CADJPJ (H4): LONG Opportunity Following this UPTREND!

Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis, support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!

This market is giving us a great opportunity! I suggest you to have a quick look on the "CADJPY" Daily Chart to understand with a different perspective the reasons of this market's movement.

You could check it out clicking the link here below:

Let's focus now on the area that interests us:

As we can see, since the end of December the price has been following a secondary ascending channel, it broke the channel's resistance and it reached an important main resistance zone.
Because of the strenght of this uptrend, there are high probabilities that the price will continue on the same trend, trying to reach the next resistance area.
ONLY IF THE PRICE will Bounce on the dynamic support of the secondary ascending channel, you might consider the following trade details (be aware about the price action around this resistance zone):

ENTRY POINT: 81.777
TAKE PROFIT: 82.789
STOP LOSS: 81.283
RISK/REWARD RATIO: 2

Stay tuned for updates!
What's your opinion? Share your idea writing a comment!

Trade Safe and Responsibly
Gianni