BUY!!! CADJPY HAS REACHED A WEEKLY AND DAILY INTEREST ZONE
HELLO TRADERS, I AM CURRENTLY INTERESTED IN CADJPY FOR THIS WEEK I HOPE YOU LIKE THE IDEA AND COMMENT WHAT YOU THINK.
TECHNICAL ANALYSIS
CONFLUENCE FOR PURCHASE AT THE MOMENT
1.- bullish weekly time frame
2.- bullish daily time frame
3.- Bullish 4 Hr time frame
4.- rejection of the last weekly structure point
5.- rejection of weekly interest zone
6.- rejection of psychological number 108,000
7.- rejection of the last daily structure point
8.- daily EMA rejection
9.- rejection of daily interest zone
10.- daily rejection candle
11.- rejection of the last point of structure 4 Hr
12.- rejection candle 4 Hr
why do I like it?
Do not complicate your life by making very extensive meaningless analyses, this is easy and simple, operate with logic and common sense.
The price is respecting a weekly and daily interest zone that has been rejected repeatedly in the past.
Clearly we see that the weekly chart is bullish as the structure of the weekly chart has changed from bearish to bullish (note that the lower high of September 2 has been broken) and following that it is retesting above this lower high and has been respected. The daily chart is bullish as it has broken the previous higher high (note the high of September 26 and 27) following that the price has retested this higher high and has been respected (note the daily candles with strong breaks and the daily bullish rejection candle from yesterday October 13) we also have a rejection of the daily EMA 50. And the psychological number 108,000 has been rejected attracting buyers at this strong level.
I will wait again for the 108,000 test and an entry confirmation to enter long, keep an eye on this pair.
If you like the idea, comment, I will respond to suggestions and comments!
TECHNICAL ANALYSIS
CONFLUENCE FOR PURCHASE AT THE MOMENT
1.- bullish weekly time frame
2.- bullish daily time frame
3.- Bullish 4 Hr time frame
4.- rejection of the last weekly structure point
5.- rejection of weekly interest zone
6.- rejection of psychological number 108,000
7.- rejection of the last daily structure point
8.- daily EMA rejection
9.- rejection of daily interest zone
10.- daily rejection candle
11.- rejection of the last point of structure 4 Hr
12.- rejection candle 4 Hr
why do I like it?
Do not complicate your life by making very extensive meaningless analyses, this is easy and simple, operate with logic and common sense.
The price is respecting a weekly and daily interest zone that has been rejected repeatedly in the past.
Clearly we see that the weekly chart is bullish as the structure of the weekly chart has changed from bearish to bullish (note that the lower high of September 2 has been broken) and following that it is retesting above this lower high and has been respected. The daily chart is bullish as it has broken the previous higher high (note the high of September 26 and 27) following that the price has retested this higher high and has been respected (note the daily candles with strong breaks and the daily bullish rejection candle from yesterday October 13) we also have a rejection of the daily EMA 50. And the psychological number 108,000 has been rejected attracting buyers at this strong level.
I will wait again for the 108,000 test and an entry confirmation to enter long, keep an eye on this pair.
If you like the idea, comment, I will respond to suggestions and comments!
Comment
My analysis has been done perfectly, it is easy to look at the weekly and daily time frames and see that they are bullish, all you have to do is go with the flow and continue with it, previously I said that the price would look for the test of the psychological level 108,000 where buyers could appear and so it happened I will add a new confluence to my list of confluences on the 4 Hr chart that was bearish has now become bullish, which gives us a total of 3 time frames in tune (weekly, bullish and 4 hr) I will wait for a setback again to enter the market in purchases if my entry signal is given at 30 M
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.