We will be interested in taking an intraday long position on CADJPY
Reasons:
1. Prior consolidation before strong up move, shows hidden buying activities at this region - buyers will be likely to defend their positions at this level
2. Pinbar rejection candle as highlighted by the red arrow – shows aggressive buying activities and rejection of lower prices
3. Prior resistance turned support level
Our Trade Setup will be:
EP: 82.44
SL: 82.24
TP: 82.64
20pips TP/SL
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Reasons:
1. Prior consolidation before strong up move, shows hidden buying activities at this region - buyers will be likely to defend their positions at this level
2. Pinbar rejection candle as highlighted by the red arrow – shows aggressive buying activities and rejection of lower prices
3. Prior resistance turned support level
Our Trade Setup will be:
EP: 82.44
SL: 82.24
TP: 82.64
20pips TP/SL
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade closed: stop reached
Trade was stopped out.
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.
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.