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Profound_Ambition

CADJPY 4H

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Profound_Ambition Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Support and Resistance Trend Lines Wedge CADJPY caddollar yen Supply Zone breakout uptrend retest
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supportandresistance trendline wedgepattern cadjpy caddollar yen supplyzone breakout uptrend retest
Price broke out of its uptrend wedge last week then has been consolidating above for the past couple of days. Also broke my ascending triangle with a bullish candle after touching the 50 fibonacci level & retested broken trend line. Price is currently above 91.00 supply level, & has been consolidating between 90.500 & 91.000 area.. I am expecting more upside coming soon price is in an uptrend ...

Trade with care! : )
Comment:
inverse head on shoulders still in play on the weekly, some extra confirmation
snapshot
Comment:
CPI Numbers & Core Retail sales out of CAD tomorrow morning as well, could bring more movement to this pair potentially.
Comment:
careful, Japanese yen gaining strength after recent threats for North Korea to the US could bring a lot of strength to JPY :/ Will look for another setup shortly.
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