profitalztrading

Huge profit is awaiting on CADJPY

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
Hello traders!

Here are my thoughts on CAD/JPY .

Using simple price action we can see that the price just broke the strong daily resistance. What I am expecting is that price will come back to retest strong daily resistance now turned support. This could be a great opportunity to enter a long position, if support will hold the price. Please, wait for the confirmation before entering the trade.

📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish


🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level

Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨‍👩‍👧‍👦

Have a wonderful and profitable day! ❤️

- ProfitalzTrading

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