Bullish Setup on CADJPY: Strong Support Holds, Targeting 109.120
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https://www.tradingview.com/x/jF1bpmox/
CADJPY is currently testing a significant support level, which has held strong in the past. The overall trend for CADJPY remains bullish, indicating a potential buying opportunity. Traders can consider entering a long position at the current levels, with a target price set at 109.120. This target represents a potential upside move based on the bullish momentum. However, it's essential to closely monitor price action and implement appropriate risk management strategies.
Hit like and comment if you like my idea.Thanks
CADJPY is currently testing a significant support level, which has held strong in the past. The overall trend for CADJPY remains bullish, indicating a potential buying opportunity. Traders can consider entering a long position at the current levels, with a target price set at 109.120. This target represents a potential upside move based on the bullish momentum. However, it's essential to closely monitor price action and implement appropriate risk management strategies.
Hit like and comment if you like my idea.Thanks
Nota
Update: CADJPY trade is progressing according to our analysis. The price is holding at the significant support level, confirming our bullish outlook. If you followed the idea, consider holding your positions as the trade unfolds. Remember to stay vigilant and implement your risk management strategies. Likes and comments are welcome as we navigate through the trade. Thank you for your support!
Penafian
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