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Cad-jpy

CADJPY: Looking to buy the breakout!I am looking to buy the breakout of this structure to the upside. We have a nice curve pattern acting like a resistance and price is currently developing in a bullish flag. I will only consider buying the pair whenever the price is beyond the curve and above the flag. My 1st target will be the former resistance which stopped the price multiple times over the week. In case it breaks to the downside my trade will be cancelled. ***Trade with care and at your own risk***
Long
by SwissPips
2
Continuation of the bullish side? CADJPY by ThinkingAntsOkMain items we can see on the chart: a) The price had been inside a Range (yellow lines) and was broken with a massive bullish movement b) After the first impulse we saw a reversal a now we are on a situation where the price is retesting the broken level c) Above the mentioned zone there is a new corrective Structure (purple lines) + broken descending trendline d) This situation presents good characteristics for a long setup towards the Bullish Target e) Our Long view will be annulated if the price reaches the invalidation zone
by ThinkingAntsOk