CADJPY Eyes Key Breakout Zone at 106.00 🔍
CADJPY is approaching a well-tested resistance area, with price reacting multiple times to this zone in the past, as visible on the left side of the chart.
To confirm a potential bullish wave, the pair needs to decisively break above the 106.00 level.
Without a clean breakout, the setup may remain uncertain or take an alternative path.
🎯 Key Upside Targets: • 106.40 • 106.70
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CADJPY is approaching a well-tested resistance area, with price reacting multiple times to this zone in the past, as visible on the left side of the chart.
To confirm a potential bullish wave, the pair needs to decisively break above the 106.00 level.
Without a clean breakout, the setup may remain uncertain or take an alternative path.
🎯 Key Upside Targets: • 106.40 • 106.70
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Note
Note
It reached 106.32Note
📣CADJPY -UpdateAfter the price crossed our 106.00 zone, the bullish momentum increased pushing it further to 106.32 or +32 pips in profits
The First target was missed by 8 pips.
If you have closed some small profits this way on low volume, well done :)
However, the setup remains valid and if the price moves above 106.00, chances are it will rise again. Everything remains as before, but a little more complex.
Trade closed: target reached
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.