Currency the price of CAD/JPY is on the trend-line Support .
There are 2 Possibilities here -
1)If the price breaks the trend-line at 1 , you can go short till the Key Support 1 .
2) If the price reverses at the trend-line 1 , take a long position till Key Resistance 2.
This analysis has be done on a 4H chart . So plan your Lot Size , T.P and S.L accordingly .
I would advice if you have a 1K account . You can go with a 0.1 -0.3 lot size . ( Do not open too many positions )
Good Luck My friends !
Please Like and Comment if you take a trade .
There are 2 Possibilities here -
1)If the price breaks the trend-line at 1 , you can go short till the Key Support 1 .
2) If the price reverses at the trend-line 1 , take a long position till Key Resistance 2.
This analysis has be done on a 4H chart . So plan your Lot Size , T.P and S.L accordingly .
I would advice if you have a 1K account . You can go with a 0.1 -0.3 lot size . ( Do not open too many positions )
Good Luck My friends !
Please Like and Comment if you take a trade .