CAD/JPY The Most Important Levels Explained
In this analysis I will go over the most important support and resistance levels on CAD/JPY and explain how you can use them to earn some nice profits.
Here on CAD/JPY we can find four important levels. The proof is in the pudding, so if you want to understand the success rate just look at my previous idea here on CAD/JPY using these levels where I used them for a successful trade:
Right now the price is moving towards the lowest of the four levels and found support there a few times before. The last time resulted in a sharp rejection with just the wick touching the support.
This is a very strong confirmation signal that the support is still very valid. I expect the price to go slightly lower again and want to use that opportunity to get a good entry in to maximize our risk-reward.
After the price has reached the support again and followed a rejection once more, at least that is the scenario we are going to try to monetize here, we can go in for a long and try to hold it to the second level resistance.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Here on CAD/JPY we can find four important levels. The proof is in the pudding, so if you want to understand the success rate just look at my previous idea here on CAD/JPY using these levels where I used them for a successful trade:
Right now the price is moving towards the lowest of the four levels and found support there a few times before. The last time resulted in a sharp rejection with just the wick touching the support.
This is a very strong confirmation signal that the support is still very valid. I expect the price to go slightly lower again and want to use that opportunity to get a good entry in to maximize our risk-reward.
After the price has reached the support again and followed a rejection once more, at least that is the scenario we are going to try to monetize here, we can go in for a long and try to hold it to the second level resistance.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Related publications
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.
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Related publications
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.