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Cadjpytrade

CADJPY approaching resistance, look out for potential reversal!CADJPY is approaching its resistance at 81.773 where it is could reverse down to its support at 81.085. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
Update on CADJPYWe can see that a minor retracement had been taken place. The good thing is it seem that the minor retracement come to exhausted. We can see that a divergence had been spotted. However in order to validate the divergence, we need the price to break the trendline and the resistance line in order to keep moving uptrend. At the line of Support D1, it is the last line to validate the Uptrend. If price can be breakout this line, i will avoid the pair eventually due to i cant read the movement anymore and most likely the pair will be in the long sideway
Long
by MuhammadIqbalAman
CADJPY in Retracement MoveBismillah For the bigger timeframe, i would like to say that this pair is currently start moving up and uptrend will in surge. However, in the lower timeframe, which is TF H4, there is a valid signal that a minor retracement trend will be taken place. It can be clarified by price successfully breaking up the lower trendline of TF H4, and also close below the support of the latest support line. So it is a hold for those who are trade this pair before take the decision of Buy. For me, it is simple. I will wait for the minor retracement exhaust and start back to buy whenever signal is popping up. My signal entry is very easy and clear, which is i will instantly enter whenever Bullish Engulfing formation is being formed. Thank you
Long
by MuhammadIqbalAman
CADJPY Short term Bullish - Possible NFP & CAD News trade todayCADJPY have been trading within multi-sessions bullish channel, so far price almost reached the top of the channel, as we have an important release about CAD unemployment figures today, i am seeing the scope for a breakout of this channel, expecting the price can test 81.90+. However this is a short term picture, though overall the momentum on the bigger time frames is still bearish. Please respect the money management guidelines when trading this market. Good luck!
Long
by UmarAbdurRehman
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