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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 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
5
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.. __________________________________________________________________________________________________________________________________________________________ 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. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
6
CADJPY | Perspective for the new weekWith a successful break above Key level @ Y82.150, the potentials leading to new higher highs becomes very likely as I look forward to a correction phase in the next couple of weeks before the new rally begins! Tendency: Uptrend ( Bullish ) Structure: Breakout | Channel | Supply & Demand Observation: i. The long term perspective of the CADJPY has been Bullish since mid-last year before price action got caught within a Channel. ii. Channel has been respected since the beginning of the year (2021) before a successful Breakout happened during the course of last week trading session. iii. The Y82.150 area that has been a Supply zone for the last four weeks finally surrenders to buying pressure last week. iv. This Breakout is a sign that Buyers have begin to gain momentum has Sellers give in with the hopes of waiting for a good price to sell. v. Considering the character of price during last week trading session; I expect to see a Corrective phase that will channel price into a good Buying zone around Y81.400 and Y82.200 (represented with Buy Window I and II on the chart). Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:5 Potential Duration: 6 to 12 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
4