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CADJPY Long Setup

Long
Dollar canadien / Yen japonais (FX:CADJPY)  
gibbsys  
FX:CADJPY   Dollar canadien / Yen japonais
Support and Resistance Trend Analysis Double Top or Bottom popular
2
0
supportandresistance trendanalysis doubletoporbottom popular
Trend: Long term bearish
Structure: Support and resistance / head and shoulders pattern

Plan: We have been monitoring CADJPY for a while now, price has broken out of the support and resistance zone and is now testing the support level.

We look for price to bounce to previous highs. Confirmed by the test of support and MACD confirmation.

With the bearish nature of this pair currently please use good money management.
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