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CADJPY: Bullish Accumulation

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
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FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Triangle Forex canadiandollar yen japaneseyen jpy CAD CADJPY swing swingtrading
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trendanalysis chartpattern triangle forex canadiandollar yen japaneseyen jpy cad cadjpy swing swingtrading
snapshot

CADJPY is trading within an ascending triangle on a daily.

To catch the next swing move, wait for a daily breakout (daily candle close above) 82.2 horizontal resistance.
That will be a strong trigger for many market participants, and a bullish wave will most likely follow.

Next goal will be 83.0

In case of a bearish breakout of a trend line, the pattern will be broken and setup will be invalid.


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