Hello, fellow traders! Here we've got CADJPY trading in a triangle, between the two horizontal levels. It is clear when looking at the daily chart below. Current expected push upwards will then either end with the breakout of the resistance upwards>>long after pullback.
Or, continue narrowing the range firmly within the triangle with its eye on the breakout of the support downwards>>short after pullback.
This is the trading plan for CAD/JPY for now. I recommend you put alerts above both breakout levels, not to miss on either opportunity.
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