all options gathered, TRADE generated as the latest price action suggest topping process, the wide stop is to avoid from getting caught in a spike in case happens. you may consider closing only a portion at the target and let some to run lower than the target of this TRADE good luck
Trade Idea: This pair is in an overall downtrend, so my bias is favouring sells than buys. I'm looking for a break of the yellow trend line (Conservative Entry) and/or a retest of the orange RSI trendline (Aggressive Entry) to enter a sell towards the projected TPs. Technical Analysis: * This pair has break the short-term support now resistance zone, and its...
CADJPY as formed crab pattern on daily chart and looks like possible shorting opportunity.
thus is my view on this pair. if you see it different please comment so we can discuss
If the price will Break and Retest this resistive horizontal Level, it would be a good sign for buyers to take long entry with low risk, and potential profit would be many times bigger.
The outlined white arrow pathway is the predicted pathway that the CADJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where CADJPY will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...
you can buy this pair when complete the AB=CD pattern. Good Trade EK_analysis
Possible next move for CAD/JPY is upward, but before going long wait for it to successfully break the neckline and once broken lookout for the targets
I personally missed the touch into the FRESH DEMAND , but we could still potentially get an entry on a break & retest of this resistance level for 40-50 pips. Let's see how this plays out. Please follow me if you enjoy supply & demand or trading levels!
RSI signalling oversold area. Market forms a double bottom to signal trend reversal. Market will BUY. Warning; Trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
we had good first impulse to the upside and now we going through correction. As soon as we break the trend line and find good price action we will enter. please trade with good risk management.
Expecting bearish movement FX:CADJPY if we break the bearish flag. lets wait and see !
IMPORTANT use position size calculator, do not risk more than 1% move SL slightly below 2-day low as soon as new D1 candle closes
CAD/JPY is currently on daily trend line, i have also added a supply and demand zone where a possiblity of a further drop can happen but i am looking for it to bounce for a buy OANDA:CADJPY
CADJPY has been stuck in this range for WEEKS. I have continued to check it's situation however it is still struggling to break 85.75 high and 84.30 low, I will continue to monitor this pair but not really any opportunities to take advantage of until it break this box. Once it does, I will wait for a retest and then enter. Patience on this one guys! Unless...
Pending Long @ 86.00 Stop Loss @ 83.00 Target @ 94.00 RR Ratio @ 2.67 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.