CADJPY Bullish Analysis on the Daily Timeframe by ThinkingAntsOk

2019-12-17 18:52:32

Use this as a guide to develop your view:

Main items we can see on the chart:

a)The price is inside an ascending channel (main bullish structure)
b)Inside the Channel, we can see a pennant pattern (continuation structures)
c)After the pennant pattern was broken with an upward move, our "Long" view was confirmed
d)Currently, we expect a continuation of the bullish movement, respecting the Main ascending channel, Towards the Bullish Daily Target
e)Pay Attention to the Fibo levels; the price can react there as well

Weekly Vision:
https://www.tradingview.com/x/Q1DFOKFb/