CADJPY Buy Idea
H4 - Price bouncing from uptrend line, bearish cycle coincides with the trendline in a zone where price is being respected.
H1 - Price broke out of the trendline and created bullish convergence.
Now we may expect correction in the form of double wave and go long with the breakout of the trendline or we can expect a flat correction in the form of range and go long with the breakout at the top.
M15 - We have first corrective leg and the second leg is forming now, we can go long with the breakout at the top.
H1 - Price broke out of the trendline and created bullish convergence.
Now we may expect correction in the form of double wave and go long with the breakout of the trendline or we can expect a flat correction in the form of range and go long with the breakout at the top.
M15 - We have first corrective leg and the second leg is forming now, we can go long with the breakout at the top.
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