CADJPY – Buyers in front of positive and save waves
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CADJPY – Buyers in front of positive and save waves
Trend: Strong Buy
Support/Resistance:
R4: 86.294
R3: 85.492
R2: 84.616
R1: 83.938
S1: 83.557
S2: 82.910
S3: 82.144
Price action:
Price is moving very slowly and is trying to get bounce at current price at 83.877 where is last higher high. That means we are at very strong decision spot, where the flow will come up to decision. Because price got up at recent higher high level, it has to retrace from first support at 83.557 level and then move up to first resistance level which is at 84.616. If the price is able to hold above first resistance level, then buyers have open area to higher targets we mentioned below.
At the moment this currency pair is more bullish then bearish, from many different courners that every Elite trader have to recognize by using Elite strategy.
Potencial trade idea:
Bulls targets:
T1: 84.616
T2: 85.492
T3: 86.294
Bears targets:
T1: 82.144
NOTE – We are trading CADJPY via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
Use our free analysis where you have everything you need for potencial trade ideas and profit.
CADJPY – Buyers in front of positive and save waves
Trend: Strong Buy
Support/Resistance:
R4: 86.294
R3: 85.492
R2: 84.616
R1: 83.938
S1: 83.557
S2: 82.910
S3: 82.144
Price action:
Price is moving very slowly and is trying to get bounce at current price at 83.877 where is last higher high. That means we are at very strong decision spot, where the flow will come up to decision. Because price got up at recent higher high level, it has to retrace from first support at 83.557 level and then move up to first resistance level which is at 84.616. If the price is able to hold above first resistance level, then buyers have open area to higher targets we mentioned below.
At the moment this currency pair is more bullish then bearish, from many different courners that every Elite trader have to recognize by using Elite strategy.
Potencial trade idea:
Bulls targets:
T1: 84.616
T2: 85.492
T3: 86.294
Bears targets:
T1: 82.144
NOTE – We are trading CADJPY via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy