CADJPY completion PATTERN. GROWTH

The price has completed the formation of the Pennant pattern in which it has been moving since February of this year.


At the beginning of last week, it broke through the lower border of the pattern - the support line and fell sharply.
But at that moment the price was picked up by the support level, which stopped its fall.

This is a historically strong level that has been determining the direction of price movement since 2002.
The weekly TF shows that the price rarely falls beyond this level.


Now we see that the price is moving exactly along the level, which may indicate its good consolidation. This indicates future growth. My guess is that the price will rise. Goal - the resistance line.

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻