Possible long opportunity on CAD/JPY.
Price has reached support in the ascending channel. There was a small 'fake' breakout, but price held at the 200 EMA and we saw bullish momentum upward.
Following a break in the recent trend line, and signals from the MACD and RVI, I would be interested in entering a long position. Price could return to resistance where I would take profits.
Price has reached support in the ascending channel. There was a small 'fake' breakout, but price held at the 200 EMA and we saw bullish momentum upward.
Following a break in the recent trend line, and signals from the MACD and RVI, I would be interested in entering a long position. Price could return to resistance where I would take profits.
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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.