exploration
Long

Looks to Buy CAD/JPY Bollinger Band Idea

FX:CADJPY   Canadian Dollar/Japanese Yen
202 0 0
Looks to buy on on the RS1 ...the support and resistant lines on my chart line up with the Bollinger bands showing a good history of price action. Double Bottom On the Daily chart is a sign to sell. Price is moving in the ichimoku cloud i didn't add the cloud to the chart because of the bollinger bands but if you click on the ichimoku cloud you can see that price is inside the cloud..very intresting . There maybe retracement on the hourly chart when trade starts....I am adding the pivot method P is 78.9161...R1 is 79.3532...R2 is 79.7305...R3 is 80.1676 ....S1 is 78.5388....S2 is 78.1017...S3 is 77.7244

I think price will go to R1 and am ready if S1. Looks like stronge buy. The RSI is in a good position for a buy.
Follow my charts by clicking on the follow button. Thank You.

Tips on trading with the Bollinger Bands http://www.informedtrades.com/4206-bollinger-bands-forex-currency-trading-chart-indicator.html
A video on the Ichimoku Cloud method http://youtu.be/k-XG77_cooQ

This is free pivot calculator http://www.babypips.com/tools/forex-calculators/pivotpoint.php This link has tips on the pivot method and the math on how to caculate the pivot numbers http://www.babypips.com/school/how-to-calculate-pivot-points.html This persons video explains how to use the piviot method in detail http://youtu.be/nvMhj3n01D8 and this person explains in a video Pivot Point Strategy http://youtu.be/0D_O6ZeRRn8
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