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Cadjpyforecast

CAD/JPY SETUP Sell & BuyChart is an expectation of market setup via harmonics. Also good to observe that market formed a double top between A and C which is considered a sell signal. Market already selling from/on target C. You can join the sell to D as there still money to be made. There may be some retracement up before market gets to D. This will be good for entry to D; * Chose your entry point wisely via indicators, etc. * Note - Sell TP2 at target D in pattern. If market hits target D then; * buy breakout to upside. * Note - TP1 on buy = TP1 on sell Considerations on where to collect profit; * Pattern completion can sometimes be annulled after TP1 of sell from target C. * Pattern D breakout can sometimes finish its run at TP1. DISCLAIMER; Trading carries risks, ideas are for guideline purposes only. Do set stop losses when trading & be generous with how much room allow for candle wicks. There is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. * Do check related ideas below for those I've guided.
by Dani0
#CADJPY rise has come to an end?We think that the recent advances in cadjpy have come to an end for several reasons 1. The previous weekly candle is a Doji candle that means it can indicate a reversal of a trend. 2. The price of cadjpy is currently close to resistance called Senkou Span (Ichimoku indicator) 3. In the daily chart, the cadjpy rose until it touched a moving average 200 and failed to break above it and started to fall a sign of weakness Sell CAD/JPY: Entry Price: 84.17 Stop Loss: 84.65 take Profit: 83.00
Short
by xosignals