CAD/JPY - A perfect entry towards the demand zone!
Hi guys we are going to take a look at a great set up in the eyes of CAD/JPY.
So far we had a strong drop which targeted the lower support area which found some resistance which givesd us an indication that we would rebound from this point onwards.
We can see the strong support area at 106.800
Also we can see the strong demand zone which is going to be our target area at 108.500
And we can see a weak bottom at 106 area
Simple Technical analysis here.
Entry: 107.250
Target 1: 107.830
Target 2: 108.500
SL: 106.500
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
So far we had a strong drop which targeted the lower support area which found some resistance which givesd us an indication that we would rebound from this point onwards.
We can see the strong support area at 106.800
Also we can see the strong demand zone which is going to be our target area at 108.500
And we can see a weak bottom at 106 area
Simple Technical analysis here.
Entry: 107.250
Target 1: 107.830
Target 2: 108.500
SL: 106.500
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Trade closed: stop reached
SL reached. Monitoring the trade as we are currently sitting on the strong support area, will update you if we bounce up and you can re-enter the trade
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t.me/Capital55DG
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Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
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