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Cadjpylong

CADJPY, 4hr timeframe, bullish divergence with flag patternHello my friends, Today I saw some good setup on CADJPY. This pair currently in bullish trend after it broken through 80.00 psychological resistance and goes to 80.90 level, it finally exhaust and then come down for a breather. In my opinion, price made a bullish flag pattern during it downwards movement. Price then finally broken above the resistance and currently retesting it as a support. I think we could see some more upwards movement from this pair as there is also bullish divergence on stochastic. Buy CADJPY 80.20 Stop loss 79.80 Take profit 1 @80.60 Take profit 2 @81.00 Take profit 3 @81.40 Use proper risk management Only risk 1-2% of your equity Disclaimer: I've been buying CADJPY since 80.20 Good Luck
Long
by HayatoDragonFX
2
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
CAD/JPY LONGHello Traders, So today i'm going to talk about the pair CAD/JPY. On this Daily timeframe, we can see the market consolidating and forming a support level at 78.00 and almost reaching the 80.00 level, after a pullback in 79.00 zone, we can see another big impulse of +300pips. So, after this big impulse i'm waiting for a new pullback in the buy zone wich is the 0.5 fibonacci level from the last impulsive wave and the mid level of the consolidation. Entry : 80.00 SL : 79.65 TP : 82.00 R/R : 5.71 Let me know in the comments if you have any question.
Long
by Ralechturc