Get started
MentalMir

CADJPY READY TO TAKE FLIGHT?

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
MentalMir  
FX:CADJPY   Canadian Dollar / Japanese Yen
Chart Patterns Support and Resistance Supply and Demand trading londonsession bias buy longterm jpy holding support breakouts
2
0
chartpattern supportandresistance supplyanddemand trading londonsession bias buy longterm jpy holding support breakouts
On the daily CAD-JPY is in a very strong uptrend so my bias is currently BUY. Considering all of that on the 4 hour time frame it is at a level of support which does not necessarily mean buy but I'm waiting for confirmation going forward to see what price action looks like. Currently sellers seem to have more control but during the London session this will be a good pair to look at.

Possible break and pullback for the (sell) at area of support.
or
Bounce at support.

Feedback is welcome.
Please follow I will be posting more analysis often.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.