CADJPY H4 | Potential bullish breakout

Title CADJPY H4 | Potential bullish breakoutType Bullish BreakoutPreference: The price could continue to rise and breakout of pivot at 110.322, the swing-high resistance aligning with 23.6% Fibonacci retracement. Then it could continue to rise to 1st resistance at ...

CADJPY H4 | Potential bullish breakout
TitleCADJPY H4 | Potential bullish breakoutTypeBullish BreakoutPreference:The price could continue to rise and breakout of pivot at 110.322, the swing-high resistance aligning with 23.6% Fibonacci retracement. Then it could continue to rise to 1st resistance at 110.962.Alternative scenario:It might fall to the 1st support at 109.602, the swing-low support.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.