CADJPY-Breakout Sparks Upward Momentum: Wave (3)/(C) in Focus
Hello Traders,
Here is my analysis of CADJPY currency pair.
The pair was confined within a sideways price action channel, characteristic of the corrective wave phase. Subsequently, it has broken out of this channel.
What to Expect:
We anticipate further upward movement, progressing through the sub-waves of wave (3)/(C). The projected target for this upward wave is a minimum of 116.006.
These indicators suggest a strong potential for continued upward momentum. I will closely monitor the price action, as the breakout from the price channel has increased my confidence in the persistence of the upward trend.
What are your expectations on this pair?
Here is my analysis of CADJPY currency pair.
The pair was confined within a sideways price action channel, characteristic of the corrective wave phase. Subsequently, it has broken out of this channel.
What to Expect:
We anticipate further upward movement, progressing through the sub-waves of wave (3)/(C). The projected target for this upward wave is a minimum of 116.006.
These indicators suggest a strong potential for continued upward momentum. I will closely monitor the price action, as the breakout from the price channel has increased my confidence in the persistence of the upward trend.
What are your expectations on this pair?
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.