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mudassirali007

CADJPY - Chart Analysis - Strategy

Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
mudassirali007  
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Pennant Wedge Support and Resistance Technical Analysis CADJPY tradingstrategy Bearish Patterns Bullish Patterns short LONG
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pennant wedgepattern supportandresistance technicalanalysis cadjpy tradingstrategy bearish bullish short long
According to chart analysis, it is possible that it will be a good bullish ride but a better strategy is to wait for trend continuation, so for that, we have possible two plans
Plan A: Short
we have a Rising Wedge which indicates a Reversal Pattern so the strategy is to enter 97.045 and TP at 95.672, SL is 98.239
Plan B: Long
we have a Bullish Pennant which indicates a Contuition Pattern so the strategy is to enter 100.197 and TP at 102.797, SL is 98.913
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