Cadjpylong
CADJPY longSetting up nicely after bouncing off of diagonal support. Double bottom at diagonal. Likely another pullback before it continues north. Waiting for dip.
#cadjpy an asymetric triangle and a pin bar formation..cadjpy?with the formation of an , triangle pattern and a pin bar formation as well, cadjpy is expected to rise through the line A AND CONTINUE the upward trend to a point p of target.
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CADJPY appraoching resistance, potential reversal! | 20 May 2020Price is approaching our resistance in line with our 127.2% fibonacci retracement and 161.8% fibonacci extension where we could be seeing a reversal below this level to our first support level. Attached is the written version of the analysis so do check that out as well and let us know what you would like to see next!
Entry: 77.982
Stop Loss: 78.603
Take Profit: 76.506
CADJPY appraoching resistance, potential reversal! | 20 May 2020Price is approaching our resistance in line with our 127.2% fibonacci retracement and 161.8% fibonacci extension where we could be seeing a reversal below this level to our first support level . Attached is the video analysis so do check that out as well and let us know what you would like to see next!
Entry: 77.982
Stop Loss: 78.603
Take Profit: 76.506
CADJPY reversed from resistance, potential drop!
CADJPY reversed off its resistance at 77.860 where it could potentially drop further to 76.383.
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CADJPY BROKEN RESISTANCEHello traders!
CADJPY finally broke through resistance and is currently making a correction after forming a new high. We are waiting for a retest of that broken resistance now turned support to enter long position to the new high.
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CADJPY Potential BULLSDon't say I didn't tell you but this pair has to go up. It is important to be patient here and buy the pullback and not now because the drawdown will be extremely painful to HOLD. Wait for a pullback and possibly a retest with a proper plan combined with price action to the upside.
CADJPY HEAD & SHOULDER HEAD & SHOULDER PATTERN ON DAILY TIME FRAME
It's more likely retrace some lower than try to break the neckline.
CADJPY long trade ideaPlan: trendline and resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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CADJPY LONG FORECAST ONLY AFTER BREAK RESISTANCE ZONECADJPY LONG FORECAST ONLY AFTER BREAK RESISTANCE ZONE.
CAD/JPY possibly bullish movement. $CAD $JPYThere is a possibility of bullish movement if the CADJPY price would bounce of the support line that has already been tested 3 times in recent past.
Entry - 76.11
TP1 - 76.90
TP2 - 77.90
SL - 75.264
CAD/JPY Fakeout confirmed Lets take a look at CAD/JPY we can see that there is confirmed fakeout on 4H chart and we predict that the price is going to make a strong move up to test Resistance line.
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