CADJPY ANALYSES

15 Jun 2020

DAILY CHART:
Price seated at the main resistance and it looks like it´ll respect it. I used as tool the ABCDX triangule and it definitely forms a bullish pattern BUT we need to look for a entry confirmation to the upside! RSI is neutral, but if you watch closely, the 50/20 EMA are crossing each other which means a possible bullish strengh. Personally, I will wait for a candle to cross the 50/20 Ema and forming a bullish engulfing. If all this confirmations match at a certain time, that´s a bullish move for sure untill the next resistance .

4H CHART :
At this moment, the price is re testing he support line and IF NO BREAK, we should wait for a bullish candle pattern, like a morning star, bullish engulfing.... etc .
30 min CHART :
Formation of a bullish pattern go google it
Trade what you see and good luck yall !