CADJPY - FOREX - 18. NOVE. 2019Welcome to our weekly trade setup ( CADJPY )!
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1 HOUR
Bullish price action and pressure.
4 HOUR
Bearish waving market structure with a pullback.
DAILY
Looking for another push to the downsite, great short entries now!
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FOREX SETUP
SELL CADJPY
1ST ENTRY @ 82.230 (Wait for trigger)
2ND ENTRY @ 82.390
SL @ 82.680
TP @ 81.740
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Cad-jpy
Will Harmonic Still Be Respected?Some good moves happened with CADJPY, so going over this a little more.
Right now, we wanna see if this bullish harmonic will remain respected all the way to the monthly at least.
Or, now that price has gotten to the mid-level of the harmonic, will it turnaround and continue to the trendline where a daily level resides.
As you can see, a trendline sits there in the waiting. If it can break that trendline, that'll be a nice dropdown. If it bounces off, the bull rally continues.
BEAR TPS:
• 82.239
• 81.905
• 81.638
• 81.464
• New tps announced if the trendline and daily SR level are broken.
BULL TPS:
• 82.719
• 83.230
• 83.598
CADJPY: Cyclical Long opportunity.CADJPY has been on a strong 1D Channel Up (RSI = 53.040, MACD = 0.280, Highs/Lows = 0.0000) since August, breaking above the 1W MA50 (blue line) but was eventually rejected near the 1W MA200 (orange line).
Looking back on the 1W chart this is a cycle that is repeated since 2006, with Death and Golden Cross formation marking it. At the moment the price is preparing an aggressive rise into a new consolidation zone (green Rectangle). This will most likely be marked by a Golden Cross. Our long term Target Zone is 89.000 - 91.500.
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CADJPY - FOREX - 04. NOVE. 2019Welcome to our weekly trade setup ( CADJPY )!
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1 HOUR
Bullish pullbacks been slowing down end of last week.
4 HOUR
Small pullback done, looking for another bearish wave now.
DAILY
Overall very bearish market with great short entries.
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FOREX SETUP
BUY CADJPY
1ST ENTRY @ 82.550
2ND ENTRY @ 82.275 (wait for trigger)
SL @ 81.800
TP @ 83.370
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
CADJPY - FOREX - 01. NOVE. 2019Welcome to our weekly trade setup ( CADJPY )!
-
1 HOUR
Very bearish market this week!
4 HOUR
Slowing down price action at our previous support zone.
DAILY
Great long entries with high probability turn to the upside shortly.
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FOREX SETUP
BUY CADJPY
1ST ENTRY @ 82.280
2ND ENTRY @ 82.010
SL @ 81.558
TP @ 83.076
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN