Cadjpytrade
CADJPY approaching resistance, look out for potential reversal!
CADJPY is approaching its resistance at 81.192 where it is could reverse down to its support at a 80.246.
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Losses can exceed the initial investment so please ensure you fully
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SELL CADJPY AFTER PULLBACK From a weekly standpoint, CADJPY is a bearish . I will be looking for price to respect the support level at 79.976 and from the level, we can potentially see price retrace to re-test 81.566 (which was a previous point of support and will be resistance) before moving down to complete the move at 78.35.
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Possible Drop for CADJPY IncomingPossible drop for CADJPY. Price has remained under both 200 and 50 EMA indicating a short bias. Price has hit the resistance of the trend line channel as well as the horizontal resistance zone, both indicating a short bias. Small stop loss of about 40 pips and take profit of around 90 pips. FX:CADJPY
CAD/JPY : Sell From TOP of Structure to Caught Big DropDaily Trend Line Respecting DFrom upsde and also 4H Trendline are Respecting , we can see Big SDrop Soon in CADJPY.
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
CADJPY bounced from upside confirmation, potential for a further
CADJPY bounced off its upside confirmation at 82.733 where it could potentially rise further to 83.733.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.