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Cadjpysetup

CAD/JPY Sell Signal - ForecastAs you can see CAD/JPY is nearing it's previous resistance level at around 81.400 . which has also acted as a resistance level multiple times before. If we see good sell movement (Red Candles) we can confirm that it will in sell till it's next support level which is at around 79.350 Note : That these key levels are not exact and price can move from near them ( For ex: 79.350 is support but price can move also from 79.360 etc) Thank you. if you have any other idea regarding cadjpy pls share in comments.
Short
by GoldPlusTrading
4
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
Long
by HayatoDragonFX
2
Simple & Profitable Strategy for a Sell Opportunity on CADJPYTrade Idea: This pair is in an overall downtrend, so my bias is favouring sells than buys. I'm looking for a break of the yellow trend line (Conservative Entry) and/or a retest of the orange RSI trendline (Aggressive Entry) to enter a sell towards the projected TPs. Technical Analysis: * This pair has break the short-term support now resistance zone, and its now retesting the S/R zone. * Price has a slight bounce from the 200EMA and EMA14/21 is acting as resistance. * A bearish rejection candle confirming my bias and rejecting from the short term S/R zone. * RSI 14 (hlc3) has broken the upward trend line and is retesting that trend line, the RSI 14 is also below 50, indicating that sellers are gradually taking over for this pair. *Please note that any trades you decided to take are of your own risk. All trade ideas published here are for informational purposes only and are my personal trades.
Short
by JKFXTrading