CADJPY Buy Idea
H1 - Bullish trend pattern followed by double wave correction.
Bullish divergence.
Price reached a key support zone formed by the 38.2% - 50% Fibonacci retracement zones of the bullish trend pattern, respected it, and is bouncing higher.
If we get a valid breakout above the most recent downtrend line we may consider it as a validation for the bullish view and expect the price to continue higher further.
Bullish divergence.
Price reached a key support zone formed by the 38.2% - 50% Fibonacci retracement zones of the bullish trend pattern, respected it, and is bouncing higher.
If we get a valid breakout above the most recent downtrend line we may consider it as a validation for the bullish view and expect the price to continue higher further.
Kommentar:
The price action followed my analysis and moved higher as per the plan, providing an amazing move to the upside!