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Cadjpyforecast

CADJPY H1 LONG PRICE ACTION FORECAST The price action has shown a rally in the intraday, clearly in the overbought are by the RSI, and together with a clear bearish divergence, it shows that the pair might reverse before further upward movement. The pullback should reach the golden Fib level for a healthy correction, allowing the setup of a long entry as a limit. The order: Type: buy-limit S/L: 28 pips - R:R | 1:2 - T/P: as shown -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
CADJPY H1 LONG PRICE ACTION FORECAST Price has been trading within a hornet pattern from the D1 domain, currently under a correction to continue its further uptrend bias allows the placement of a long entry, expecting the pullback towards the fib golden level 50 to fill the limit order with the following characteristics. The order: Type: buy-limit S/L: 26 pips - R:R | 1:3 - T/P: high from fib extension tool -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
2
CADJPY, daily timeframe, Bearish Flag trade setupHello my friend, There is a nice trade setup in CADJPY which could give us a worthy RR. I notice a bearish flag on the daily timeframe of CADJPY. Price already broken below the support as well. Right now price retrace up to 61.8 fibonacci level and this is actually a nice area to try selling it. I am going to play patiently on this pair and waiting for price to retest until 79.55 area as there are 78.6 fibonacci retracement and 200-EMA on that place as well. I am setting a pending sell order for this pair. Sell CADJPY 79.55 Stop loss 80.25 Take profit 1 @78.70 Take profit 2 @77.85 Take profit 3 @77.00
Short
by HayatoDragonFX
CADJPY H1 LONG PRICE ACTION FORECASTThe Canadian dollar is showing a clear bullish bias across the board. Now, CADJPY at H1 is under consolidation, where expected pullback towards the 200MA to confirms an uptrend movement towards the resistance level. A buy setup is placed with the following features. The order: Type: buy-limit S/L: 30 pips - R:R | 1:2 - T/P: resistance level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
CADJPY H1 LONG PRICE ACTION FORECASTAfter the price reaching the ascending trendline, it got a rejection from the level, and it is currently struggling with a resistance zone. Now, expecting that price get enough momentum to break it on the uptrend bias, a buy order is placed with the following features. The order: Type: buy-stop S/L: 30 pips - R:R | 1:2 - T/P: aiming towards a confluence level previous swing high and ascending trendline -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
1
CADJPY H1 SHORT PRICE ACTION FORECAST Although MA's are about to form a triple golden cross, signaling an uptrend momentum, price action is currently retesting a broken ascending line, reason why if the price gets enough rejection, it could present a bearish opportunity with this pair. The order: Type: sell-stop S/L: 18 pips - R:R | 1:2 - T/P: aiming towards the support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
CADJPY H4 SHORT PRICE ACTION FORECAST Price structure has formed clear LH, compressing prices into the triangle formation. Trading below the 200MA allows the perfect setup for a short entry. The only concern is about the news release late at 10 pm (GMT+8), which can dramatically change the Canadian dollar's bearishness. Hold tight risk management in place. The order: Type: sell-stop S/L: 30 pips - R:R | 1:2 - T/P: support level from the channel rage -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
CADJPY H4 SHORT PRICE ACTION FORECAST With JPY under bullish influence across the board, the CADJPY pair has recently found rejection after the re-test of the broken ascending trendline. It was forming a candle pattern known as tweezer top at the resistance level, allows the setup of a short entry to capture the forthcoming downward movement in the pair The order: Type: sell-limit (entry after confirmation of pullback). S/L: 50 pips - R:R | 1:2.2 - T/P: target a previous level of confluence -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
CADJPY H4 LONG PRICE ACTION FORECASTPrice action is experiencing a downtrend momentum as correction, with MACD signaling a diminish bullish bias and about to form a sell signal for confirmation of short-term downtrend. Expecting price action to correct and get a rejection from previous resistance level to trigger a long order capturing the forthcoming bullishness, allowing a decent R:R towards the supply zone in confluence with the ascending trendline. The order: Type: buy-limit S/L: 45 pips - R:R | 1:2.7 - T/P: supply zone -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
CADJPY H1 LONG PRICE ACTION FORECAST -UPDATE-Yesterday the order got triggered. After reaching a certain level, half of the position was taken, and S/L moved to E/P for a free risk trade. After price correction, my S/L risk-free level was reached. However, the pair remains under bullish forces, so zooming in from H4 to H1, price structure shows a clear entry opportunity for a long setup, together with MACD crossing for a buy signal. The order: Type: buy-limit. S/L: 34 pips - R:R | 1:3 T/P: aiming towards a previous consolidation zone.
Long
by OGFXTRADER