#CADJPY, Critical areaOur signal is buying even though the trend is down.
We're on support at 79.67 so the Stop loss can be very close.
The Low Level Stochastic with Oversold Cross Lines.
Target: 81
Cadjpybullish
CADJPY in Retracement MoveBismillah
For the bigger timeframe, i would like to say that this pair is currently start moving up and uptrend will in surge. However, in the lower timeframe, which is TF H4, there is a valid signal that a minor retracement trend will be taken place. It can be clarified by price successfully breaking up the lower trendline of TF H4, and also close below the support of the latest support line.
So it is a hold for those who are trade this pair before take the decision of Buy. For me, it is simple. I will wait for the minor retracement exhaust and start back to buy whenever signal is popping up.
My signal entry is very easy and clear, which is i will instantly enter whenever Bullish Engulfing formation is being formed. Thank you
AUDJPY // CompraTe dejamos ésta idea de trading para que la disfrutes. Es esencial que esperes a la zona de entrada para asegurar un mayor beneficio y respetar nuestro Stop Loss. Nuestra estrategia es confidencial por un alto grado de fiabilidad, abajo encontrarás nuestros medios de contacto.
Riesgo Beneficio 1:3
Espera el movimiento, entra en la operación y disfruta tu ganancia. Con nuestro grupo privado damos estructura, zonas de compra y venta y todos los patrones que utilizamos para entrar en una Operación Segura.
Para más información, visitanos en Instagram como: Mentalfxacademy.
READY TO CATCH SOME PIPS ON CADJPY?Good buy opportunity on this pair.
I have marked the entry, stop loss and take profit.
Capital risked: 1%
Risk to Reward - 1:2
Be alert and pay attention to the simplicity and similarities in the setups. Your mind is a sucker for habit so you can turn your technical analysis into one.
Happy trading all! :)
Malika K
BuyIMPORTANT
use position size calculator, do not risk more than 1%
move SL slightly below 2-day low as soon as new D1 candle closes
CADJPY testing support levelsRespected followers, as we can see that CADJPY is testing its support levels 3rd time. On the current level we can assume that market will go up from here to defined take profit.
#cadjpy still down forecasthi again , lets work harder see the result we hope forecast goes well as we see
CADJPY Break OutCADJPY on the daily time frame has a nice break out from its resistance and the trading channel. For possible resistance levels we have to go back in time, back to 2015 to be exact. The resistances that you see are based on CADJPY trading ranges from 2015 and the last time that CADJPY traded between 92 and 102. Giving the recent rate hike and the more than decent economic data the strength of CAD is growing and it will try to reach 100 again.
The only thing that can spoil this CAD bull party is North Korea, as you all know JPY always gains some strength during North Korea events. But thats an uncertain factor and for our analysis we look at the charts and the indicators. Just use a good stop in case of any sudden North Korea action.
Possible push higherAs seen on the graph represented for you, the 2-hr ascending trend line has still been intact. Whenever it has broken a consolidation, it has allowed to push higher... then back to consolidation before any push higher.
Due to the recent events of the Bank Of Canada wherein it has applied a rate hike after years of keeping the rates intact, the Canadian Dollar has strongly pushed higher on several of its Forex pair despite the slow recovery of the Crude Oil (WTI and Brent).
CADJPY resistance become supportopening : 77.83
takeprofit : 78.86 (103pips)
stoploss : 77.38 (45pips)
R/r ratio : 2.09
