CADJPY has been stuck in this range for WEEKS. I have continued to check it's situation however it is still struggling to break 85.75 high and 84.30 low, I will continue to monitor this pair but not really any opportunities to take advantage of until it break this box. Once it does, I will wait for a retest and then enter. Patience on this one guys! Unless you ...
This is a short opportunity which I'm looking to play out this week. About 200 pips. There are 3 take profit points. Wait for confirmation on it going down at each key TP. I've entered this today at peak 83.300 looking to capture 200 pips. Always lock in profit with SL at each TP. Trade safe
this is a simple pattern formation that's about to complete around 81.60 level. This zone has multiple structures in there so i'm very interested in taking this pattern. Rsi is in oversold condition by the way.
Let's see how it plays out.
Stops below X, targets at 382 and 618 retracements of AD leg.
If you want to share your view or simply ask ...
this is one of the simplest method to read structure, in a downtrend, when a support is broken, it most likely will become resistance once retested. Stops above highs, target1 81,2x level. Target2 to be determined.
Don't know if i'm getting involved since i have two other CAD pairs on my watchlist.
I'll let you know.
If you want to share your view, or ...
i want to share one of my today's favorite setups, which is on CADJPY. The chart explains everything but basically i've found several clues that all point in the same direction, namely long.
It's important you know i don't even start building a case for entry without structure; here we have higher timeframe structure and trading timeframe structure at ...