Hello everyone, we have been seeing bullish movement for the previous months as there has been weakness in the Yen currency.
Liquidity has been established at the 100.182 price point from March 28th for Cadjpy. Price is now approaching that same liquidity level in the formation of an ascending triangle.
Will be waiting for the break and retest of the liquidity level (Redline) to continue bullish.
If price happens to reject the liquidity level and break the supporting trendline, we may see bearish movement
Liquidity has been established at the 100.182 price point from March 28th for Cadjpy. Price is now approaching that same liquidity level in the formation of an ascending triangle.
Will be waiting for the break and retest of the liquidity level (Redline) to continue bullish.
If price happens to reject the liquidity level and break the supporting trendline, we may see bearish movement
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