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VasilyTrader
Feb 23, 2024 10:23 AM

CADJPY: Waiting For Confirmation 🇨🇦🇯🇵 Long

CAD/JPYOANDA

Description



CADJPY is trading in a bullish trend.

After setting a new higher high higher close on a 4H time frame,
the pair started to consolidate within a horizontal trading range.

I am waiting for a bullish breakout of the resistance of the range.
4H candle close above 111.76 will indicate the strength of the buyers.

A bullish continuation will be confirmed then.
Next resistance will be 112.0

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VasilyTrader
Are you bullish on CADJPY?
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