Long

CADJPY Higher Low formed. Strong buy opportunity.

The CADJPY pair has formed a new Higher Low on the 4-month Channel Up pattern that started after the 2.5-year Channel Up bottomed its Bearish Leg on the August 05 Low. Being now below even the 1D MA50 (blue trend-line), this is technically a great buy opportunity.

The previous long-term Bullish Leg hit the 0.9 Fibonacci level before retracing, which gives us a 117.100 Target for Q1 2025.

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