CAD/JPY Bullish Leaning W

2 min read
Davinwu

Davinwu

Forex broker

Dear Traders,

The CAD/JPY has formed a clear bullish swing above the POC zone. A retest of the zone might show fresh buyers

79.90-80.00 [D L3, 1/8, Cluster Order Block Zone] is the POC zone. Any pullback within could be used for fresh buying. 1h or 4h close above 80.40 [D H3, W H4] will show a continuation of bullish momentum with extended target 80.30 W H5. A Type II “Leaning W” pattern on H1 hints for more bullish momentum ahead. For this analysis to be valid, price should not close below 79.50.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Davin Wu aka AmbitionFX
Elite CurrenSea

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