CADJPY - Multi time frames -12h D1 W1 ( Long Trade1000 PIP! )
🔹Hello traders, Let's review and go over analysis and strategies for CAD / JPY. As we all know, price has been in this Major channel band for 210 days Now, from what I'm seeing with my eyes, this could be a new potential high. It's only if price breaks out at this point So come back and retest of this channel band I am expecting price to go all the way up to 120.205$
🔹NEWS : The CADJPY pair provided many negative closings below the key resistance 110.45 to decrease the chances of recording any new positive stations by settling in sideways track near 109.90.
We expect the beginning of gathering the negative momentum soon to activate the correctional bearish track that might target 109.10 followed by reaching the MA55 at 108.15, while succeeding to breach the resistance and providing positive close above it will open the way to resume the bullish attack again, to expect attacking the recently recorded high at 111.15 first.
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Reasons VIP ☑️
Points of interest - for VIP☑️
Entry Point - VIP☑️
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🩵Please hit the like button and
🩵Leave a comment to support me!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
⚕️Advice⚕️
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
🔹NEWS : The CADJPY pair provided many negative closings below the key resistance 110.45 to decrease the chances of recording any new positive stations by settling in sideways track near 109.90.
We expect the beginning of gathering the negative momentum soon to activate the correctional bearish track that might target 109.10 followed by reaching the MA55 at 108.15, while succeeding to breach the resistance and providing positive close above it will open the way to resume the bullish attack again, to expect attacking the recently recorded high at 111.15 first.
------
Reasons VIP ☑️
Points of interest - for VIP☑️
Entry Point - VIP☑️
------
🩵Please hit the like button and
🩵Leave a comment to support me!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
⚕️Advice⚕️
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
Comment:
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