CADJPY Finally Reached This Important Support Level!
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CADJPY Is in a very interesting spot here. It just reached its support level 1 after a pretty steep downturn.
I have been watching this pair for a while today and finally I feel this is a great moment to enter. I suggest a LONG position here.
The reasons can be found on the chart. First of all, the price has hit an exact place of horizontal support. Second, the price has shown to make an RSI Bullish Divergence. On the 15m it also shows the first signs of confirmation on this divergence.
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- Trading Guru
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.