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tahacharef26

USDCAD Long Term Buys

Long
British Pound / Japanese Yen (FX:GBPJPY)  
tahacharef26 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns USDCAD LONG long-term buysetup consolidation-breakout
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trendanalysis chartpattern usdcad long long-term buysetup consolidation-breakout
We can see an uptrend followed by consolidation with a small bullish parallel channel. Now I'll wait for a solid breakout and a retest. Once I see a confirmation on the lower TF, I'll take a buy. TP-targets are based on previous support and resistance zones.
Comment:
On the 1H we can see a nice breakout of the resistance zone and a strong bullish retest. If it breaks out of the channel as well, I'll take a buy.
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