CAD/JPY STRUCTURE ANALYSIS|PRICE ACTION SCENARIO BREAKDOWN|

25 juin 2020

Hello, fellow traders!

Here we've got CADJPY trading in a triangle, between the two horizontal levels.
It is clear when looking at the daily chart below.

Current expected push upwards will then either end with the breakout of the resistance upwards>>long after pullback.

Or, continue narrowing the range firmly within the triangle with its eye on the breakout of the support downwards>>short after pullback.

This is the trading plan for CAD/JPY for now. I recommend you put alerts above both breakout levels, not to miss on either opportunity.

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Wish you good trades!

25 juin 2020

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