CADJPY | The Next Swing High | ~300+pips

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CADJPY | The Next Swing High | ~300+pipsCAD/JPYOANDA:CADJPYNathanl19The likeliness of seeing a 300+ pip move is pretty high. Read below for a detailed analysis on why price will continue higher before we may see another major sell-off. EXTERNAL STRUCTURE The external structures have been making healthy Higher Lows and Higher Highs indicating a strong trend towards the upside. UP CHANNEL Solid up channel capturing the obvious trend which isn't perfect. As you can see we have a few fake-outs around 107.3 but overall holds up on the long term. LIQUIDITY ZONES These liquidity zones offer another layer of confluence that was once levels of resistance and now act as support confirming a continuation towards the upside. Long entries are better above ~114 depending how your strategy works, stay safe.