Wednesday, December 8, 2021

CADJPY: BREAKOUT OF BROADENING WEDGE, SIGN OF BULLISH BIAS?

CADJPY: BREAKOUT OF BROADENING WEDGE, SIGN OF BULLISH BIAS?

Canadian Dollar/Japanese Yen FX:CADJPY

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Hello Enthusiast Forex Traders! Here's short-term outlook for CADJPY , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)

CADJPY is breakng out of the descending broadening wedge pattern. Breaking out of the pattern may indicates a potential bullish bias ahead. The momentum indicator starts crossing up toward the zero level area, it could indicate a stronger momentum going upward in the near future.

The roadmap will be invalid after exceeding the support/target area.

DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.

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source https://www.smartmoneymanagement.info/2021/12/cadjpy-breakout-of-broadening-wedge.html

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