Cadjpylong
CADJPY Huge Bullish Potential Back To Where It Belongs!!!!Lets look at the overall picture of CADJPY, we can see that this pair have been consolidating between 80 to 88 price level for a long time. Currently, price level is definitely below this level and from what I am seeing now, it looks like a huge fakeout movement away from the S&R that it obeys closely to (Bold Lines). We can already start to see a formation of a higher low and what I will be seeing is a bullish movement to 81.67 where I believe we will see a rejection once again, thus causing price level to retest the strong support level @80.40 (back to consolidation phase). After which, I will see a continuation bullish movement to test the strong resistance level @84.95. As of now, this is looking like a nice risk to reward trade opportunity!!!
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CADJPY - SWING - 13. JULY. 2020Welcome to our weekly trade setup ( CADJPY )!
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1 HOUR
Bullish price action and break above main sr level.
4 HOUR
Overall strong waving market structure, good long entries.
DAILY
Price at its low about to push up now..
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FOREX SWING
BUY CADJPY
ENTRY LEVEL @ 78.880
SL @ 78.450
TP @ 79.500
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
CAD/JPY Long When Market OpensGood day, snipers. Here in the CAD/JPY we are in an overall uptrend, so I would only be looking for long setups here. As you can see, price rejected the previous support with a red candle and a long wick closing above that support zone. Also, price seems to bounce off the minor resistance level which happens to be the 38.2% Fib Level, too.
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CADJPY is at Major Support Potential Trade. CADJPY is at Major Keylevel am going to watch closely price action on 4hr for a potential swing to the upside.
Risk Management Alert:
The meaning of second target (Always take 60% profit of your first target and keep your 40% running to second target, in this case if any reversal happens your safe and secured,
to make this better, move your stop loss to STOP PROFIT which is above your entry level of 10-15 pips after hitting your first target, then up to you as long as it not negative, This way you don't regret holding or exiting early.
Thats 75% Profit from your idea or mine :D, Why this is good, Let's say you exited early, now you will be looking for another entry in this case you not sure if this is a reversal or a continuation of a trend and TRUST ME its not Easy to find.
Most of traders just throwing ideas without explaining why, how, and when... they just draw some beautiful butterfly's, sea-waves, waterslides, matrix moves, EVEN Some HOLY GRILL indicator, at the end all comes to risk management and key levels, Trust me markets will always do what they want to do.
Good luck.
CADJPY - A long Term Buy? Following the recent employment change report on CAD which came out positive indicating strength on the currency, opportunity for the bulls to come in unfolds. However, we should expect some reaction @ 78.936 level.
If price respect that level, and fails to break through, CADJPY may become bearish. A break through the Previous Weeks High (PWH) @ 79.648 will give us a confirmation of a long-term buy targeting the monthly resistance @ 81.742.
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CADJPY signal (LONG)Hello friends.
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Everything on the chart.
open pos: market
targets: 79.9 - 80.3 - 80.6
after first target reached move ur stop to breakeven
stop: under 79 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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CADJPY LONG
-CADJPY has retraced to the 50% fib level on the daily chart and consolidated there for a few weeks.
-there is bullish bias on the hourly. Bullish divergence on the 4H and hidden bullish divergence on the Daily
-I’m looking for the perfect opportunity to enter a long position on the hourly.
I’ll update if and when I enter!
Good luck !
CADJPY H4 LONG PRICE ACTION FORECASTPrice action is experiencing a downtrend momentum as correction, with MACD signaling a diminish bullish bias and about to form a sell signal for confirmation of short-term downtrend.
Expecting price action to correct and get a rejection from previous resistance level to trigger a long order capturing the forthcoming bullishness, allowing a decent R:R towards the supply zone in confluence with the ascending trendline.
The order:
Type: buy-limit
S/L: 45 pips - R:R | 1:2.7 -
T/P: supply zone
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