Cad-jpy
CADJPY NEW UP TREND??CADJPY has entered a new up-trend last month and i really would like to see if they can hold it there! Right now this zone is looking very interesting, on a lower timeframe (1h/2h) looks bearish, but 4h still looking bullish! My opinion only. both scenarios that i'm looking for are explained in the image. i would much like to go with option A, if you ask me!
Leave your comment!! let me know what you think or if i miss something.
Setting Up For Breakout Trade From TriangleWe gotta breakout setting up as it is completing a triangle.
I want to see this breakout happen this week.
Both targets have been set for whichever direction it takes once it's ready for takeoff.
BULL TPS:
• 82.239
• 82.479
• 82.753
• 83.230
BEAR TPS:
• 81.523
• 80.926
• 80.640
Sell CAD/JPY | Dec 4, 2019Note: I said in the video that there is no significant data from Canada during NFP release, although employment data from Canada is gonna be released at same time but it will be ignored by the market. I have always seen that other economic data are ignored during release of NFP as traders predominantly focus on NFP.
CADJPY - FOREX - 27. NOVE. 2019Welcome to our weekly trade setup ( CADJPY )!
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1 HOUR
Bullish pressure without pullbacks
4 HOUR
Bearish waving market in upside wave right now.
DAILY
Overall bearish market in a pullback, great short entries!
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FOREX SETUP
SELL CADJPY
1ST ENTRY @ 82.060
2ND ENTRY @ 82.260
SL @ 82.630
TP @ 81.430
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
CADJPY May Go Up! Here is why...
CADJPY has recently reached a support line of a rising channel.
it looks like the market has respected 81.5 structure support and we see a buying reaction.
Pay close attention to a falling wedge pattern within the channel and buy the market in case of a bullish violation of the wedge.
Target levels will be 82.8 and 83.5.