Cadjpytrade
Long Vision on CAD JPYHello Dear Traders,
You find below my analysis for CAD/JPY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame CAD/JPY will rise to 88.65 as I am showing in my chart (61.8 Fibonacci). Our Weekly Goal is 89.15.
Currently,CAD/JPY is moving towards the support level of 88,25 where there is some liquidity, from this value we are looking for short-term buying opportunities of CAD/JPY.
BoC will be announcing their monetary policy decision later and it is expected that BOC will be holding interest rate unchanged at 0.25%.
Good Luck and enjoy your Bullish Market.
Entry:@ 88.15
TP1: 88.45
TP2: 88.65
TP3: 89.15
SL: 88
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
cad/jpy good short position as we mentioned in our last two analysis market exactly behaved as we predicted
cad jpy is facing strong Resistance t higher time frame and chances are for a reversal over all
but on lower time frame its showing a good sign and indication os short entry with good risk to reward
i will suggest to enter short with your own money management
always remember patience and discipline are the keys to success in financial world
CAD/JPY good long position as we shared our analysis last week and market follows our predication and went exactly there to retest
now market is at demand zone and going long
look for bullish confirmation on lower time frames and enter long with your own money management
always remember that patience and discipline are the keys to success
last week prediction link is here
CAD/JPY at multi-year resistance, fall likely!CAD/JPY has reached a multi-year resistance level. It looks unlikely
for the bulls to break through this strong resistance in the first attempt.
So, there might be a moderate correction soon.
A sell entry@91.10-91.60 with SL above 92 and initial TP at 88 could be
a possible sell signal based on the weekly chart.
295.8 Pip Medium/Low Shorting opportunity A medium/low probability to go short has been given after the market failed to create a higher high, suggesting that we may see some bearish pressure at the given levels.
Expectancy: Short term
Idea: Possible bearish wave
Previous accuracy: 70.27%
Trail: 90.346
Sl: 29.1 Pips
Tp: 295.8 Pips
Caution, trade may be invalid if a higher high is created.
Buy on Support but wrong SL or TriggerThe 4H TF is bullish so I patiently waited until a pullback. Then I plotted support and bought when price touched it. Of course I didn't forget buying when the stochastic crossed on the lower TF (1HR) which was my trigger entry. Stop loss was set at -15 pips
All that and I still got stopped out before price magically went my way.
Nothing more frustrating sometimes. Maybe I should have set the SL wider or my trigger is wrong. Perhaps I should have waited until a bullish candlestick (That bullish engulfing two hours ago)
The only good thing here is that my analysis was correct. I just didn't profit from it :)