CAD/JPY Price Action Analysis for Monday

Currency the price of CAD/JPY is on the trend-line Support .

There are 2 Possibilities here -

1)If the price breaks the trend-line at 1 , you can go short till the Key Support 1 .

2) If the price reverses at the trend-line 1 , take a long position till Key Resistance 2.

This analysis has be done on a 4H chart . So plan your Lot Size , T.P and S.L accordingly .

I would advice if you have a 1K account . You can go with a 0.1 -0.3 lot size . ( Do not open too many positions )

Good Luck My friends !

Please Like and Comment if you take a trade .