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ForecastCity
Aug 13, 2019 5:34 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 (80.00). 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 61.

Take Profits:
TP1= @ 81.15
TP2= @ 82.05
TP3= @ 83.20

SL= Break below S2
Comments
Pro_Trader_007
A bunch of good information. Thanks!
ForecastCity
@Pro_Trader_007, You're mostly welcome.
UnknownUnicorn4782056
Do you think this is still in the game?
ForecastCity
@benanderson129, Yes, we think that there is a possibility of temporary retracement to suggested support line (80.00)
fxniki
Thanks for sharing such a great opportunity to buy in CADJPY.
ForecastCity
@fxniki, You're welcome.
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