TradingView
ForecastCity
Sep 8, 2020 2:19 PM

Don't miss the great sell opportunity in CADJPY Short

Canadian Dollar/Japanese YenFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (80.8). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.

Take Profits:
TP1= @ 80.29
TP2= @ 79.87
TP3= @ 79.60
TP4= @ 78.97
TP5= @ 78.30

SL: Break Above R2

❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated! ❤️

💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
Comments
Mesutkashmar
Thanks for sharing.
ForecastCity
@Mesutkashmar, It's our pleasure.
Mesutkashmar
Great work!
ForecastCity
@Mesutkashmar, Thanks!
keem-trader
great analysis thanks for sharing
ForecastCity
@keem-trader, You're welcome. We hope you enjoy it.
Pro_Trader_007
It's amazing how you predicted the price action. 👌
ForecastCity
More