TBonch

CADJPY Correction, impulse?

Long
TBonch Updated   
OANDA:CADJPY   Canadian Dollar / Japanese Yen
On a larger view we can see CADJP has been down trending, but since rallying, last week and has now broken out above a key zone I believe we can expect price possibly pushing to previous highs and give us a 50% of breakout candle/retest of previous highs as support to give a great buy opportunity to the upside given a price action reversal as entry confirmation.
Order cancelled:
Price did not hit entry zone for high probability buy entry
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.