CADJPY Uptrend/Pullback - Potential Breakout Entry

CADJPY is currently in an uptrend and undergoing a pullback on Daily with an ABC pattern. 📈

After a double bottom formation, and the B point has broken upward, hinting at a potential trend resumption. 🚀

So, here's my plan: I'm looking to take a breakout pullback retest entry on the H1 chart🎯

Two targets in sight: 108.587 and 109.386. 🎯🎯

For risk management, I've set my stop-loss below the previous low on the entry chart.

As always, remember to do your own analysis and ensure this trade aligns with your risk tolerance and trading strategy. Let's see how this one plays out! Happy trading! 🤞

Daily chart:

Note: This analysis is for educational purposes only and not financial advice.