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Cadjpybuy

CADJPY-BUY strategy - Long TermThis is a long-term strategy. We got a great looking DOUBLE-W formation, and it has reacted correctly by going lower first on the right side part of the pattern. we have support 89.95 and this is the level to abort when moving beyond that point. The strategy is to BUY current 90.40 area for a move to 95.00 above. The neck line is somewhat 91.96 for now, and the stop-loss place it below 89.75. The position may take some time to be profitable since it's a long-term objective.
Long
by peterbokma
EWT: CADJPY Preparing for 93.84Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)). Wave Formations: Wave ((1)) - Leading diagonal - Formed on extreme low - Termination sub-wave 5 is smaller than 3 Wave ((2)) - Zigzag - 50% of wave ((1)) - Ended near the sub-wave 4 of an impulsive wave. Wave ((3)) - Impulse (Five wave move) - Extended 2.618% of wave 1 Wave ((4)) - Running triangle/running flat - 38.2% of wave ((3)) - Ended above wave (b) Wave ((5)) - Wave ((1)) was a leading diagonal, so wave ((5)) can't form as a diagonal. It will be an impulsive wave. - Wave 3 can end near 161.8% of the 4th wave at 93.492. - Wave 1= Wave 5 at 93.765 - Wave 5 can complete after touching the parallel channel at 93.849. We can expect the following targets: 91.46-92.29-93.849
Long
by forextidings
7
CADJPY ANALYSIS AND TRADE IDEA - SELL TO BUYHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ On the Monthly we are bullish with an ICI to the upside which the market is currently retesting the previous resistance turns support once we see a close above the support we can see a continuation to the upside. Dropping down on the Weekly we have an over extended W formation where we can see a retracement to the neckline or the wick of the candle, we will base our take profit for this weekly trade on the impulse. On the Daily we are also testing previous resistance turns resistance due to the closed below the structure, EMAs are about to cut for short though MACD still is above the 0. Trade Signals SELL Entry: 90.832 Take Profit: 87.880 (295 pips) Stop Loss: 91.775 (94 pips) ===================== BUY Entry: 87.906 Take Profit: 95.263 (735 pips) Stop Loss: 86.755 (115 pips) Good luck! Trade wisely, please do proper money management. ~FX_SHIFTER
by fx_shifter
1