FX_IDC:CADJPY   Canadian Dollar / Japanese Yen
Since January 2018 high, seller succeed sending the pair to go lower and giving the seller took control until October 4th 2019 when seller failed to create a new LL, buyer start to take charge and manage to break out the long term descending trend line and currently on a correction phase to the previous based which if we can see a rejection around 81.100 level which align with 61.8 Fibonacci will give us a good opportunity to go long.
_________________________________________________________________________________________________________________________________________

Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.



Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________


Thank you for your support!

LamchiuFX

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.