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CAD/JPY (Daily Chart) - Bullish Trend Channel

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
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FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis CADJPY cad-jpy Forex forexsignals forextrading priceaction synapsetrading
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trendanalysis chartpattern beyondta cadjpy cad-jpy forex forexsignals forextrading priceaction synapsetrading
This pair is now at the bottom of the bullish price channel, making it a low risk trade to go long now.

There is strong resistance near the top, but there is enough room for it to go up to make it a viable trade.

The most recent bar shows strong buying pressure, which is a good sign for entry.
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CAD/JPY (Daily Chart) - Top of Price Channel
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