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stamoyo

CAD/JPY Plausible price action

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
stamoyo  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
The symmetrical triangle is a typical trend continuation pattern but right this time the RSI, volume and EMAs do not support its usual function. The RISK/REWARD ratio is fairly good but it is quite unlikely to see a downtrend, though.
*Disclaimer: this is for educational purposes only*
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