CAD/JPY Analysis, Chart, and Trading Idea

Analytics for CAD/JPY Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending wave structure

Stop-Loss: 98.60

Target price levels: 100.00, 101.75