CADJPY appears to be consolidating after a sharp move up. A breakout to the upside of this figure would open a target at 91.10 The 86.86 level served as a pivot for the previous weeks, and is a potential entry point for a trade. Waiting for a pullback after breakout is another entry point. Potential Buy: 86.80 - 87.10 Level to watch for breakout: 88.20
Hey guys, i want to bring you an advanced pattern i've noticed this evening. In this pair we are approaching a structure level that may hold and push the market higher. The bat's completion is right in the box i've outlined on the daily chart. That's why i think this may be a good idea. Entry: 86,26 Stop: 85, 62s Target1: 87,17s Target2: 87,74s Feel free to share...
After the strong upward move, CADJPY has to retrace ,So shorting now would be the best move right now but for short Tps thanks.
Maybe interesting another Yen Pairs for Short on this Pair. Just wait for break out the Small Trendline and you can put Position for Short.
The 3TAP theory might show its glory here. I find it interesting that there have been so much cash build up, seen in the volume. I'm curious about this one. Seeing that CAD is not doing well on many pairs, it might be a good short with a tight stop-loss. I would wait and let it confirm a short. It needs to pass EMA10. It's a good rule of thumb to never trade on...
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
Double top forming possible head and shoulders could form if price wants to be stubborn. If price is not able to break above 88.80 level then it will drop down to 3 possible areas 1st being 84.000 2nd. 82.000 or 3rd. 80.000
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...
This is only a trading capability - no recommendation !!! Next wkk i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
I think CAD/JPY will make another wave on Trendline, if make a rejection on this area and VALID make a New WAVE.. Confirm for SHORT
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
A 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.
Hi Eveybody! We are preparing the terrain for Christmas! Until there Huge pulldowns are coming. I think that the graph says it all. We will work together through out the next weeks to maximum the profit and min the risk. Hope you enjoy it ! Everything is on the chart. Need explanations ? ask your questions. Need my Idea on any other thing let me know. **Never...
On 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...