CADJPY Forex Analysis – Bullish Continuation Setup
CADJPY remains bullish after a healthy pullback on the 1H chart. The correction is confirmed by breaking below the Asian range and a positive skew on the 5-pip range bar, signalling bullish intent.
This move represents Wave 2 in a bullish market structure. A break above 114.75 will confirm continuation to the upside.
Trade Levels
Buy: Above 114.32
Stop Loss: 114.15
Target: GM4A Russell Wave – 115.78
Trade with the trend and manage risk.
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CADJPY remains bullish after a healthy pullback on the 1H chart. The correction is confirmed by breaking below the Asian range and a positive skew on the 5-pip range bar, signalling bullish intent.
This move represents Wave 2 in a bullish market structure. A break above 114.75 will confirm continuation to the upside.
Trade Levels
Buy: Above 114.32
Stop Loss: 114.15
Target: GM4A Russell Wave – 115.78
Trade with the trend and manage risk.
👍 Like and follow for more forex trading analysis.
Note
The pattern has flipped! I explained this in the description. A break below Higher LL X 2.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.