Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.15). 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 55.
Take Profits:
TP1= @ 79.65
TP2= @ 79.95
TP3= @ 80.65
TP4= @ 81.40
TP5= @ 81.90
SL= Break below S2
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Cad-jpy
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.15). 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 55.
Take Profits:
TP1= @ 79.65
TP2= @ 79.95
TP3= @ 80.65
TP4= @ 81.40
TP5= @ 81.90
SL= Break below S2
❤️ 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 ❤️
CADJPY: Looking to buy the breakout!I am looking to buy the breakout of this structure to the upside.
We have a nice curve pattern acting like a resistance and price is currently developing in a bullish flag.
I will only consider buying the pair whenever the price is beyond the curve and above the flag.
My 1st target will be the former resistance which stopped the price multiple times over the week.
In case it breaks to the downside my trade will be cancelled.
***Trade with care and at your own risk***
Bullish view on CADJPY by ThinkingAntsOkMain items we can see on the chart
a) The price has broken a range (yellow lines)
b) After the breakout, we saw a huge bullish movement and now we can see a retest of the zone
c) On the Zone, we saw a corrective structure (purple lines)
d) The corrective Structure has been broken
e) Based on that we expect that if the price goes above the green line, that will be a confirmation for the bullish movement to come
Daily Chart:
CADJPY Price has bounced off the 618 fib level! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CADJPY is reversing after touching the trendline | 26 JuneCADJPY is reversing after touching the trendline and could drop further !
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
CADJPY is reversing after touching the trendline | 26 JuneCADJPY is reversing after touching the trendline and could drop further !
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
CADJPY ANALYSISCADJPY respects major uptrendline on H4 frame
Pair is based above demand zone at level 78.40
Price broke corrective downtrendline
MACD shows bullish momentum
RSI is above level 50
It's expected for the continuation of bullish momentum to target first key level at 81.60
then finally target supply zone at level 84.65
CADJPY ANALYSISCADJPY respects major uptrendline
Pair is based above demand zone at level 78.40
Price broke corrective downtrendline
MACD shows bullish momentum
RSI is above level 50
It's expected for the continuation of bullish momentum to target first key level at 81.55
then finally target supply zone at level 84.65