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Cadjpylong

CADJPY - BULLISH BIASCAD - BULLISH 1️⃣ WTI crude futures pared early losses to trade above $40 a barrel on Wednesday, on the back of IEA forecasts which showed crude inventories will likely fall by 4.1 million barrels a day in the fourth quarter of the year and a weaker dollar. 2️⃣ Governor Macklem added that the BoC is not actively discussing negative interest rates but they are a tool the bank could use in case it needs to do more to tackle economic challenges caused by the pandemic. 3️⃣ CAD gathers strength on impressive Canadian jobs report. Unemployment Rate in Canada declined to 9% in September. JPY - BEARISH 1️⃣ Stability in the equity markets undermined the safe-haven JPY. ===== TECHNICAL ===== - We're looking to long this pair on RBS level + fibo retracement 50.0% on H1 chart. - CADJPY in bullish zone.
Long
by MonsunAsia
CADJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
7
Long Trade For CADJPY...Bouncing off this level!!!Previously, we successfully short this pair with a potential target to reach the current price level if BEARISH strength continues. We saw the breakout bring us to near 78.80 price level. From here, I am seeing a high possibility rejection off this support level as we aim for a nice 61.8 fib level retracement before further movement. Could be seeing it range around this area without any clear direction of movement. There will also be a nice resistance level at the 61.8 fib level signaling a strong resistance pressure on this pair. Will be a good long opportunity for now till we see that price level. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
CADJPY H4 Analysis Based On Price Action Theory Dear Traders Today We Have Analysis Of CADJPY H4. This Analysis Based On Price Action Theory. According The Analysis We Can See That Market On The Support Level & Price Decline(Rejection) From Support . So Behalf On That. This is Right Time To Open Buy Trade Around @80.35 With Control Volume Hold your Trade be patience achieve the Given Target🎯 I Request to All Before The Trade You Also Match You Analysis With As If Your Set up Match Then You Can Trade. #CADJPY Buy@80.35 #Tp@81.35 #Sl @79.65 Notes- Please Take Only 2% Risk On Every Given Analysis That Means You Can Safe In Market Every Time All The Best 🙏🏻
by Enclave_fx
2