CADJPY Discover the latest analysis and trading opportunities

My view on analyzing the Canadian Dollar/Japanese Yen pair indicates the existence of a price channel formed for this pair, which is now heading towards the end of this channel. There is a high expectation for a reversal of the price trend and the entry of sellers, which represents an opportunity to enter sell trades. It is important to pay attention to important support and resistance levels to determine entry and exit points, and follow a good capital management strategy to maintain trading account stability.

We always focus on the importance of setting targets and stop-loss in forex trading. The target helps us determine the exit point of the trade with a reasonable profit, while the stop-loss protects us from losing a significant amount of money. Therefore, we must be precise in determining these two elements before opening any trade


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Trade active

Comment:

"We are close to the target."

Trade active

Trade closed: target reached

Trade closed: target reached