Hello Fellow Global Forex Investor/Trader, Here's an Outlook for CADJPY!
Price Action Analysis 1. FX:CADJPY has retested on the multiple rejection area and Bullish Trendline 2. Then, forming a Falling Wedge, the pattern indicates a bullish continuation pattern 3. Breakout of the pattern confirmed the possibility of the upside movement 4. The MACD Indicator also made a Golden Cross, signifying the possible upside movement to the target area.
Other Technical Drives: 1. JPYBasket is moving in the bearish trend or below EMA200 2. Breakout of the Rising Wedge indicates a possible continuation of the bearish trend
The roadmap will be invalid after reaching the target/resistance area.
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"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CADJPY"
Trade active
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Moving Below EMA 200 and Rising Wedge
Trade closed: stop reached
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Well, sometime the trading plan isn't going well as we plan to be