Looking to see this pair have further downward continuation with the Japanese Yen seeing some strength across the board....and CADJPY finding itself in a descending channel on the larger timeframes. Trading below the MAs.
Looking for a rally to the topside of the channel upon the breakout of the yellow box of consolidation. Confluence of trading above the MAs. Pending order placed above the zone. Will be scaling out at each resitance level met along the way up.
Seeing a breakout of the descending channel and now accumulating orders whilst maintaining above the MAs, and have retested the topside of the channel trendline. Buy stop order placed as waiting for break of most recent highs.