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Cadjpylong

CADJPY facing bullish pressure CADJPY is currently taking support from an ascending trendline. Price could pullback to 1st support which coincides with the 61.8% Fibonacci retracement before bouncing up to 1st resistance which coincides with the 100% Fibonacci extension. If prices fall further below our entry, then our stop loss can be placed just at the trend line where it coincides with the horizontal swing low support and the 61.8% Fibonacci extension. EMA is also below the prices, suggesting that price might be bullish and react off the EMA.
Long
by FXCM
6
CAD/JPY Potential Take Off To 85.07 Mark 🚀🚀🚀💡 Trade Idea 📈 CAD/JPY | Buy Order @ 84.26 🎯 Target Profit 85.07 🛑 Stop Loss 83.87 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price is posted a correction count after rallying yesterday. This selloff stalled near the daily support where we have the 50% Fibonacci retracement level. the confluence zone might lead to a move upward to the 85.07 mark. ------------------------------------------------------------------------------------- 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
6