Cadjpyforecast
CADJPY Potiential Buying Opportunities- Multiple time frame confluence (bullish trend on each time frame in current swing).
- Break of pivotal zone and push above.
- Currently pushing bearish trend line on the monthly/weekly time frame.
If price breaks, closes above and retests this key trend line, I will be looking for long opportunities.
cadjpyWhile CAD/JPY rates are still hovering below resistance that is constraining a breakout.it’s too soon to say that the CAD/JPY bullish breakout attempt has been denied. It remains true that clearing 81.58 and 81.91 would be strong indications that CAD/JPY rates were embarking on an earnest bullish breakout attempt… CAD/JPY rates are starting to regain bullish momentum.While the CAD/JPY chart suggests more patience is required, traders should be on alert for another attempt at parallel channel resistance in the 81.58 to 81.91 zone in the next week or two.
CAD/JPY BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
CAD/JPY: Daytrade-Preparation
Buy-Limit: 80,000
Stop-Loss: 79,820
Target 1: 80,150
Target 2: 80,270
Target 3: 80,450
Stop-Loss: 18 pips
Risk: 0,5%
Risk-Reward: 2,75
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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