CADJPY @ 1h @ best cross-rate of all 21 majors (1st week `17)Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
21 Major Cross-Rates (of this 1st Week 2017) statistical data @ my GOOGLE Drive
drive.google.com
Best regards
Aaron
Cadjpytrade
CAD/JPY, LONG, DAY CHART (2-JAN-2017)Note:
Overall, we are bullish on CAD/JPY.
There are 2 trading plans for this pair:
1. It is a Swing Setup, price pullback nicely to the
support zone and 20-EMA. We see bullish signal
bounce back from 20-EMA and Support Zone.
A good signal to long now.
Alternatively, can wait for pullback again and
another bullish signal for confirmation to long.
2. If a 2B reversal pattern formed or 1-2 bearish
signals formed, It might reverse and go to the
bearish side.
CADJPY follows the same broadening bottomA typical broadening bottom formation. A declining price trend, the latter developed into a brooding bottom pattern. This pattern looks more like a megaphone and respected trendlines formality. A breakout can:
* When the price closes above the formation´s high.
Let us monitor this pair and see how it responds.
CADJPYOn weekly trade no powerful support is seen untill 74.200 - 74.300. according to breaking the triangle we could go Short to reach that level ( powerful support ).
Macd shows +RD so we can watch how market reacts to support level and after breaking the downtrend line we could Go LONG with TPs...
(CADJPY) Daily - Speculation and AnalysisWe have reached a strong support area, if it keep holding and we break a the yellow trend line its a good buy.
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Liability Disclaimer : All trades posted here are my personal view of the market.
If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management.
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