CADJPY has finally broke out to the upside of a daily descending trend line. Possible head and shoulders pattern has reflected on the daily chart indicating a possible reversal in trend. Bulls have finally pushed off the bears and are reading to send price soaring. The Canadian dollar or the "loonie" is very strong at the current moment after news strengthened the loonie against the dollar. Looking for possible long entry after retest of previous resistance creating a new support or higher low. Looking for confirmation for entry, possibly a bullish pin par or bullish engulfing candle around 81.702
Analysis are for educational purposes. My post are not signals. Trade at your own risk!
Happy Trading!
Analysis are for educational purposes. My post are not signals. Trade at your own risk!
Happy Trading!