Cadjpyshort
SHORT GBPJPYSHORT GBPJPY @ 154.60
TP: 149
SL: 158
With the way things are playing out in Russia and Ukraine, a strong risk off mood has entered the markets. I have decided to sell the break of the 61.8% Fibbo in GBPJPY as I believe this will continue to grind lower in the coming days. I will continue to sell rallies in this pair all the way up to 158 lvl (although I don't expect it to go this far if things continue the way they are). If the war subsides and the markets turn to risk on again, I will re evaluate this idea. Stay tuned until then. Adios and Good luck.
Also short AUDUSD, CADJPY, CHFJPY & GBPUSD!
Comment if you want to know more!
CADJPY SellI would like to share a combined sell setup at CMP and an additional sell stop entry at 97.80. The sell stop has 3 take profit levels as seen in chart while the CMP entry also has 3 different take profit levels.
Please let me know if you have a similar idea or leave comments below.
Thanks for checking!
CAD/JPY Short Setup After Confirmation To Get 300 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CADJPY | BREAKOUTCADJPY has been trading in decending triangle and has given a breakout from the falling trendline. Currently price is trading above it and we expect the price to go above it.
Alternatively, breaking below the horionzontal level 97.200 will bring bears in the party and price will fall.
Trade your levels accordingly.
Cadjpy and another Yen pairUsing another Yen pair we can assess clear risk management strategies and calculating position size.
If you have a market like this and it is running away further you can drop your size. Do NOT overleverage expecting to kill it on Trade One. Wait for entry confirmation from price action within timeframes.
When Market sentiment is positive in the way the market is moving you can get harsh moves.. Picking one Trade becomes more difficult.. and rightly so. This is why we can spread our risk.
SHORT ON CAD/JPYPrice is currently at a major resistance area, and has formed a double/tipple top
it has also broken the uptrend line on the 1hr time frame.
Macd golden cross has already happened and price has not been able to break above resistance and sustain.
Play I will be taking on this pair:
P = 97.962
SL = 99.550 - 160 PIPS
TP = 91.634 - 631 PIPS