Trade of the Day CADJPY

CADJPY is bouncing off the uptrend support line

 

CADJPY has pulled back to test the uptrend line support 83.200. A bounce off this level is required for an upside continuation and another test of 84.50. A break below 83.200 will lead to a deeper pullback to 82.10. As long as the CADJPY is above 82 the uptrend reversal is valid and you should target 88.

Note – Look for price action break above 84.50 to enter the long trade with the stop loss below 84

 

 

If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.

Copy our trades!

Scroll to Top
×