As per the video idea price action is at a perfect place to sell, great risk reward. we've seen some lower highs and we are at a place now where it could sell off again.
In this recap I cover a short position I took on EURNZD with key details regarding the lower timeframes, followed by two missed positions. CADJPY has given me some direction on potentially a new entry I can include in my trading plan, whilst USDJPY I chose to stay out of due to high impact news. Double digit returns again in just one week, stay switched on guys!!
CAD/JPY is trading close to a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 109.025 which is a pullback resistance that aligns with the 61.8% Fibonacci projection level. Stop loss is at 109.800 which is a level that sits above the 78.6% Fibonacci projection level and a pullback resistance. Take profit is at...
CAD/JPY is rising towards a pullback resistance and could potentially break off this level to climb higher. Buy entry is at 108.052 which is a potential breakout level. Stop loss is at 107.150 which is a level that sits under a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 109.025 which is a swing-high resistance that aligns with...
Price is rising to the buy entry at 107.282, an overlap resistance and could breakout and continue rising to the take profit level. Buy entry is at 107.282 which is an overlap resistance level. Stop loss is at 106.649 which is a level that sits below the pull back support. Take profit is at 108.174 which is an overlap resistance level. High Risk Investment...
Welcome back! Let me know your thoughts in the comments! ** CADJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
CAD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 108.896 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 109.680 which is a level that sits above an overlap resistance and the 50.0% Fibonacci retracement level. Take profit is at...
CADJPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 108.904 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 109.580 which is a level that lies above an overlap resistance and the 50.0% Fibonacci retracement level. Take profit is at...
CADJPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 110.177 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 109.700 which is a level that lies under a pullback support and the 61.8% Fibonacci retracement level. Take profit is between...
CADJPY has fallen towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 110.283 which is a pullback support. Stop loss is at 109.780 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement level. Take profit is between 110.663 and 110.886 which is a zone that aligns with the...
CADJPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 109.806 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 109.230 which is a level that aligns under a pullback support level. Take profit is at 110.440 which is a swing-high resistance...
CADJPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 108.454 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 108.120 which is a level that aligns under the 38.2% Fibonacci retracement level and the pullback support level. Take profit is...
Here is an explanation of how I was able to trade CADJPY without breaking a sweat. It is not hard you just need the right tools. (...And the right guy *wink*)( Just kidding.) But yes, I plug in my indicator set up and go to work. Building my account for the week. This keeps me consistent, check it out.
Price has reached our sell entry at 107.66, and this aligns with the 50% fibo retracement and 100% fibo projection, which shows that there is fibo confluence. Furthermore, we can see that our sell entry is at the neckline of the double top pattern, which confirms our bearish bias. Our stop loss is at 108.23, which is the multi-swing high resistance level. Take...
CADJPY is falling towards the buy entry at 107.659 which is an overlap support and could potentially reverse from this level to bounce higher. Stop loss is at 106.925 which is an overlap support that sits under the 50.0% Fibonacci retracement level. Take profit is at 108.704 which is a pullback resistance. Please be advised that the information presented on...
Two pairs on watch this morning, USDCAD & CADJPY. Similar plays but crucial differences in WHERE price has come from. Stay sharp.
Sell-offs eyed into in the money longs from three days lof longs in the market.
CADJPY headed higher after pullback? Let's see if price pulls back from resistance into target entry point?