Trading_Jazz
Long

(4h) Bullish Butterfly @127% (it can extend for Divergence)

FX_IDC:CADJPY   CANADIAN DOLLAR / YEN
FX_IDC:CADJPY            

I can wait for divergence at lower time frame, following the 2h chart

Butterfly Pattern // Engagement Rules // Educational ®

Safe Trades;
Comment: 1st target reached
Trade closed: target reached: At both targets
how this chart is related to EURUSD thread it appears in?
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The related idea perhaps! The "Engagement Rules" below the chart... it is an EU chart
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Hi, have you closed half positions or complete positions for this idea, there is any chance that it can reach Target 2?. Thank you
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Hi hcc, yes, half position closed, stops at breakeven. Trading against the trend, i still expect a close candle closer to the 38%, but if you do not feel safe, close it all! Again, against the trend. ;)
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Thanks for your analysis!
Here is my view on CAD/JPY if you are interested:

Based on Market Profile (volumes) and Price Action there is very strong swing support at 84.261. The market is in a strong uptrend and this is the closest strong support in the way up. If the market makes a trend correction I will go long from there.
In this support zone there are cummulated heavy volumes of big players who drove the price higher - you can see that in the Cummulative volume profile shown on the right sideof the chart.
There are more Market profile swing and intraday analysis at my profile page. You are very welcome there.
Dale
CAD/JPY  swing based on Market Profile and Price Action
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Trading_Jazz PRO Trader_Dale
@Trader_Dale, Thanks. I do not trade Volume on Forex, in my opinion it makes no sense to use it unless when trading stock markets. But thanks for sharing. And as a top author of all times on tradinview, top 13 at US and top 2 at UK, i have a lot of people asking me to visit the websites on my publications as you can imagine ;) i will try my best as soon as i have time to ;) Cheers
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