TradingView
ForecastCity
Apr 2, 2020 3:01 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 (75.89). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.

Take Profits:
TP1= @ 76.95
TP2= @ 77.47
TP3= @ 78.45

SL= Break below S2
Comments
aazs
thank you
ForecastCity
@aazs, You're welcome. we hope you like it.
Forecast_Crypto
Thank you for your time and sharing of knowledge.
ForecastCity
@Forecast_Crypto, We hope you find it helpful on your own trades.
Forecast_Crypto
Running Profit
ForecastCity
@Forecast_Crypto, Great. thanks for sharing your happiness with us.
Forecast_Crypto
Thank you for your perfect Support / Resistance and Technical Analysis!
ForecastCity
@Forecast_Crypto, You're welcome. we hope you find it beneficial.
fxniki
I think it's really a great buy opportunity in CADJPY. And many thanks to you for publishing it.
ForecastCity
@fxniki, Thanks for following us here.
More