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Cad-jpy

CADJPY on a double top? 🦐CADJPY tested twice the weekly resistance area. The price, which is moving between 2 structures in a range, after the last rejection created a minor ascending channel. According to Plancton's strategy, if the conditions will be satisfied we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
26
CADJPY hit a monthly trendline 🦐CADJPY has reached the monthly descending trendline. The price is testing the support trendline. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
14
The rise of CADJPY continuesSince the beginning of November last year, we have an upward movement of H4 at CADJPY. Earlier this week, the price reached its high points from December, testing and holding them without being able to break them. Before making a new attempt we see that a triangle is formed on H1, which is broken and now with new forces it will try to break the previous peak! An additional confidence that it will succeed is the fact that we see higher bottoms all the time! In case of a break we expect the price to reach: 82.30 82.50 83.40 If you do not engage in the break, you can wait for a test of the already broken peak. If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Long
by ForexTrendline
2