Cadjpyforecast
CAD/JPY BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
CAD/JPY: Day-Swingtrade-Preparation
Market-Buy: 86.800
Stop-Loss: 86.050
Point of Risk-Reduction: 87.460
Take-Profit: 88.845
Stop-Loss: 75 pips
Risk: 0,5%-1%
Risk-Reward: 2,80
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Peace and good trades
Irasor
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Hi Traders Possible Bullish Continuation on CAD/JPYHi Traders
CAD/JPY (H4 Timeframe)
A high probability, entry to LONG is forming @ 85.083 after the market found support @ 83.588. Only the downward break of 83.588 would cancel this bullish scenario.
Trade details:
Entry: 85.083
Stop loss: 83.588
Take profit 1: 85.965
Take profit 2: 87.460
Take profit 3: 89.897
Score: 8
Strategy: Bullish Breakout
CADJPY – Nice BIG shifting of direction is happening!If you’re following my analysis, maybe maybe you guys are already bored with this, .. and I don't know how many times I've said it,.. but I want to say it once more,.. just be careful,.. the direction is starting to shift now,.. We are already seeing some nice shifting of direction these past 2 days and I’m expecting this to continue for a very long term.
The way the market move recently is a typical move and structure that I recognize to repeat itself and play over and over again. All risk currency keep going higher and higher in a corrective structure. Evenmore, they break significant inflection point area in daily timeframe just to retrace back impulsively like this. This is a common price move to catch more and more people on the wrongside of the market before the big real move start to happen. I do believe starting from now we will start to see a risk-off mood across all currency pairs, and when it does play, CADJPY is surely one pair that we must keep an eye for.
In this pair, we can see a really nice ascending structure in multi high TF and it already showing us a nice rejection from the top of it.
I will wait for any break of continuation flag structure (minimum in H1 TF) to confirm the move to the downside.
I will just let the target open while trailling sl along the way as the market start to give a momentum. Lets see how far can this pair go.
On another hand, eventhough I see it as a least probable outcome, if the price break above the 25th February high at 85.100 area, it will nullify this forecast and I will wait for the market to shows it hand first by forming a better structure to see.
For now, let’s see how will this pair develop, good luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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CAD/JPY Time for a reversal?Hi Traders
CAD/JPY (H4 Timeframe)
A medium to high probability, entry to go SHORT is forming @ 83.071 after the market found resistance @ 83.928. Only the upward break of 83.928 would cancel this bearish scenario.
Trade details:
Entry: 83.017
Stop loss: 83.928
Take profit 1: 82.480
Take profit 2: 81.569
Take profit 3: 80.084
Score: 7
Strategy: Bull Trap
CAD/JPY Retraced, Chance To LongI'm already long on this since 82.360, there were posts made when price was at that level. But if not in the trade there is now an opportunity for a smaller trade. Price has retraced to a support level and if it rejects then longs can be entered up to the same target price as mentioned in previous posts of 84.571. SL just below support and 0.5 Fibonacci