CADJPY reaching resistance. Outlook for long-term day traders.
Updated
CADJPY approaching previous resistance of the 200-EMA at a psychological resistance area of 84.00. Waiting for confirmation to ride down before taking the long, up-ward momentum if followed through by the analysis.
Note
Looking for a buy position at the 82.00 Support level, SL at the 81.00 level with TP at 85.5.DISCLAIMER: Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. All published ideas are my personal ideas only and should not be read as instructional or financial advice. I am simply sharing my personal outlook of the Financial Markets.
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