Cadjpyforecast
CAD/JPY looks bearish is this a continuation of the bears?looking at my CAD/ OANDA: CADJPY JPY I can easily see that this has been a bearish market and i recently reached its weekly SUPPORT, based on price action T THE 4hour chart I can possibly say that the CAD/JPY will continue to dip down,for a signal go to t.me
Possible Drop for CADJPY IncomingPossible drop for CADJPY. Price has remained under both 200 and 50 EMA indicating a short bias. Price has hit the resistance of the trend line channel as well as the horizontal resistance zone, both indicating a short bias. Small stop loss of about 40 pips and take profit of around 90 pips. FX:CADJPY
CADJPY bounced from upside confirmation, potential for a further
CADJPY bounced off its upside confirmation at 82.733 where it could potentially rise further to 83.733.
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CADJPY approaching support, potential for a bounce!
CADJPY is expected to climb to upside confirmation at 82.733 where it could potentially react off and up to 1st resistance at 83.219.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADJPY Shorting the obvious for 300 pipsHere is a chance to short the obvious for a 300 pips target.
CADJPY has been following the same wave/pattern/channel for quite some time.
Its a no brainer to short this as the odds of it going south for 300 pips is very high.
But if things go the opposite direction then its very unfortunate for us, as there is no reason for it to behave differently this time around.
CADJPY approaching resistance, look out for potential reversal!CADJPY is approaching its resistance at 81.773 where it is could reverse down to its support at 81.085.
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CADJPY Latest Technical AnalysisWe are doing Analysis of CADJPY on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Thanks
Adil Khan