CAD/JPY STRUCTURE ANALYSIS|PRICE ACTION SCENARIO BREAKDOWN|
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Hello, fellow traders!
Here we've got CADJPY trading in a triangle, between the two horizontal levels.
It is clear when looking at the daily chart below.
Current expected push upwards will then either end with the breakout of the resistance upwards>>long after pullback.
Or, continue narrowing the range firmly within the triangle with its eye on the breakout of the support downwards>>short after pullback.
This is the trading plan for CAD/JPY for now. I recommend you put alerts above both breakout levels, not to miss on either opportunity.
Thank you for reading, like and subscribe to support me.
Wish you good trades!
Here we've got CADJPY trading in a triangle, between the two horizontal levels.
It is clear when looking at the daily chart below.
Current expected push upwards will then either end with the breakout of the resistance upwards>>long after pullback.
Or, continue narrowing the range firmly within the triangle with its eye on the breakout of the support downwards>>short after pullback.
This is the trading plan for CAD/JPY for now. I recommend you put alerts above both breakout levels, not to miss on either opportunity.
Thank you for reading, like and subscribe to support me.
Wish you good trades!
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✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
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