CADJPY at the resistance, ready to break
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.
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.
Forex Kei
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Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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