CAD/JPY Time for a reversal?Hi Traders
CAD/JPY (H4 Timeframe)
A medium to high probability, entry to go SHORT is forming @ 83.071 after the market found resistance @ 83.928. Only the upward break of 83.928 would cancel this bearish scenario.
Trade details:
Entry: 83.017
Stop loss: 83.928
Take profit 1: 82.480
Take profit 2: 81.569
Take profit 3: 80.084
Score: 7
Strategy: Bull Trap
Cadjpytrade
CAD/JPY Retraced, Chance To LongI'm already long on this since 82.360, there were posts made when price was at that level. But if not in the trade there is now an opportunity for a smaller trade. Price has retraced to a support level and if it rejects then longs can be entered up to the same target price as mentioned in previous posts of 84.571. SL just below support and 0.5 Fibonacci
CADJPY - my best strategy A false breakout.
key level yellow.
the price has dropped even lower!
Collected liquidity under the level.
We have grown at the expense of this volume.
key level yellow.
the price has dropped even lower!
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CAD/JPY BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
CAD/JPY: Daytrade-Execution
Buy-Stop-Order: 82,540
Stop-Loss: 82,360
Point of Risk-Reduction: 82,700
Take-Profit: 82,855
Stop-Loss: 18 pips
Risk: 0,5% - 1%
Risk-Reward: 1,80
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Peace and good trades
Irasor
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CAD/JPY BreakoutThis is breaking above a resistance level. Safest entry is to wait for a retrace that tests this level as a support then long to the target of the next high. Although it is still very bullish on MACD on 4HR and daily so this could easily continue to rise from here.
TP - 84.571
SL - 81.667
CADJPY, Bears are Expected..!As salam alaikum
T.A Review:
Bullish Channel
Consolidating since last Month
Another Falling Wedge
Holding Rejection zone i.e 82
Strong chances of pullback.
F.A Review:
Dollar strengthens and Covid can't be ignored.
FED decisions, NFP,ISM and PMI are on the way
as well. Market will be highly manipulative this
month.
CADJPY - Break out. Buy zone. Preload.
The price is being drawn to a strong level. The preload process demonstrates the struggle of buyers and sellers. The first side (buyer or seller) buys the movement of the second side and moves the price further. The second side is resistance. The goal of the first side is to tighten the price to a strong level and gain "energy" in the form of limit levels. The goal of the first side is to stop moving towards the level.