Dear traders,
CADJPY has broken an ascending trendline and retesting it. The place where the price is currently at is also a strong resistance. The price is also testing the 50% FIB level. For extra confirmation, draw a line at 82.746. When this line breaks out to the downside, place a sell trade with proper lot size and risk management. Good luck!
__________________________________________________________________________________________________________________________________________________
Guys if you like my ideas, please drop a like and follow me if u like my trades. Post comments about your idea too. We can manage the trade together.
__________________________________________________________________________________________________________________________________________________
DISCLAIMER:
__________
This is just my personal opinion. Every trader is independent. Every trader has the freedom to place a trade in any direction.
Thank you for your support,
FX Specialist