This is a Bullish Idea according to "TheStrat" method
As per "The Strat" method, the daily chart is setting up for 3-2-2 reversal formation. Entry and target are displayed on the chart
At the moment, CADJPY is showing considerable strength and has broken recent anchored vwap's to the upside as shown on the chart. I am expecting some rise in the price of the pair in the next few days.
According to Volume Profile, the price is finding strong resistance at around 94.00. My target is 93.00
Price has retraced from key resistance zone. I think the price is heading towards 82.00
Here is a clear rising wedge for CADCHF. I am expecting the price to fall from this level
Candlestick patterns show clear signs that up movement is in the making
Descending triangle from daily support and trendline shows that price will most likely fall towards the support line
My sentiment is bullish for this pair until it hits the major resistance line @ 83.88