EURJPYThe analysis speak for itself so if you know the breakout strategy you'd understand it better...
Gwbfx
CAD/JPY TRAINGLE SYMMETRICAL TRAINGLE RESTEST NEW SUPPORT FORMER RESISTANCE
BUY @ 7990
STOP LOSS @77.625
TP@ 54.752
TP2@89.304
USDCAD bullish signalwe may experience a long trade on USDCAD as the pullbacks in a bullish uptrend
The pair has a great opportunity to go long as it is about to touch the 50 EMA and 200 EMA
The pair has also an opportunity to go long as the US Senate prepares to pass a $484 billion package to support small businesses (S.M.E's)
The USDCAD has is about to touch the monthly trendline (indicated by blue lines)
confirmations for long trade entry can be identified when there is several candle rejections at the current support level or 50EMA
Candles such as engulfing patterns and inside bars are also good confirmations
cheers and goodluck
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FX:USDCAD
USDJPY Price tested area 108.047 twice and unable to push above it.. But instead it pull back down to the trend line and break it... I think it going to sell
