CADJPY – Sellers trending continuation

Trend: Strong buy

Support/Resistance:
R2: 83.867
R2: 83.548
R1: 83.125
S1: 82.785

Price action:
Buyers rebounce hard after sellers retraced from supportical level at 82.785. Sellers might be quite for a while, till buyers complitally get tired. Next buyers targets will show us strenght and decision how sellers will react after.

Potencial trade idea:
Bulls targets:
T1: 83.548
T2: 83.867

NOTE – We are trading CADJPY via the preferred trading setups by EliteFxAcademy

Trade closed: target reached:

T1 was reached