CollegeofPips

Potential Move Upward for CAD/JPY

Long
OANDA:CADJPY   Canadian Dollar / Japanese Yen
πŸ’‘ Trade Idea

πŸ“‰ Buy Limit CAD/JPY @ 79.95

🎯 Target Profit 80.59

πŸ›‘ Stop Loss 79.79

❌ Do not risk more than 1% of your account on each trade

πŸ™‚ Good Luck!

The price is currently ranging inside a corrective channel. Our prediction is a lower move downside to re-test the 79.95 support, and the latter could prove difficult to be broken, from this level a potential move higher to the 80.59 mark could be seen.
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Comments

Good One
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Great analysis
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CollegeofPips Joe_Damien
@Joe_Damien, Thank again
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We have same bias. Thanks for sharing
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CollegeofPips forexboat
@forexboat, Much appreciated your comment
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