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ForecastCity
Feb 12, 2020 8:13 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 (82.80). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CADJPY in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 80.

Take Profits:
TP1= @ 83.50
TP2= @ 83.90
TP3= @ 84.55

SL= Break below S2
Comments
fxniki
I think it's a brilliant idea. Thanks for sharing.
ForecastCity
@fxniki, Thanks for your comment.
Forecast_Crypto
Thanks for sharing!
ForecastCity
@Forecast_Crypto, You got it.
Forecast_Crypto
I like your Ideas very easy to understand!
ForecastCity
@Forecast_Crypto, We are so happy you liked it.
Best_Forecast
thank you very much for your analysis!
ForecastCity
@Alexander_007, Any time.
Best_Forecast
Love the clean analysis, very nice
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