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Cadjpylong

Buy on Support but wrong SL or TriggerThe 4H TF is bullish so I patiently waited until a pullback. Then I plotted support and bought when price touched it. Of course I didn't forget buying when the stochastic crossed on the lower TF (1HR) which was my trigger entry. Stop loss was set at -15 pips All that and I still got stopped out before price magically went my way. Nothing more frustrating sometimes. Maybe I should have set the SL wider or my trigger is wrong. Perhaps I should have waited until a bullish candlestick (That bullish engulfing two hours ago) The only good thing here is that my analysis was correct. I just didn't profit from it :)
Long
by jrebong
CAD/JPY Is About To Rally 🚀🚀🚀💡 Trade Idea 📈 CAD/JPY Buy Market Order @ 90.19 🎯 Target Profit 90.50 🛑 Stop Loss 90.04 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck! Description: The pair is trading inside bullish flag where it is heading toward an area of confluence. This zone is made by a strong support, the 50% Fibonacci retracement level and the lower end of the channel. Further upside could be seen toward the mentioned target profit. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Long
by CollegeofPips
CAD/JPY Is About To Launch Its Rocket 🚀🚀🚀💡 Trade Idea 📈 CAD/JPY Buy Limit Order @ 90.16 🎯 Target Profit 90.76 🛑 Stop Loss 89.96 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck! Description: The pair is trading inside a bullish flag formation where the pair is heading toward the area of confluence which is made by a strong support, the 38.20% Fibonacci retracement, and the lower end of the flag. This could lead to a rally toward the target profit. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Long
by CollegeofPips
2
vTechnical Analysis: The price is trading inside a bullish flag formation where the pair is moving to the downside by retracing toward the area of confluence. This zone is made by the 38.20% Fibonacci retracement level, the support, and the lower end of the channel. This could cause a huge move to the upside toward our target profit. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 90.16 Take Profit @ 90.76 Stop Loss @ 89.96 Trade Safely 🙂
Long
by Forex-Robot-Nation
CAD/JPY | Potential Upward Movement 🚀 Technical Analysis: The price is trading inside a bullish flag formation where the pair found buyers around the 61.80% Fibonacci retracement level and led to a breakout of the flag formation to the upside. Now the price is stuck above the highlighted zone where we could see a rally again toward the target profit. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 89.97 Take Profit @ 90.63 Stop Loss @ 89.69 Trade Safely 🙂
Long
by Forex-Robot-Nation
CADJPY - Bullish BiasCAD - BULLISH 1️⃣ The Bank of Canada (BoC) held its interest rate unchanged at 0.25% during the April meeting, as widely expected, however, the bank said it will adjust weekly net purchases of Government of Canada bonds to a target of CAD 3 billion from CAD 4 billion, effective the week of April 26. 2️⃣ Oil prices rose on Monday after a major cyberattack forced the shutdown of fuel supply pipelines in the US. JPY - BEARISH 1️⃣ A modest pick-up in US Treasury yields could undermine the JPY. ===== Technical ===== We are buying the CADJPY on support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
CADJPY - BULLISH BIAS===== MARKET OUTLOOK ===== CAD - BULLISH 1️⃣ Faster vaccine roll-out in Canada may keep fueling hopes of a faster exit from current restrictions and offsetting the negative impact of deteriorating data flow. 2️⃣ Oil prices jump as much of vital pipeline remains shut down following cyberattack. 3️⃣ Bank of Canada was the only central bank to tighten in April. JPY - BEARISH 1️⃣ Japan's extended state of emergency over the coronavirus pandemic till the end of May. 2️⃣ Good momentum in global equities continues. ===== TECHNICAL ===== We're looking to long this pair on RBS level + SMA50 area on H1 chart. ===== RISK TO THIS TRADE ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
CADJPY facing bullish pressure | 03 May 2021Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension . If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci retracement and 161.8% Fibonacci extension . EMA is also below prices, showing a bullish pressure for prices.
Long
by FXCM
4
CADJPY facing bullish pressure | 03 May 2021Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension. If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci retracement and 161.8% Fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.
Long
by FXCM
1
CADJPY facing bullish pressure, potential for further upside!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension. If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci retracement and 161.8% Fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.
Long
by TradeGATEHub