CadJpy- Break of resistance and new highs are expected
After the dip and the double tap in 104 support back in December, CadJpy started to rise again and resumed its long-term bull trend.
Now the pair is trading back to important 110 zone resistance and a break up seems imminent.
The recent dive under 109 was quickly reversed, which also adds to my bullish perspective.
In conclusion, as long as the recent low is not violated, I expect an up continuation and CadJpy could rise towards 115 in the medium term.
For shorter term traders, 112 is also a good target with 1:2 risk:reward
Now the pair is trading back to important 110 zone resistance and a break up seems imminent.
The recent dive under 109 was quickly reversed, which also adds to my bullish perspective.
In conclusion, as long as the recent low is not violated, I expect an up continuation and CadJpy could rise towards 115 in the medium term.
For shorter term traders, 112 is also a good target with 1:2 risk:reward
Nota
After a test of support, CadJpy reversed strongly.Next, a break of resistance should follow
Nota
We finally have a break above resistance112 should follow
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.