CADJPY
We have a symmetrical triangle forming on the descending channel so this looks like an interesting scenario, A good setup both ways regardless
Im predicting it to break out above the channel as there is a small area of uptrend resistance taking place that is holding well and looking like it's going upwards. Monitor price action if it break down below then this could be a sign that it may touch the bottom line of the channel
Im predicting it to break out above the channel as there is a small area of uptrend resistance taking place that is holding well and looking like it's going upwards. Monitor price action if it break down below then this could be a sign that it may touch the bottom line of the channel
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