CADJPY approaching support, potential bounceCADJPY is approaching 80.927 where it could potentially rise further to 81.244.
A break above our upside confirmation could see a bullish acceleration to our first resistance target. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Cadjpylong
CADJPY still bullish 🦐CADJPY after the break of the range between the 2 daily structures has moved in a higher high higher low.
The market is now breaking the daily resistance and we can expect a move till the upper monthly discending trendline.
IF the market will close above the daily structure we can set a nice long order according with Planctons strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
CAD/JPY BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
CAD/JPY: Daytrade-preparation
Market-Buy-Order: 80,900
Stop-Loss: 80,625
Target 1: 81,185
Target 2: 81,325
Target 3: 81,590
Stop-Loss: 27,5 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,45
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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CADJPY - trading idea for todayMorning everyone!
This is one of the setup i have for cadjpy
Im looking for today retracement towards the purple area then a bounce from there to go upside even further.
If the retracement doesn't happen, then i shall wait for a breakout above the grey area before entering a trade upwards.
Thank you!
Cheers and stay safe!
Nicely cute signal for CADJPY buyersI would expect an increase in price for CADJPY, Let's see what will happen.
...Take it into the consideration anything can be possible to happen, if it breaks down the support level this idea would be failed.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
Long Position on CADJPY 4H Hello Traders!
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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