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CADJPY: Long Trade Explained

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
VasilyTrader  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis yen japaneseyen CADJPY signals signalservice signal fx trader money
27
20
trendanalysis chartpattern waveanalysis yen japaneseyen cadjpy signals signalservice signal fx trader money
snapshot

hey guys,

I just took a long trade on cadjpy.

Reason:
the price reached a strong key level on a daily
this key level matches with a support line of 4H rising channel
on 1H the price formed a double bottom formation

I entered after a breakout of minor resistance on retest.

goals:
80.18
80.325
80.55
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