CAD/JPY we reached bottom levels , great time to collect value!
Hi guys we are going to take a look at the CAD/JPY Pair!
Technical analisys -
Currently the pair has reached a bottom level around the 101 zone whichwe can see big support from buyers, additionally the MACD is finishing a down turn momentum formulating a cross over towards an Ascending Channel , the RSI is sitting at neutral / oversold areas on 2H and 4H timeframes
Fundamentals - We are still looking into the monetary policy overlooeked from BoJ and additionally the expected economical data from Canada in the eyes of strong Retail Sales.
📌 Trade Plan
📈 Entry: 101.400
✅ Target 1 : 102.200
✅ Target 2 : 103.100
❌ SL: 100.500
R/R is 1:3
Technical analisys -
Currently the pair has reached a bottom level around the 101 zone whichwe can see big support from buyers, additionally the MACD is finishing a down turn momentum formulating a cross over towards an Ascending Channel , the RSI is sitting at neutral / oversold areas on 2H and 4H timeframes
Fundamentals - We are still looking into the monetary policy overlooeked from BoJ and additionally the expected economical data from Canada in the eyes of strong Retail Sales.
📌 Trade Plan
📈 Entry: 101.400
✅ Target 1 : 102.200
✅ Target 2 : 103.100
❌ SL: 100.500
R/R is 1:3
Trade active
1st target has been reached quite quickly! We are looking for reaching our 2nd destination!Trade closed: target reached
Trade has reached target! Congratulations to everyone who participated. We collected 170 pips with this great trade.
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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.
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
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.