CADJPY Dynamic S/R| Swing High| Price Action| Trend

Evening Traders,

Today’s analysis – CADJPY – trading with a bullish market structure, further upside probable,

Points to consider,

- Price Action Impulsive
- Dynamic S/R Support
- Swing High Objective
- Low Volume

CADJPY’s immediate price action is impulsive, trading above its dynamic s/r with further upside being imminent.

The swing high is the current objective, exceeding this level increases the probability of a trend continuation.

The current volume profile is below average, an influx is highly probable when testing key trade locations.

Overall, in my opinion, CADJPY is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

‘’No one strategy is correct all the time’’.- John Paulson