CADJPY is bouncing from H4/Daily support and may resume its bullish momentum. In M15, we see a price structure that, if broken and retested, may lead to more bullishness in the short term.
CADJPY has to break this Resistance on M15/H1 first and preferably retest it before going long.
Targets can be assigned based on how PA develops or according to H4 fibs from the previous swing high to swing low at support.
Partial take profits and trailing stops are recommended to secure gains.
CADJPY has to break this Resistance on M15/H1 first and preferably retest it before going long.
Targets can be assigned based on how PA develops or according to H4 fibs from the previous swing high to swing low at support.
Partial take profits and trailing stops are recommended to secure gains.