CADJPY at the resistance, ready to break

٦ مايو ٢٠٢١

Comment

CADJPY is at the resistance level of 89.182. Potential breakout in H4 as per below Ichimoku confirmation.

Ichimoku Trend Analysis

- Kumo (Both Senko span A and B) are up
- Kumo itself is thick and long
- Kijun sen up
- Tenkan sen up
- Chiko Span above candles

Next Scenario

Wait for a candle close in H4 to be above the resistance level to look for a buy chance.
Also can take Tokyo Box Breakout as additional confirmation to buy after breakout.