Reasons of Idea: CADCHF bullish -It broke the trend, retested it and move up, -Triple bottom -The RSI not touch level 70, so it's not on oversold. After get profit will monitor RSI if it broke level 70 we can expect profit 2
It's in bullish mode because: -Brook down trend -Liquidity taken -Dos not touch the lower channel line
Pair will have opportunities to be in uptrend because: -Have daily liquidity have been taken -Have 4H liquidity have been taken - RSI down trend has BEEN BROKEN (It's mean the price trend will broke) Buy now and take profit at the next Resistance
Regarding to my previous post The pair moved to expected direction and you can re enter in area between 1.49899 and 1.49830 .
The pair have a strong bullish opportunity Because of : 1- Price rejected from FVG 2- Price range in flag patterns 3- shark Harmonic pattern So you can enter it now and use risk management for SL.
In higher frame the pair is bullish . Buy limit at price 1.49322 where the liquidity has been taken. TP: 1.50543 where high liquidity. SL: 1.49101 where previous low liquidity
GBPJPY continue to complete head and shoulder patterns to approach 140.36