Trend: Long term bearish
Structure: Support and resistance / head and shoulders pattern
Plan: We have been monitoring CADJPY for a while now, price has broken out of the support and resistance zone and is now testing the support level.
We look for price to bounce to previous highs. Confirmed by the test of support and MACD confirmation.
With the bearish nature of this pair currently please use good money management.
Structure: Support and resistance / head and shoulders pattern
Plan: We have been monitoring CADJPY for a while now, price has broken out of the support and resistance zone and is now testing the support level.
We look for price to bounce to previous highs. Confirmed by the test of support and MACD confirmation.
With the bearish nature of this pair currently please use good money management.