CAD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 92.500, 92.871, 93.022.
Key Support Levels: 92.113, 91.729, 91.500.
The price on the higher time frame found support around the 92.113 JPY mark where the retracement ended. We can see the higher lows and the long wicks to the downside showing that we are in the beginning of a new impulsive wave to the upside.
NZD/CAD Medium-Term Trend: Bullish
On the lower time frame, the market posted a double bottom and reversed to move higher. We can see that the market is in a clear upward movement where higher highs and lows has been left. We expect further movement to the upside but before that a lower correction could be seen.
Buy Limit Order @ 92.002
TP 1 @ 92.425
TP 2 @ 92.871
Stop Loss @ 91.790
Trade Safely 🙂