LONG trade analysis on CADJPY.
Graph is looking bullish from lower trendline and support structure to upper trendline. As you can see price is creating Parallel Channel and its time to rise now. And if price possibly breaks upper trendline in this bullish move it actually creates Bullish Flag. That is why am I so confident to buy right here. Bullish Engulfing Candle indicates buy on chart too. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Graph is looking bullish from lower trendline and support structure to upper trendline. As you can see price is creating Parallel Channel and its time to rise now. And if price possibly breaks upper trendline in this bullish move it actually creates Bullish Flag. That is why am I so confident to buy right here. Bullish Engulfing Candle indicates buy on chart too. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
