CADJPY has been on a long term downtrend since 2017.
Price is testing the descending channel resistance.
Price action is printing an ascending triangle pattern.
Bullish ⬆️ - breakout above the ascending triangle resistance + descending channel resistance.
Bearish ⬇️ - breakdown below the ascending triangle support + previous swing low.
Price is testing the descending channel resistance.
Price action is printing an ascending triangle pattern.
Bullish ⬆️ - breakout above the ascending triangle resistance + descending channel resistance.
Bearish ⬇️ - breakdown below the ascending triangle support + previous swing low.
