Cadjpylong
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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CADJPY H4 LONG PRICE ACTION FORECAST Price action trading with a consolidation pattern, price compression with strong rejection from the support level. MACD showing diminished bearish momentum, expecting the breakout from the descending trendline to capture a forthcoming uptrend with a long setup
The order:
Type: buy-stop.
S/L: 78 pips - R:R | 1:2
T/P: target next resistance level
CAD/JPY ascending channel💡Hello traders,
I will really apricate any likes and follows, that would help grow this channel.
CAD/JPY has been rejected from ascending channel's support line and now will head up to test resistance line of this channel.
Let us know what you think about this idea.
Trade safe !
CADJPY LONGPrice is at an important area of support on the weekly chart, I anticipate price to bounce off this area of support and head in an upwards trajectory for a bullish movement.
On the 4H chart we see that a new ascending channel can form and as such, I expect the pair to trade within this channel. Retest appears to have been completed.
A great potential swing trade setup with lots of pips for the taking.
Risk-reward ratio: 1:6.08
SL: 77.791 (-56 pip risk)
TP1: 79.553
TP2: 80.774
TP3: 81.754
It should be an interesting setup for the next week if it plays out accordingly.
Share your thoughts and analysis in the comment section below.