Hey Traders, in today’s trading session we are monitoring CADJPY for a buying opportunity around 106.900 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.900 support and resistance zone. Trade safe, Joe.
hello frends this chart we shows that this market will know an up trend on next days when i recommend buying with a fort probability if you want more informations you will see the chart good luck
Entry point 107.631000 Sl. 107.776000 TP1 107.515000 TP2. 107.392000
I'm looking to buy again, I don't think we've seen the top, we're still miles off an ATH. With JPY still weak, Oil strong (which gives CAD strength), and a bullish engulfing candle on the 4hr (and a pinbar almost complete) I think we've had a 50% retracement of the last impulse and now back up. It would be great for this 4hr candle to close above the previous...
I have marked 3possible scenario Trade setups are all bullish if we break through the oivot,then I will buy immediately. This is the last pivot and cad seems to break it Scenario 2 if we dont break the pivot and cad falls back to the previous pivot,i will buy the pull back etc. I also have marked the potential risk rewar ratio See the chart above Dont: No...
Down trend start after confirmation from daily Target 500 pip RR 1:14
CADJPY is trading within a Channel Up since the March 24 bottom. The price action maintained this bullish formation as not only did it recently made a Higher Low but from July 12 to July 18 all 1D candles successfully closed above the 1D MA50 (blue trend-line), something common since April 27. As long as this is taking place, we will stay bullish, targeting...
CADJPY is testing the 1D MA50 in the form of support on bearish 1D technicals (RSI = 42.279, MACD = -0.050, ADX = 56.167). A 1D candle close under the 1D MA50 signifies a validation of selling extension as after the rejection on R1, the long term support of the HL trendline broke. We will sell this week's consolidation, which isn't just taking on the 1D MA50 but...
CADJPY reached the MA50 (1d) for the first time since May 4th. The pattern is a Channel Up and this correction since its top, still has room to go before bottoming. Trading Plan: 1. Sell on the current market price. 2. Buy at the bottom of the Channel Up and above the MA100 (1d) at 102.550. 3. Sell if the MA200 (1d) breaks. Targets: 1. 102.550 (bottom of the...
Hey Traders, in tomorrow's trading session we are monitoring CADJPY for a buying opportunity around 105.600 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 105.600 support and resistance zone. Trade safe, Joe.
Hi, This is what I expect CADJPY to be doing once price manages to achieve into the entry range you see on the chart. If you want to set-up your trade like me to achieve 1,57 risk to reward ratio follow my ladder order calculation you see to the left of current price. "Amount" acts as % in this example. Always calculate your risk: Avg. Entry:...
CADJPY held again the 4hour MA50, which has been providing rebounds for the 1 month Channel Up with breaking since June 1st. Buy as long as the price stays over it and target the September 13th High (Resistance A) at 110.600. Sell if it breaks under the MA50 and target the 4hour MA100. The 4hour RSI is holding its Rising Support. An additional pivot level to...
Bullish pennant flag pattern building here. - Recent strong bullish movements - Indicators showing signs of further bullish movement - In line with the overall trend - Looking for a break of the resistance level around 109.30
Trading Setup: A Trading Signal is seen in the EURUSD Currency Pair. There is a Trading Signal to Sell in EURUSD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 109.16 ⭕️SL@ 109.71 🔵TP1@ 107.91 🔵TP2@ 107.01 🔵TP3@ 105.41 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving...
Sell CADJPY Channel Breakout M30 - Chart - price breaks channel now its good chance to sell now If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
Hey Traders! 👋 For Day 28/100 of our challenge, we will look at CADJPY for upside potential this week/month Technicals: - Stuck in bullish range 104.8-103.6 - Mostly a fundamental-driven trade - Engage in longs only when support above 104.8 is formed Fundamentals: - BoC surprise hike; regains status as hawkish CB - BoJ meeting this week not expecting any shift...
CADJPY hit today the top of the HH trendline that started the Channel Up at the start of the year. 1D is naturally on firm green level technically (RSI = 64.634, MACD = 1.030, ADX = 45.677) but the RSI has been trading on a flat Rectangle since May 18th. It is the same pattern that led to the February 18th High. Our trigger level to sell is the crossing under the...