CADJPY H4 | Potential bullish breakout

Title
CADJPY H4 | Potential bullish breakout

Type
Bullish Breakout

Preference:
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.

Source: Tickmill

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CADJPY H4 | Potential bullish breakout

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