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ThinkingAntsOk

4hs and Weekly analysis on CADJPY by ThinkingAntsOk

Canadian Dollar / Japanese Yen (FX:CADJPY)  
ThinkingAntsOk  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis CADJPY jpy CAD Forex fx swingtrading
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trendanalysis supportandresistance mtfa cadjpy jpy cad forex fx swingtrading
Main items we can see on the chart:

a) The price broke a huge range after a reversal movement on a lower trendline of a weekly channel

b) After that, we saw a retest of the range

c) Currently, we can see a clear corrective Structure above the Support zone

d) If the structure is broken, we expect a continuation of the bullish movement towards the Target (Weekly Channel)

Weekly Chart:
snapshot
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