CADJPY possible longs after trend line break 4H
Daily
Technical Analysis
CADJPY seems to be in an uptrend. The trend line was tested 2 earlier with a move to the upside afterward.
Daily Candlestick pattern
Price refused to test the previous lows.
4H Technical Analysis
CADJPY has the possibility to raise further after we can spot a trend line break and the first higher highs and higher lows on the 4H chart.
4H Candlestick pattern
Confirmation with a serious big engulfment candle
Target 1.045
Correlation
Keep in mind that AUDJPY and USDCAD are correlated. So don't take positions in all of them, or at least lower your risk if you trade them all.
Technical Analysis
CADJPY seems to be in an uptrend. The trend line was tested 2 earlier with a move to the upside afterward.
Daily Candlestick pattern
Price refused to test the previous lows.
4H Technical Analysis
CADJPY has the possibility to raise further after we can spot a trend line break and the first higher highs and higher lows on the 4H chart.
4H Candlestick pattern
Confirmation with a serious big engulfment candle
Target 1.045
Correlation
Keep in mind that AUDJPY and USDCAD are correlated. So don't take positions in all of them, or at least lower your risk if you trade them all.
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