CADJPY Technical Analysis - NeutralIt is in a large support area and I am not very clear about it until I reach one of the areas marked to buy or sell. In any case, the risk benefit is good to assume (2: 1), also in case you break these marks when taking benefit it can be extended more. Also the analysis is very similar in different time frames.
Cadjpytrade
CADJPY Potiential Buying Opportunities- Multiple time frame confluence (bullish trend on each time frame in current swing).
- Break of pivotal zone and push above.
- Currently pushing bearish trend line on the monthly/weekly time frame.
If price breaks, closes above and retests this key trend line, I will be looking for long opportunities.
CADJPY BUYHello traders
We reached a former resistance zone which appears to be turning support. Look to buy around the 80.2/80.1 region.
If we break through 82, we might see a bigger movement on the upside else we'll test 81.7 and see quite a bit of retracement.
What do you guys think? Let me know in the comment section. Like and share this idea if you find it useful.
CADJPY - false break outFar level retest.
The price is returned for the retest level the previous touch of the level more than 1 month ago. Moreover, a strict number of false breakdowns.
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CAD/JPY BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation! As always we will have to wait for a confirmation!
CAD/JPY: Daytrade-Preparation
Market-Buy: 81,575
Stop-Loss: 81,340
Point-Of-Risk-Reduction: 81,790
Take-Profit: 82,090
Stop-Loss: 23,5 pips
Risk: 0,5% - 1%
Risk-Reward: 2,22
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Peace and good trades
Irasor
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