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vip_Trader
Jan 10, 2017 6:25 PM

waiting for cypher pattern to complete on CADJPY Long

CANADIAN DOLLAR / JAPANESE YENICE

Description

waiting for cypher pattern to complete on CADJPY, D will complete when price reach 86.75-86.50

Comment

price almost reached our entry point, I'll enter my trade when price reach @68.70

Trade active

order activated

Comment

order still active and you can take another long trade from this area
Comments
Trader_Dale
Thanks for your analysis!
Here is my view on CAD/JPY if you are interested:

Based on Market Profile (volumes) and Price Action there is very strong swing support at 84.261. The market is in a strong uptrend and this is the closest strong support in the way up. If the market makes a trend correction I will go long from there.
In this support zone there are cummulated heavy volumes of big players who drove the price higher - you can see that in the Cummulative volume profile shown on the right sideof the chart.
There are more Market profile swing and intraday analysis at my profile page. You are very welcome there.
Dale
vip_Trader
@Trader_Dale, good analysis, lets keep watching
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