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Cadjpysignal

CadJpy could rise 200 pipsThe long-term trend for CadJpy is clearly up, and at this moment, the correction started at the end of October looks done. The pair found strong support in 89 zone, a zone that acted as support or resistance multiple times in the past. As long as the pair stays above this zone I expect a new leg up and the first target can be 200 pips above, at 91.50 zone. A break of this resistance would expose the recent high. Buy dips can be a good choise
Long
by Mihai_Iacob
7
cadjpyCADJPY - Short Why are we entering? - Price broke the ascending trendline = bearish - Expecting further CAD weakness & JPY strength after a short retracement period = CADJPY SHORT What are we waiting for to happen? - Waiting for the next pullback so we can draw WFB What is our confirmation? - rejection of structure and EMA - Waiting to draw WFB Entry Safe Entry: Rejection of structure and then WFB once correction appears Risk Entry 1: Rejection of structure and Fib Once entered, where will our Stoploss be? - above the rejected price Where do we take profits? - First TP: 89.3 - Second TP: 88 - Third TP: 86
Short
by Elrouby
CADJPY ANALYSIS AND TRADE IDEA - SELL TO BUYHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ On the Monthly we are bullish with an ICI to the upside which the market is currently retesting the previous resistance turns support once we see a close above the support we can see a continuation to the upside. Dropping down on the Weekly we have an over extended W formation where we can see a retracement to the neckline or the wick of the candle, we will base our take profit for this weekly trade on the impulse. On the Daily we are also testing previous resistance turns resistance due to the closed below the structure, EMAs are about to cut for short though MACD still is above the 0. Trade Signals SELL Entry: 90.832 Take Profit: 87.880 (295 pips) Stop Loss: 91.775 (94 pips) ===================== BUY Entry: 87.906 Take Profit: 95.263 (735 pips) Stop Loss: 86.755 (115 pips) Good luck! Trade wisely, please do proper money management. ~FX_SHIFTER
by fx_shifter
1