A bullish RSI divergence has formed on the CADJPY daily (1D) chart at a key resistance level, signaling a potential bullish reversal. Wait for a breakout above the descending trendline, followed by a retest of the trendline, to confirm the entry for a long position.
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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.