Watch this trendline, may have a triangle pattern in the works here. Looking for the bulls to take over
This trade is related to my previous Post On CADJPY, Looks like another Great Chance to Short again. :P
This is a monthly,weekly timeframe analysis of CADJPY.I think this is correcting now and will be correcting for some time then will make an up move to 92.00,93.00 area. From where it can either continue the impulse up and if it does and then forms a corrective structure above that area then it is likely to reach about 115-116.00 and from there I think it will move...
Safe and Successful Trading!
The pair is in uptrend but it's been there for a long period of time without any visible correction. And I think that this correction has just ended at 23 fibo level on daily chart. So I'm ready to buy. Cosidered that the price shows it's will to grow further. If not - then i'll join the down move.
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
wait for breakout and candle forming beyond the flag
See RSIand MACD.... HOW OVERBOUGHT? must a correction....... + very hard yearly dowtrend resistance and 4H fibo together.... OANDA:CADJPY FX:CADJPY Goodluck ;) Target 1: 86.050 Target 2: 85.599 Target 3: 84.001
Very Bullish Looking for a RT back to the trench to take a long trade for a LRE Key Support - 86 - 84.1 Key resistance - 88.8
price hit daily resistance area ...we see rising trendline and support right under it... after valid break of booth i look for s ahort entry with target round about 83 area... dont be suprised if price starts a last squezze to the upside to get rid of traders who entered to early if we go above the daily resistance (for the squezze) we can enter after price...
SELL SETUP TP 1 = 87.00 TP 2 = 85.00 TP 3 = 82.89