CAD/JPY Could Reach the 79.90 Level📉 Trade Idea 💡
Buy CAD/JPY @ 80.43
🎯 Target Profit 81.65
🛑 Stop Loss 79.90
🙂 Good Luck!
Cadjpylong
CADJPY Long Trade PlanHello traders, here is the analysis for CADJPY. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
CADJPY Making Bullish StructureCJ is making beautiful bullish market structure. CJ just made a higher high and is now pulling back for a higher low. Going to wait for price to either make a double bottom at the previous higher low or wait for CJ to break the higher high and retest for an entry. Target 1-3 RR minimum of course!
CADJPY Swing LongAfter a break and close below that was followed by a close back above and retest of lower part of consolidation channel, this pair has confirmed the fake breakout and is now well placed with an opportunity to ride the next swing leg and the creation of a higher high on the daily TF.
Target can be set at the 127.2% fib extension taken on the retracement. Entry can be taken on lower TFs
CADJPY H1 LONG PRICE ACTION FORECAST Price has been trading within a hornet pattern from the D1 domain, currently under a correction to continue its further uptrend bias allows the placement of a long entry, expecting the pullback towards the fib golden level 50 to fill the limit order with the following characteristics.
The order:
Type: buy-limit
S/L: 26 pips - R:R | 1:3 -
T/P: high from fib extension tool
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CADJPY H1 LONG PRICE ACTION FORECASTThe Canadian dollar is showing a clear bullish bias across the board. Now, CADJPY at H1 is under consolidation, where expected pullback towards the 200MA to confirms an uptrend movement towards the resistance level.
A buy setup is placed with the following features.
The order:
Type: buy-limit
S/L: 30 pips - R:R | 1:2 -
T/P: resistance level
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CAD/JPY Wave Analysis
CAD/JPY has recovered from the low with a strong V-shaped rally, which is a sign of reversal.
Further, the could interpret it as an ABC correction.
Hence, we expect the pair to trade with bullish bias from here.
CADJPY - BUYPeace, mercy and blessings of God
By breaking the trend shown on the chart, we will see the price at 80.15, God willing
We ask God for success
CADJPY facing bearish pressure from resistance | 30 July 2020Price is facing bearish pressure from our resistance where we could see a further drop below this level.
CADJPY Long Term View78.4 and 78.720 are key support zones and as long as price stays above the two zones then it is a buy, however, if we get a clear break below 78,4 then this setup will be invalidated.
CAD/JPY STRUCUTRE LONG|TRADING PLAN
The pair has reached an important support level, and has so far failed to break it.
In addition to that, the diagonal resistance line is broken, and we see a nice pullback on the 2h timeframe.
Therefore, we aim at a long.
TRADING PLAN:
1-go long at the current level
2-SL, Takes on the chart
Thank you for reading, like and subscribe and have a nice day!
CADJPY LONGPin bar on 4H. Bullish bias on most time frames. Price has fallen to the daily key level, similar to where we entered this pair last time. This should be a good entry !!
Good luck 🙂
CAD/JPY approaching ascending channel support💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
CAD/JPY has been pushed down to support line of ascending channel, we expect price to go higher if rejected from this support.
Let us know what you think about this idea.
Trade safe !
CAD/JPY : Sell on Pullback Rejection Confirmationafter Pullback can strong sell in downside.
ThankYou
