Retuka

CADJPY HUGE RETRACEMENT BOUNCE

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
Pair: CADJPY
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, bounce off key levels
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Key Takeaway: Seen a big retracement for the pair of the past couple of weeks down to a critical level that has now been touched, we are looking for a big swing of bullish momentum before signs for entry can be found. We have stalled and are consolidation when high volume level and support level has been touched and also hit key fib levels.
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Level needed: need a close by —
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Trade: Long
RISK:REWARD —
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