CADJPY - COMPLETE ANALYSIS
This is my view on CADJPY.
In the last 2 days of the week we saw a strong canadian dollar pushing this pair to the upside. In my analysis we can clearly see that price is rejecting the 0.382 daily fibo level and the weekly strong support. Change your chart for weekly and you will see what support is that. Also the price is inside a new uptrend channel creating HH/HL and this one will be a possible formation of another HL.
For a possible entry drop to 4h/1h chart and wait for confirmation.
Let's see.
In the last 2 days of the week we saw a strong canadian dollar pushing this pair to the upside. In my analysis we can clearly see that price is rejecting the 0.382 daily fibo level and the weekly strong support. Change your chart for weekly and you will see what support is that. Also the price is inside a new uptrend channel creating HH/HL and this one will be a possible formation of another HL.
For a possible entry drop to 4h/1h chart and wait for confirmation.
Let's see.
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