Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement and there is a confluence for a potential long if price rejects from support zone + trendline + FIBO 0.5 level.
Fundamental news: Next week on Tuesday will see results of Interest Rate in Japan and on Thursday in Canada. News with high impact on currencies, so pay attention to the results in order to validate the analysis.
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‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement and there is a confluence for a potential long if price rejects from support zone + trendline + FIBO 0.5 level.
Fundamental news: Next week on Tuesday will see results of Interest Rate in Japan and on Thursday in Canada. News with high impact on currencies, so pay attention to the results in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
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