ForecastCity

Don't miss the great sell opportunity in CADJPY

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (80.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CADJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.

Take Profits:
TP1= @ 80.29
TP2= @ 79.87
TP3= @ 79.60
TP4= @ 78.97
TP5= @ 78.30

SL: Break Above R2

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Comments

The BIG Profit Road Map charts are excellent.
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thank you for your feedback!
Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, What's your take on CADJPY?
Would appreciate if you share it with us.
Reply
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