CADJPY - 1D - Trend Analysis (01/26/2020)

Hi Guys! I usually trade using several oscillators/indicators which follows an algorithm on a daily time frame. For this trade idea, I will be sharing my chart analysis using price action (Fibonacci retracement, trend lines, and zones). As seen on the daily chart, it's still testing the zone and the 23.6 fibo level before we can confirm that it will bounce way back up.

We will be conservative with our TPs. We can use the zones above as our TP levels.

Cheers to all! Be wise and patient! Never give up on trading, it will hone your talent and character.

Kudos!