This is a potential long on the CADJPY
. The 4 hour has broken out of a bearish channel
which got a strong bullish
bounce of an important weekly trend line
acting as support (as shown). Price has now broken out the channel on the 4 hour and printing small pullback. It could go up from here.
I'm not that keen on the daily structure which is why I may sit on the sidelines for this one.