Cadjpylong
CADJPY high probabilty for 83.70 and 84.20professionals increased long positions 3k by last week, commercials increase short positions 8k by last week. professionals increase 5k shorts in jpy while commercials decreased 3k shorts. weekly key reversal bar made a new low closed off the high dictating for bullish momentum ahead.
CADJPY - Break out. Buy zone. Preload.
The price is being drawn to a strong level. The preload process demonstrates the struggle of buyers and sellers. The first side (buyer or seller) buys the movement of the second side and moves the price further. The second side is resistance. The goal of the first side is to tighten the price to a strong level and gain "energy" in the form of limit levels. The goal of the first side is to stop moving towards the level.
CAD/JPY BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a conformation!
CAD/JPY: Swingtrade-Preparation
Market-Buy: 81,950
Stop-Loss: 81,210
Point Of Risk-Reduction: 82,810
Take-Profit: 83,800
Stop-Loss: 74 pips
Risk: 0,5% -1%
Risk-Reward: 2,50
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Peace and good trades
Irasor
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The rise of CADJPY continuesSince the beginning of November last year, we have an upward movement of H4 at CADJPY.
Earlier this week, the price reached its high points from December, testing and holding them without being able to break them.
Before making a new attempt we see that a triangle is formed on H1, which is broken and now with new forces it will try to break the previous peak!
An additional confidence that it will succeed is the fact that we see higher bottoms all the time!
In case of a break we expect the price to reach:
82.30
82.50
83.40
If you do not engage in the break, you can wait for a test of the already broken peak.
If you have questions about how to trade this or another situation, contact us!
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CADJPY - Bullish BiasCAD - BULLISH
1️⃣ Rallied in oil prices support the commodity-linked currency the CAD.
JPY - BEARISH
1️⃣ Prime Minister Yoshihide Suga said the government was preparing to extend its emergency declaration to Osaka, Kyoto and Hyogo as daily infection rates continue to surge across the country.
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Technical
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We are looking to buy the CADJPY at RBS + above SMA 50 on the H1 chart.