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CADJPY - Is it time to Fade?CADJPY - Is it time to Fade? This is a potential trade I am looking to excel further next week - We've been on up trend for while but now is it time to fade? At this current of time we are within the range of 90.640 - 89.735, a break to either direction. Below the trendline up bears will gain further control 200 ema is a nice area of support zone or we could excel further shorter term to 91.100 areas. Have a great weekend, Trade Journal (Just a trade idea, not a recommendation)
by Trade_Journal
CADJPY - More room for the up side?!Happy Monday! I came across this great quote, “If you’re serious about changing your life, you’ll find a way. If you’re not, you’ll find an excuse.” It's Monday - Fresh start for the week, start it in a good positive manner. I see so many people make excuses within trading the words, ' I can't do this' - ' You won that trade by luck' & lastly, 'What's your secret for earning the figures you do?'…Truth is, I don't have a crystal ball 🔮. I just work hard 7 days a week and why do I work 7 days week? My career isn't work for me it's my passion and I am very fortunate to have a sibling and friends with same mindset, who you surround yourself with is very important - I live and breath the markets and I wouldn't have it any other way. Find something that you are really passionate about and pursue it further, I am 100% sure you will gain automatically more capital by doing something you really love! Technical Aspect - CADJPY Pattern: Wedge Support: 82.420, 82.330, 82.120, 81.840 Resistance: 82.720, 83.050, 83.325 200 & 50 EMA - Great PB area's for long position, Once confirmed. I am not signal provider and I never will be. This is just a trade idea - Add your own trading plan for further confluence! Have a wonderful week ahead. Best wishes, Trade Journal (Disclaimer: Just a trade idea, not a recommendation)
by Trade_Journal
CADJPY Showing Weakness on Daily & Weekly TF on the weekly CADJPY is making lower lows and lower highs, now the market has pulled back creating a new lower high at a downTrend Line leaving a wick behind at a Supply zone, the market has still room to go till it hits its major support level. Now on the daily you can see much clearly the Supply level and the market has created a Bearish Candlestick Formation at that level and as I said before its at the same time hitting the down trend line. on the hourly time frames it is also making lower lows and lower highs, I think this is ready to go. I'm not advising you what to do nor when to get in, all im showing you is how i review the market so you can learn how to do it yourself.... I Hope you learned something!
Short
by ElyaStein
Don't miss the great buy opportunity in CADJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (80.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 61. Take Profits: TP1= @ 81.15 TP2= @ 82.05 TP3= @ 83.20 SL= Break below S2
Long
by ForecastCity
1
Don't miss the great buy opportunity in CADJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (80.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 61. Take Profits: TP1= @ 81.15 TP2= @ 82.05 TP3= @ 83.20 SL= Break below S2
Long
by ForecastCity
6
Don't miss the great buy opportunity in CADJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (81.28). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 81.97 TP2= @ 82.54 TP3= @ 83.32 SL= @ 80.80
Long
by ForecastCity
4
Don't miss the great buy opportunity in CADJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (81.3). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 81.97 TP2= @ 82.54 TP3= @ 83.32 SL= @ 80.80
Long
by ForecastCity
4
JPYCAD Fibonacci support and resisdanceJPYCAD daily chart Critical level according to Fibonacci If it close over to 0.11842, it advances in a top band. If not, it comes down (0.011667 or further down 0.011492) Pay attention to fibonacci support and resistance! ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
by KasaDairesi