CADJPY long trade update! (re-entry)Note : on my previous analysis price went up +50 pips from our entry level (link attached below!), this plan is a second chance / re-entry ... good luck ;)
Plan : wait for the retracement at a lower timeframe like M30 or M15 --> 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Cadjpylong
CADJPY BUY. Complete setup point to point.Hello Traders! I have analysed this chart for myself I am posting publicly to see your point of view on CADJPY. Post your analysis below.
This Chart is analysed using Fibonacci Retracement putting in ELLIOT wave form. Wave 3 is checked using unique way of moving average with exact point according to analysis. What I figured out is wave 3 will be extended one. So wave 4 will retrace about 0.382% and wave 5 will be equal to wave 1 in size. ABC wave will end above wave 4 because of extended wave 3.
Post your analysis below and hit like if you agree with this analysis.
CADJPY US OILCADJPY short for a couple of weeks, till it hits support then BUY.
USOIL will also be effected as Canada has the largest reserve of oil , and Japan is the biggest importer of OIL.
As the bearish moves of CADJPY happens we will see some bearish moves in the USOIL market.
When CADJPY falls, Short USOIL
When CADJPY increases, BUY USOIL
CADJPY buy on H1Note : CADJPY forming a potential inverted H&S after price bounce off from daily support level (link attached below!) now we are waiting for further price development (structure breakout) before placing any buy order
Plan : trendline / horizontal resistance breakout --> wait for price to bounce off from trendline / horizontal support --> 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CADJPY roadmap on dailyNote : price touched daily support level but last week daily candle close is formed a bearish strong momentum and it might push price to go lower, please wait for further rejection candle signal or price deceleration before placing buy order
**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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CADJPY H1 ANALYSISHello traders, we currently have a long setup for CADJPY on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go long. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
CADJPY, +90 pips have been obtained from the previous setup!Note : congrats for those who followed my cadjpy short signal yesterday (link attached below!), +90 pips have been secured and the following is the next plan, enjoy ;)
Plan : wait for prices to bounce off horizontal support --> 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CADJPY buy on M30Plan : wait for prices to bounce off horizontal / trendline support --> 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX