CADJPY is currently hovering around a major weekly support zone that has repeatedly acted as a key turning point over the past few years. 📊

📌 As long as this macro support continues to hold, we will be looking for trend-following buy setups.

This area has consistently attracted buyers in the past, making it a high-probability zone to monitor. Rather than buying immediately, we will wait for bullish price action confirmation before considering long positions.

A successful defense of this support could trigger another bullish leg, while a confirmed breakdown would invalidate the bullish outlook and shift the focus elsewhere.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr