CADJPY hitting Major Support on 4 Hr Chart, Divergence showing.. Buying with 4hr and Day chart trending Bullish.
CADJPY has broken the trendline resistance; now up it goes.
CADJPY has been in a downtrend for a long time. There are some indications that a reversal or pullback is possible. However, at this moment, our idea is to follow the chart and update whenever we see a reversal indication.
I like daily candles, and volume, you can go long here.
Seems like it is breaking trendline .Daily - engulfing. Entrt after a flag
1) CCI cross 0 2) bounce by support line
Price has run into a major low and demand zone, the RSI is trending higher showing some divergence, if price breaks trend expect a retracement to the major trend line and 61.8% fibs also, keep stops below major low for a 2:1 trade.
Look for buy on first impulse , its a very good risk-reward setup. Linked below is my USDJPY and XAUUSD setups, both of them are in good profit, you can still enter based on your strategy. Give it a like if this has helped you in any way. Follow for more ideas and daily updates
my thought on CADJPY, trend line and SR level holding. *Please trade with care
my thought on CADJPY , good to long cadjpy as trendline and SR level holding it. *Please trade with care.