CAD/JPY Preparing for a Buy Trade!!
CAD/JPY rejected the trendline and support levels (indicated in chart). It is currently in a corrective wave/pattern. It looks like we are currently in wave 2, expecting to see Wave 3 begin soon.
Trade active
Buy Trade Open. Correction structure breakout. 1% risk.Trade closed: stop reached
FakeoutNote
Not a fakeout, it was a trendline retest.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.