I am looking to sell CADJPY from my purple price area
This purple price area is a Monthly resistance price
We will hopefully get a sell down to our 4hr price area it has recently broke out from
pure rsi trade - AUDJPY is at a very high point recently & with the 4hr rsi being at 80+ for a constant over the last few i have taken a low risk sell position here with tp set at the 200 ema
IG - Inoovatefund
4hr chart
hopefully get a bounce of 200 EMA which is also sat on a price area of mine
will be looking for buys if we see a nice rejection of EMA + Price area
We are looking for buys around the 86.000 to 85.500
there 50 EMA is currently rising up to around our price area on the weekly time frame
we have placed a low risk sell to bank some profit on its way down to our target area
GBPCAD long position
GBPCAD was at a massive weekly and monthly support area why i took the long position - will be looking for sell opportunities when / if this trade hits take profit
Potential CADJPY short, i have got in this trade and it is current running around 10 pips profit. i entered this off the RSI and rejection off the price level. Further into the trade if more of my indicators show more of a sell i will be extending my take profit.
This is a USDCAD Long i am already in however we can start to see a potential Golden cross on the EMAs also lining up with price areas. If we see a price drop & rejection on either our support area or on our golden cross EMA we will be entering a second smaller position & opening up the trade & adding a trailing SL to it.
