CADJPY: Bullish Accumulation

4 Şub 2021

CADJPY is trading within an ascending triangle on a daily.

To catch the next swing move, wait for a daily breakout (daily candle close above) 82.2 horizontal resistance.
That will be a strong trigger for many market participants, and a bullish wave will most likely follow.

Next goal will be 83.0

In case of a bearish breakout of a trend line, the pattern will be broken and setup will be invalid.