This trade might Take a long time to complete.
Please, Do not Take this as a Good Technical Analysis as market is a double-edged sword and things could go wrong, turn around and go the other direction and could make you lose more money than the initial investement.
Here we'll use the 40MA as a Dynamic support wich is just underneath the forming triple bottom.
1- We'll look for breakout/confirmatio(Lvl2/BabyBlue line). Only then we should consider a Buy of CAD/JPY
2- We could start to look at mid ⁓92's(Green line) wich would be the tripple bottom's potential target.
Please, Do not Take this as a Good Technical Analysis as market is a double-edged sword and things could go wrong, turn around and go the other direction and could make you lose more money than the initial investement.
Here we'll use the 40MA as a Dynamic support wich is just underneath the forming triple bottom.
1- We'll look for breakout/confirmatio(Lvl2/BabyBlue line). Only then we should consider a Buy of CAD/JPY
2- We could start to look at mid ⁓92's(Green line) wich would be the tripple bottom's potential target.