wizini

BULLS IN CHARGE CADJPY ABOUT TO EXPERIENCE A LONG BULLISH TREND!

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
On the Monthly timeframe , you can see that downtrend for a long period of time keep touch this current support zone and is isn't able to break through because that is a very strong support zone and have been always turned into trend reversal zone and also currently as the current trend approaches this current zone the, the current candlestick has started to reject against the bears.
Now on the weekly we keep seeing rejection from the current bearish candlestick and also the two previous candle stick also. So which means the bulls are really confirming the change in trend and gathering massive power to take up.
As for daily, we can identify more bull push ups and and also more bullish engulfing candlesticks and even the current bearish candlestick is rejecting and opting for a bullish ride.

So in conclusion, on 4H the trend will respect the bullish trend and then up with correction and push up. Then the TP will take effect from the Bull Ray line marked on the chart.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter