CAD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 92.373, 92.551, 93.000.
Key Support Levels: 92.086, 91.905, 91.774
1-Hr Time Frame:
The price on the higher time frame failed to continue its move to the downside where the price was hold above the support along a higher low showing that the buyers are about to push the price higher and reverse it.
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 @ 92.135
Target Profit 1 @ 92.373
Target Profit 2 @ 92.551
Stop Loss @ 91.896
Trade Safely 🙂