After completing double top, the price is going towards double bottom at 84.80 to 85.00 level - We see a big move from 85 to 86.50 in a shorter period of time.
Take Entry @ 85.10 Take Profit @ 83.30 Stop loss @ 87.65
We take a short position from 86.50 and book profit at 85.80 in a shorter run.
This could be a good bull run! All signs pointing to the BULLS! ;) Trade responsibly!
Hey guys, 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...
CADJPY appears to be consolidating after a sharp move up. A breakout to the upside of this figure would open a target at 91.10 The 86.86 level served as a pivot for the previous weeks, and is a potential entry point for a trade. Waiting for a pullback after breakout is another entry point. Potential Buy: 86.80 - 87.10 Level to watch for breakout: 88.20
Long it. TP 1 = 1.3150 TP 2 = 1.3250 TP 3 = 1.3350
Hey guys, i want to bring you an advanced pattern i've noticed this evening. In this pair we are approaching a structure level that may hold and push the market higher. The bat's completion is right in the box i've outlined on the daily chart. That's why i think this may be a good idea. Entry: 86,26 Stop: 85, 62s Target1: 87,17s Target2: 87,74s Feel free to share...
After the strong upward move, CADJPY has to retrace ,So shorting now would be the best move right now but for short Tps thanks.
Maybe interesting another Yen Pairs for Short on this Pair. Just wait for break out the Small Trendline and you can put Position for Short.
The 3TAP theory might show its glory here. I find it interesting that there have been so much cash build up, seen in the volume. I'm curious about this one. Seeing that CAD is not doing well on many pairs, it might be a good short with a tight stop-loss. I would wait and let it confirm a short. It needs to pass EMA10. It's a good rule of thumb to never trade on...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 21 Major Cross-Rates (of this 1st Week 2017) statistical data @ my GOOGLE Drive drive.google.com Best regards Aaron
Double top forming possible head and shoulders could form if price wants to be stubborn. If price is not able to break above 88.80 level then it will drop down to 3 possible areas 1st being 84.000 2nd. 82.000 or 3rd. 80.000
Note: Overall, we are bullish on CAD/JPY. There are 2 trading plans for this pair: 1. It is a Swing Setup, price pullback nicely to the support zone and 20-EMA. We see bullish signal bounce back from 20-EMA and Support Zone. A good signal to long now. Alternatively, can wait for pullback again and another bullish signal for confirmation to long. 2. If a 2B...
This is only a trading capability - no recommendation !!! Next wkk i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron