channel to your friends ๐๐ป
_________๐TRADER STREET๐__________
๐ฅAs it is clear from the picture, the price is moving in an Bullish parallel channel๐คโIf the price can break the lower line of the channel (dynamic support) and stabilizeโ below it, then it can have a downward trend until the DEMAND zone and Support๐งก ๐ป
If the price can break the Downward trend line๐ค and stabilizeโ above it, it can experience an increase up to the Resistance๐งก, and if it breaks the upward Resistance๐งก and stabilizesโ above it, it can have another increase up to the SUPPLY zone๐บ๐
which direction will the price go to the GREEN๐ side or the REDโค๏ธ sideโโ
I hope the analysis was useful for you๐ค๐น
๐Please introduce the channel to your friends ๐๐ป
_________๐TRADER STREET๐__________
