The CADJPY has exhibited sustained bullish momentum in recent times. However, price appears overextended currently, suggesting a potential retracement could be on the horizon.
Should price dip back into the 61.8% Fibonacci retracement zone, a buy opportunity may emerge. Prior daily swing highs could act as potential target areas (as depicted on the chart).
Important Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Please conduct your own due diligence and risk management before making any trading decisions.
Should price dip back into the 61.8% Fibonacci retracement zone, a buy opportunity may emerge. Prior daily swing highs could act as potential target areas (as depicted on the chart).
Important Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Please conduct your own due diligence and risk management before making any trading decisions.
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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.
👀 👉 BUY/SELL Signals Indicators:
🚀🔗 youtu.be/6R8WX_YDbY4
👀 👉Join Our New DISCORD Trading Room:
🚀🔗 discord.com/invite/PcBeCdwVQq
👀 👉 Free TELEGRAM:
🚀🔗 t.me/anthonys_forex
🚀🔗 youtu.be/6R8WX_YDbY4
👀 👉Join Our New DISCORD Trading Room:
🚀🔗 discord.com/invite/PcBeCdwVQq
👀 👉 Free TELEGRAM:
🚀🔗 t.me/anthonys_forex
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.