Nice opportunity here on CADJPY .
Monthly timeframe suggest a completion of an impulse to the upside.
Weekly timeframe shows a clear M pattern in which we expect a correction to the neckline.
Daily timeframe shows a W formation which has just been corrected to the neckline and we can expect a continuation of the move to the upside.
So far MONTHLY, WEEKLY & DAILY timeframe suggest a move to the upside so why not.
Note: This is strictly for educational purpose, taking a trade off this analysis should only be done if the rules of your own personal strategies are met.
Monthly timeframe suggest a completion of an impulse to the upside.
Weekly timeframe shows a clear M pattern in which we expect a correction to the neckline.
Daily timeframe shows a W formation which has just been corrected to the neckline and we can expect a continuation of the move to the upside.
So far MONTHLY, WEEKLY & DAILY timeframe suggest a move to the upside so why not.
Note: This is strictly for educational purpose, taking a trade off this analysis should only be done if the rules of your own personal strategies are met.
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