TradingView
FrenchIvory
Oct 31, 2021 11:07 PM

CADJPY; Long Term uptrend has Started Long

CAD/JPYOANDA

Description

In the past week, CADJPY has broken above and retested a major Weekly/Monthly resistance for the first time in years, which indicates the trend is still healthy, and up. The next target is 98.650, althought i am planning to take some profits at the (A) pictured level, before i anticipate a potential Weekly retracement to the 91.400 support/resistance level before we continue up.
Comments
TDRKLZ1
I reckon it will drop lower before it goes up.
FrenchIvory
thank you for your input!
DevinciFx
I love how you mark up your charts...very clean, easy to understand...Kudos
FrenchIvory
@sibs123, i really appreciate that, thank you!
TraDerial
Nice multi-time frame analysis, thank you
FrenchIvory
thank you for your comment❤️
More