CADJPY: BREAKOUT DBW, LONG POSITION CONFIRMED AGAIN?

Hello Enthusiast Forex Trader! Here's short-term outlook for CADJPY , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)

*CADJPY is breaking out of descending broadening wedge on m30 Timeframe
*Descending Broadening Wedge is continuation pattern that could be a sign of potential bullish movement in the future.
*Furthermore, CADJPY still moves above the EMA 200 which indicate a prevailing bullish bias
*MACD indicator starts already cross above the zero level area, that signify the stronger bullish momentum may remains in the future.

The roadmap will be invalid after exceeding the support/target level

*DISCLAIMER:
This isn't a recommendation to buy or sell forex pairs,only an Outlook from technical perspective.

Comentário:

Sorry for the latest constructive loses, The statistic will get better eventually because it is all the probability game :)