CAD/JPY STRUCTURE ANALYSIS|SWING LONG

22 Jul 2020

The current CADJPY breakout is a signal of the bullish strength and I expect bullish continuation.

There is a nice diagonal support that might guard the movement, however, the the surge up might be a quick one too.

TRADING PLAN:

IF daily candle closes above the level>> Long after the pullback.
The pullback is reasonable to expect due to almost overbought RSI.

SL and targets on the chart.

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