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SeaLionLLC

CAD/JPY breaking out from Ascending Triangle

Long
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
SeaLionLLC Updated   
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
CAD/JPY found critical support in March at the 80.75 level. This level has not only served as support but resistance as well looking back to the middle of 2016. The move above 86.00 confirms the breakout and is echoed by the TSI whose momentum now threatens the zero line and the positive trend in the Aroon. Next target is 88.50
Trade closed: target reached:
The first target reached but with a shooting star candle, I'm closing half the position. Will need confirmation to become a reversal pattern.
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