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CADJPY - Long Bias after fakeout

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Dólar Canadense/Iene Japonês (FX:CADJPY)  
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FX:CADJPY   Dólar Canadense/Iene Japonês
Trend Analysis Support and Resistance Supply and Demand CADJPY cadjpylong
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trendanalysis supportandresistance supplyanddemand cadjpy cadjpylong
Hi traders

here is my take on the CADJPY. Price broke the support area with what turned out to be a fake-out and bounced back into the range. I highlighted the support area with a transparent box.

If price breaks the resistance area (black) I will consider buying on the re-test with a minimum 1:2 RR. Trade will go breakeven after 1R is reached.

Let me know what you think in the comments below :)
Comentário:
Buy limit at re-test of previous resistance. Target at the green line. Stop with a 1:2 RR!

Good luck.

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CADJPY - Long Bias after fakeout UPDATE
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