Fxprotrader
Long

CADJPY Potential Buy Setup For A Big Up Move

FX:CADJPY   Canadian Dollar / Japanese Yen
353 10 17
Price is moving in a descending channel and it's now testing its upper bond. A MACD divergence is showing that this down move is about to end we we might soon have a breakout above the channel. Keep an eye for a breakout, wait for a correction and you may then go long in CADJPY             .

Click the link below for an example of how wave patterns work...
thanks for sharing. bought at 85.50
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Fxprotrader ShauntheSheep
85,50..? Did u mean 83.50?
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ShauntheSheep Fxprotrader
sory 83.50
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Fxprotrader ShauntheSheep
Ok, good luck then. I still have no entry till now, based on my startegy.
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ShauntheSheep Fxprotrader
ok...though I wonder why..
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Fxprotrader ShauntheSheep
What i post is only my analysis where i describe where the market may go. Entering the market depends on a strategy anyone follows. I personally trade wave and advanced patterns. So now that we have a breakout i wait for a pattern to complete.
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ShauntheSheep Fxprotrader
btw you may take this as the first target, a little lower than yours.

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Fxprotrader ShauntheSheep
It looks very good..!
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ShauntheSheep Fxprotrader
and long term very up I suggest. well I mainly trade daily... but sometimes I have to admit that charts of lower time frame provide better entries. thanks for sharing!
+1 Reply
Fxprotrader ShauntheSheep
No problem at all.. have a nice day.!
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