Cadjpytrade
CAD/JPY Retracing to Support, Another Chance to LongAlready long on this but it is currently retracing which offers those not in the trade another chance to enter. Enter once price reaches support, target is the same at 84.571.
CADJPY - Resistance ClearedThe resistance level has now been cleared so buyers will now be looking for an optimal entry point at the break and re-test.
I will be looking to position buys a little lower in the bounce box marked.
CAD/JPY BreakoutThis is breaking above a resistance level. Safest entry is to wait for a retrace that tests this level as a support then long to the target of the next high. Although it is still very bullish on MACD on 4HR and daily so this could easily continue to rise from here.
TP - 84.571
SL - 81.667
CADJPY, Retesting Breakout, LongCADJPY, Retesting Breakout and has a strong Support... Watch out Friends!
CADJPY, Bears are Expected..!As salam alaikum
T.A Review:
Bullish Channel
Consolidating since last Month
Another Falling Wedge
Holding Rejection zone i.e 82
Strong chances of pullback.
F.A Review:
Dollar strengthens and Covid can't be ignored.
FED decisions, NFP,ISM and PMI are on the way
as well. Market will be highly manipulative this
month.
CADJPY - Drop OffI would like to think that the resistance has been wicked into enough for it to plummet from here. I want to see a slight pullback into the previous structure before bears take control.
CADJPY ANALYSISCADJPY ANALYSIS
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Idea is not the financial advice!
CADJPY Short Setup Trade IdeaOn positive fundamentals, we saw CADJPY take a leap to the upside, followed by a strong rejection from a major resistance level. This has helped to reduce our stop loss size and great increase our R:R in a short position back down to key support levels.
CADJPY - Break out. Buy zone. Preload.
The price is being drawn to a strong level. The preload process demonstrates the struggle of buyers and sellers. The first side (buyer or seller) buys the movement of the second side and moves the price further. The second side is resistance. The goal of the first side is to tighten the price to a strong level and gain "energy" in the form of limit levels. The goal of the first side is to stop moving towards the level.
CAD/JPY BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a conformation!
CAD/JPY: Swingtrade-Preparation
Market-Buy: 81,950
Stop-Loss: 81,210
Point Of Risk-Reduction: 82,810
Take-Profit: 83,800
Stop-Loss: 74 pips
Risk: 0,5% -1%
Risk-Reward: 2,50
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Peace and good trades
Irasor
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CADJPY Technical Analysis - NeutralIt is in a large support area and I am not very clear about it until I reach one of the areas marked to buy or sell. In any case, the risk benefit is good to assume (2: 1), also in case you break these marks when taking benefit it can be extended more. Also the analysis is very similar in different time frames.
CadJpy- to maintain its familiar range82.00 zone is very strong resistance for CadJpy and I expect this to offer a ceiling for the pair going forward.
The rise from 78 is also in a rising wedge pattern and a break under 81 would expose this bottom of the range.
I'm looking to sell this pair
CADJPY, take a closer look, longCADJPY go for long!
+Breakout trend line
+ Strong Support
+ Price action tells further above!
CADJPY, Shooting the moon and the stars, longCADJPY has an idea to go for long;
+ Bullish Divergence
+ Strong Support
+ Breakout Trend Line
