4hs and Weekly analysis on CADJPY by ThinkingAntsOk
Main items we can see on the chart:
a) The price broke a huge range after a reversal movement on a lower trendline of a weekly channel
b) After that, we saw a retest of the range
c) Currently, we can see a clear corrective Structure above the Support zone
d) If the structure is broken, we expect a continuation of the bullish movement towards the Target (Weekly Channel)
Weekly Chart:
a) The price broke a huge range after a reversal movement on a lower trendline of a weekly channel
b) After that, we saw a retest of the range
c) Currently, we can see a clear corrective Structure above the Support zone
d) If the structure is broken, we expect a continuation of the bullish movement towards the Target (Weekly Channel)
Weekly Chart: