MountainTraderFX

CAD/JPY STRUCTURE ANALYSIS|SWING LONG

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
The current CADJPY breakout is a signal of the bullish strength and I expect bullish continuation.

There is a nice diagonal support that might guard the movement, however, the the surge up might be a quick one too.

TRADING PLAN:

IF daily candle closes above the level>> Long after the pullback.
The pullback is reasonable to expect due to almost overbought RSI .

SL and targets on the chart.

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Comments

MountainTraderFX Dave-FX-Hunter
@Dave-FX-Hunter, good chart bro
Reply
What do you think guys?
Reply
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