mql5

CAD/JPY H4: bullish reversal. This pair is on ranging market condition located to be inside Ichimoku cloud within 82.55 resistance and 81.35 support levels waiting for direction. There are 3 simple scenarios for the price movement for the week:

• bullish trend to be started in case the price breaks 82.55 resistance,
• bearish reversal in case the price breaks 81.35 support,
• or the ranging will be continuing within the levels.

Chinkou Span line is located below the price and directed us to the possible bearish reversal.

Resistance	Support
82.55	81.35
83.66	79.25