CinnamonErreDe

CADJPY to break-out from multiyear resistance

Long
FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
CADJPY is about to breakout from a multiyear resistance. There is no confirmation yet of the direction of the breakout, however on the smaller timeframes looks bullish to me. Either way it breaks out, this is a good swing trade with a +300 pips move. I'll keep an eye and look for confirmation. What do you think?


CADJPY

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.