Cadjpy 1H Time Frame

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Hello Trader,

Today Cadjpy news coming soon and I hope you are waiting my analysis chart patterns and today my Performance 97© Sure Call 🤙

Based on the chart, CAD/JPY is in an uptrend after a breakout, with a projected bullish move towards the 104.800 - 105.000 resistance zone.

Trading Plan:

Buy Entry: Around 103.900 - 104.000 (after confirmation of the breakout retest).

Take Profit (TP): 104.800 - 105.000 (resistance area).

Stop Loss (SL): Below 103.500 (to protect against a false breakout).


Key Notes:

The breakout from the ascending channel suggests bullish momentum.

A stop-loss is necessary to avoid a potential reversal.

Monitor price action around 104.500 for any resistance reactions.


Would you like a deeper technical analysis or additional indicators for confirmation?

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