Timonrosso

CADJPY setting itself for upside

Long
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Ascending Triangle is forming on the CAD/JPY.
We have had a few fakeout breakouts above. Nothing too promising yet.
But we are seeing higher lows and that is comforting for the price to continue up.
7>21 - Bullish
Price<200 - Price reaching 200MA elastic area.
RSI>50
Target 106.00

Bullish by nature

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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