CADJPY: Classic Bullish Accumulation 🇨🇦🇯🇵

Long

Canadian Dollar / Japanese Yen (OANDA:CADJPY)

OANDA:CADJPY Canadian Dollar / Japanese Yen

triangle trendline supportandresistance swing swingtrading swingtrade swingtrader swingsetup cadjpy cad jpy yen

CADJPY is trading in a bullish trend on a daily.
The price has formed an ascending triangle formation respecting 101.8 resistance.

I believe that the next trend-following movement will initiate after a bullish breakout of the underlined blue area.
Daily candle close above will confirm a violation.

A bullish continuation will be expected to 103.0 level then.

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