cadjpy went last week as we predicted now market is going to have some recovery main support area and demand zone look for bullish confirmation on lower time frame and buy cadjpy with proper money management always remember patience is the key
Great analysis man ! But may I state my opinion? I am still a new trader but I was thinking it might go down because on the 4 hour it broke it’s previous low. And on the daily it looks like it wants to break its low even though it’s about 200 pips away from the low on the daily. I’m probably wrong but could you review my comment and tell me what you think!
gl050101
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@gl050101 and it also broke a trend line which may mean it’s going down ??? But again I may be wrong and I’m still kind of new to trading! But please tell me what you think! If I’m wrong I want to know why !
Hamaitifx
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thanks for the comments let me explain my setup first of all I'm any pairs prediction or analysis we have look upon the index charts of both pairs totally agreed with you that it broke the trend line and went down which was analysis last week and we sold it right on top and gained 350 pips now market has to make a recovery and we are going to catch that right now market is at strong demand zone of weekly and also daily it can go down yes but the high probability is to go up because of JPY index expected moves thanks
Hamaitifx
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check my last week analysis of cad jpy which mentioned in the description dear
KwamePuni
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nice analysis even though price broke down....there is a strong bullish movement seen waiting for it to break and retest above that key level and i am in ..nice analysis