Cadjpylong
CADJPY is approaching support, potential bounce Price is approaching support where we could see a bounce above this level. Stochastic is approaching support as well.
CADJPY Hourly structureThis pair is in a bull run. It is currently at its reset point to continue going up.
Great time for buy -cadjpyWooow the great
Sign for cadjpy
Day candle perfect spin
Confirmation for today
Candle finished for bullish
Ready for long term but
Aim 84 ..
Buy small lot to get big
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CADJPY is approaching support, potential bounce Price is approaching our support in line with our horizontal pullback support, 50% fibonacci retracement and 61.8% extension where we could see a bounce above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well in line with our bullish bias.
CADJPY BUYHello traders
We reached a former resistance zone which appears to be turning support. Look to buy around the 80.2/80.1 region.
If we break through 82, we might see a bigger movement on the upside else we'll test 81.7 and see quite a bit of retracement.
What do you guys think? Let me know in the comment section. Like and share this idea if you find it useful.
CADJPY BULLISH TRENDLINE AND SUPPORTWe can see that the prrice has reached the horizontal line support and trendline support
CADJPY is approaching first support, potential for a bounce!Price is approaching our first support at 81.403, which is in line with our 127.2% Fibonacci extension and horizontal swing low support. It could potentially bounce from first support and rise further to our first resistance at 81.727, in line with our 50% Fibonacci extension, 50% Fibonacci retracement and horizontal swing high resistance. It is also worth noting that price is now above the EMA (55) and the ascending trendline, which shows bullish analysis in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADJPY - Slow PacedI took this trade with the team earlier today but the lack of market volume means we haven't got very far. I am hoping for a strong clear move to the downside, I will update you on the progress.
CAD/JPY BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation! As always we will have to wait for a confirmation!
CAD/JPY: Daytrade-Preparation
Market-Buy: 81,575
Stop-Loss: 81,340
Point-Of-Risk-Reduction: 81,790
Take-Profit: 82,090
Stop-Loss: 23,5 pips
Risk: 0,5% - 1%
Risk-Reward: 2,22
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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CADJPY is testing support, potential for a further risePrice is testing our first support at 81.549, in line with our 100% Fibonacci extension, 61.8% Fibonacci retracement, and horizontal overlap support. It could potentially bounce from here and rise further to our first resistance at 82.121, in line with our 61.8% Fibonacci extension and horizontal swing high resistance. It is also worth noting that the Ichimoku cloud is also showing bullish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADJPY is facing bullish pressure | 10 Dec 2020Price is facing bullish pressure where a break above our upside confirmation level could see a further upside
CADJPY - Bullish BiasCAD - BULLISH
1️⃣ Hopes that a coronavirus vaccine could be used soon and oil prices at the support level of $44 a barrel.
JPY - BEARISH
1️⃣ The upbeat market mood undermined the safe-haven JPY, as investors digested positive coronavirus vaccine news.
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Technical
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We are looking buy the CADJPY above the RBS + above the SMA 50 on the H1 chart.
CADJPY is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our ascending trend line where we could see a further upside above this level to our first resistance target. A break above our upside confirmation level would provide the bullish acceleration to our first resistance target.
CADJPY 81.35 + 0.06 % LONG IDEA * PRICE ACTION & STRUCTUREHello everyone
Hope you guys are having a good trading day here's a swing idea on the CAD/YEN which is still trading in a descending channel structure pictured clearly on higher time frames looking for a test of the roof of this structure and will be monitoring price at this level.
coming down to the 4H chart we just saw a rejection at resistance level 81.57, looking to see a break of this structure in the near future and will be planning for long entries.
The pair remains in a strong uptrend hitting HH AND LH so will be looking for a break of the above mentioned resistance.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET THE WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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Uptrend in CADJPYWe are currently in a very good looking uptrend that is gathering strength to continue. The last part of this trend starts from the middle of the previous month. Current levels are important, where the price meets resistance from the daily chart.
However, it seems that there will be strength to break and reach the following resistances:
81.85
82.05
82.27
You can enter now or wait for it to break. In both cases, the idea is fail by breaking the previous bottom.
If you have questions about how to trade this or another situation, contact us!
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Forex Forecasts: CADJPY The possibility of continuing to climbAfter the pair succeeded in breaching the triangle, the pair is looking towards the resistance at 82.0, which breaching it is a strong buying opportunity towards the strong resistance at 84.00
CAD/JPY New Analysis And 3 Trades Available This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
