TheCryptagon

CADJPY Bullish Cross signalling a buy.

Long
FX_IDC:CADJPY   Canadian Dollar / Japanese Yen
CADJPY it at the top of a short term Falling Wedge pattern inside a larger Channel Up.

The 1day MACD just formed a Bullish Cross. Every time the price has been on the 1day MA50 while the MACD formed a Bullish Cross, the pair traded inside a similar Falling Wedge pattern.

A break out followed with the price hitting at least the previous High (Resistance A).

Buy now and target 111.245 (Resistance A).

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