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CAD/JPY Bullish Reversal from Demand Zone?
CAD/JPY is showing signs of a potential bullish reversal after testing a key demand zone around 105.00-105.50. The presence of buyers in this area confirming potential upward momentum.
Price action indicates a break of the descending trendline, signaling a shift in market structure. If bullish momentum continues, the next key resistance to target is around 107.97.
A long position could be considered with an entry near 106.00, a stop loss below the demand zone, and a potential take profit at 107.97.
Key Factors:
✅ Presence of buyers in demand zone
✅ Trendline break & liquidity sweep
LMK your opinions in comments below! 🚀
Price action indicates a break of the descending trendline, signaling a shift in market structure. If bullish momentum continues, the next key resistance to target is around 107.97.
A long position could be considered with an entry near 106.00, a stop loss below the demand zone, and a potential take profit at 107.97.
Key Factors:
✅ Presence of buyers in demand zone
✅ Trendline break & liquidity sweep
LMK your opinions in comments below! 🚀
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。