CADJPY Bullish Scenario + Detailed Analysis

CADJPY broke out of this accumulation pattern last week and is now re-testing and forming a bullish flag. The 200 & 50 ema's have also crossed on the 4 hour which signals a trend shift. I displayed on the chart how the impulses are each 200 pips +-. This was used to show the projection of the next impulse. Potential targets based on this analysis are 78.560 give or take.

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Kommentera:

Still at our entry level