A potential short-term trade possibility is shown on CADJPY where Elliott wave oscillator is hinting for a shift in momentum towards the bullish side.
I would expect an increase in price for CADJPY, Let's see what will happen. ...Take it into the consideration anything can be possible to happen, if it breaks down the support level this idea would be failed. You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
Previously got stopped out, but re-entering as market opens. Still bullish for the following reasons: 1. Price making higher lows 2. Latest level is holding up. Price pulls back to 79.90 but fails to break lower. We end up stalling at this level.
We have a very serious support line in the weekly chart at $ 76 and CADJPY is still close to the line which means it's a good time to buy. RSI is very low Stochastic crosses lines at 20th Buy with a target of 79.2
With CL1! in an uptrend we should soon see an uptrend on this one, as well; however, if JPY continues to show some strength then it will cause a temporary downtrend pullback before the uptrend continues. BLO #1 @ 81.50 (If CL1! shows strong) BLO #2 @ 80.50 (If JPY shows strong) TP @ 86.00
CADJPY this Forex instrument is trending Up 1st Buy Alert Has Been Enabled Since Oct 8th Upside Objective 8250 ABO Level 8150 Learn how to win with, Easy Color Application Rules Utilize these Alerts in synchronicity with our, Dynamic Tools Maximize your true potential now with razor sharp technology Follow us.... to achieve extraordinary great success
Our signal is buying even though the trend is down. We're on support at 79.67 so the Stop loss can be very close. The Low Level Stochastic with Oversold Cross Lines. Target: 81
Bismillah For the bigger timeframe, i would like to say that this pair is currently start moving up and uptrend will in surge. However, in the lower timeframe, which is TF H4, there is a valid signal that a minor retracement trend will be taken place. It can be clarified by price successfully breaking up the lower trendline of TF H4, and also close below the...
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Good buy opportunity on this pair. I have marked the entry, stop loss and take profit. Capital risked: 1% Risk to Reward - 1:2 Be alert and pay attention to the simplicity and similarities in the setups. Your mind is a sucker for habit so you can turn your technical analysis into one. Happy trading all! :) Malika K
Follow the screen.
IMPORTANT use position size calculator, do not risk more than 1% move SL slightly below 2-day low as soon as new D1 candle closes
Respected followers, as we can see that CADJPY is testing its support levels 3rd time. On the current level we can assume that market will go up from here to defined take profit.
hi again , lets work harder see the result we hope forecast goes well as we see
CADJPY on the daily time frame has a nice break out from its resistance and the trading channel. For possible resistance levels we have to go back in time, back to 2015 to be exact. The resistances that you see are based on CADJPY trading ranges from 2015 and the last time that CADJPY traded between 92 and 102. Giving the recent rate hike and the more than decent...
As seen on the graph represented for you, the 2-hr ascending trend line has still been intact. Whenever it has broken a consolidation, it has allowed to push higher... then back to consolidation before any push higher. Due to the recent events of the Bank Of Canada wherein it has applied a rate hike after years of keeping the rates intact, the Canadian Dollar has...