Hello Traders!
CADJPY - could be a good buy opportunity, the overall bias is bullish, we do have a squeeze at the moment, but I believe the bullish momentum will take this trade further, and once it breaks the resistance this trade has huge potentiall to go much higher.
Obviously you can wait for a break of resistance and a pullback which would be a even more solid trading setup, however for those that are not that patient, can enter now and close a portion on resistance to manage risk.
CADJPY - could be a good buy opportunity, the overall bias is bullish, we do have a squeeze at the moment, but I believe the bullish momentum will take this trade further, and once it breaks the resistance this trade has huge potentiall to go much higher.
Obviously you can wait for a break of resistance and a pullback which would be a even more solid trading setup, however for those that are not that patient, can enter now and close a portion on resistance to manage risk.