CAD/JPY Technical Analysis - bullish market condition with the ranging on the bearish reversalon
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, 05-19-2016 at 02:30 PM (888 Views)
Daily price is located near and above Ichimoku cloud for the bullish market condition with the ranging on the bearish reversal.
If H4 price will break 82.63 support level so the bearish reversal of the daily price movement will be started.
If H4 price will break 85.44 resistance level so the primary bullish trend will be continuing.
If not so the price will be ranging within the levels.
Resistance Support 85.44 82.63 88.78 81.69
- Recommendation for long: watch close price to break 85.44 for possible buy trade
- Recommendation to go short: watch price to break 82.63 support level for possible sell trade
- Trading Summary: ranging