CAD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 90.608, 90.868, 91.000.
Key Support Levels: 90.310, 90.054, 90.000.
1-Hr Time Frame:
The price on the higher time frame succeeded to break the bearish trendline to the upside after posting a higher low which represents the double bottom formation. The market is moving to the upside and most probably will continue in the coming hours.
CAD/JPY Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 90.316
Target Profit 1 @ 90.608
Target Profit 2 @ 90.868
Stop Loss @ 90.023
Trade Safely 🙂