CADJPY 81.35 + 0.06 % LONG IDEA * PRICE ACTION & STRUCTURE

Dec 8, 2020

Hello everyone

Hope you guys are having a good trading day here's a swing idea on the CAD/YEN which is still trading in a descending channel structure pictured clearly on higher time frames looking for a test of the roof of this structure and will be monitoring price at this level.

coming down to the 4H chart we just saw a rejection at resistance level 81.57, looking to see a break of this structure in the near future and will be planning for long entries.
The pair remains in a strong uptrend hitting HH AND LH so will be looking for a break of the above mentioned resistance.

LET'S SEE HOW IT GOES..

HAPPY TRADING EVERYONE & LET THE WINS RUN...

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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE

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If this idea helps with your trading plan kindly leave a like definitely appreciate it.

Dec 8, 2020

Note