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Risky_Call
Oct 6, 2021 10:56 AM

CAD/JPY Bullish W Pattern Running! Long

Canadian Dollar/Japanese YenFXCM

Description

Hello Traders

CAD/JPY has broken bearish trendline and successfully consolidated above it.
Also as we can see price is moving inside of a big channel.
Right now we have a big support around 87.4 (Big channel mid + W pattern + Fib 0.618 + previous resistance).
A minor correction to around 87.4 and then continuing upward momentum is probable.


Thanks for Reading
Comments
kiarashghorbani
Perfect, +160 pips
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