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ForecastCity
Jul 31, 2020 1:36 PM

Don't miss the great buy opportunity in CADJPY Long

Canadian Dollar/Japanese YenFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (78.33). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 70.

Take Profits:
TP1= @ 78.63
TP2= @ 78.82
TP3= @ 79.27
TP4= @ 79.60
TP5= @ 80.14

SL= Break below S2

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Comments
sara-kian-fx
So nice work! Share more such ideas!
ForecastCity
sara-kian-fx
Made good money on your ideas
ForecastCity
@sara-kian-fx, We're happy to help! 💙
Sir_Ray
This is such a complete analysis, Thank You for sharing!
ForecastCity
@Sir_Ray, You're most welcome!
Josef_anderson
Thanks a lot
ForecastCity
@Josef_anderson, You're very welcome!
Forecast_Crypto
amazing
ForecastCity
@Forecast_Crypto, You're very welcome! 🍀
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