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Cadjpyforecast

CADJPY, 4hr timeframe, bullish divergence with flag patternHello my friends, Today I saw some good setup on CADJPY. This pair currently in bullish trend after it broken through 80.00 psychological resistance and goes to 80.90 level, it finally exhaust and then come down for a breather. In my opinion, price made a bullish flag pattern during it downwards movement. Price then finally broken above the resistance and currently retesting it as a support. I think we could see some more upwards movement from this pair as there is also bullish divergence on stochastic. Buy CADJPY 80.20 Stop loss 79.80 Take profit 1 @80.60 Take profit 2 @81.00 Take profit 3 @81.40 Use proper risk management Only risk 1-2% of your equity Disclaimer: I've been buying CADJPY since 80.20 Good Luck
Long
by HayatoDragonFX
2
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