CAD/JPY LONG

Price broke past downwards trend line which had contained price below it. Price also broke impulsively past weekly support starting a bullish rally which was contained by weekly resistance at 83.60 level .Price has retraced to the 50.0 fib level at the price of 82.00 also retesting the broken counter trend line.A bullish engulfing candlestick also appears on the h4 time frame. A break of the counter trend line could see price rallying to previous highs at 83.60 before pushing to 84.00 level. Position taken only if price breaks and closes past counter trend line.