LCFXpro

CADJPY LONG TRADE

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FX_IDC:CADJPY   加元 / 日圓
Since January 2018 high, seller succeed sending the pair to go lower and giving the seller took control until October 4th 2019 when seller failed to create a new LL, buyer start to take charge and manage to break out the long term descending trend line and currently on a correction phase to the previous based which if we can see a rejection around 81.100 level which align with 61.8 Fibonacci will give us a good opportunity to go long.
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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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LamchiuFX

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