Cadjpybuy
CADJPY - SWING - 13. MAY. 2019WELCOME TO DACAPITAL-TRADING!
CADJPY FOREX BREAKDOWN 13 MAY 2019
1 HOUR
Strong bearish price movement towards previous support zone
4 HOUR
Good reaction towards previous support, expecting some bullish pressure now!
DAILY
Bearish market needs to turn now.
SWING SETUP
BUY CADJPY
ENTRY @ 81.650
SL @ 81.080
TP @ 83.160
RR: 2.65
(Use normal Risk!)
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CADJPY - SWING - 06. MAY. 2019WELCOME TO DACAPITAL-TRADING!
CADJPY FOREX BREAKDOWN 06 MAY 2019
1 HOUR
Bearish Gap and price open, we need a pullback to the upside now!
4 HOUR
Moving around strong support level and zone!
DAILY
Market need to take out short holders before moving further down! Good long entrys now..
SWING SETUP
BUY CADJPY
ENTRY @ 82.280
SL @ 81.950
TP @ 83.300
RR: 3.05
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
CAD/JPY SETUP Sell & BuyChart is an expectation of market setup via harmonics. Also good to observe that market formed a double top between A and C which is considered a sell signal.
Market already selling from/on target C. You can join the sell to D as there still money to be made.
There may be some retracement up before market gets to D. This will be good for entry to D;
* Chose your entry point wisely via indicators, etc.
* Note - Sell TP2 at target D in pattern.
If market hits target D then;
* buy breakout to upside.
* Note - TP1 on buy = TP1 on sell
Considerations on where to collect profit;
* Pattern completion can sometimes be annulled after TP1 of sell from target C.
* Pattern D breakout can sometimes finish its run at TP1.
DISCLAIMER;
Trading carries risks, ideas are for guideline purposes only.
Do set stop losses when trading & be generous with how much room allow for candle wicks.
There is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
* Do check related ideas below for those I've guided.
CADJPY - catch the move up & its ReversalCADJPY is approaching its resistance at 82.057 (0.618 Fibonacci retracement) where it could potentially reverse to its support at 80.540
EMA 21 & EMA 55 both crossed over signifying a move up.
A break in the black trend line leads us back to its support of 80.540
See previous analysis
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE