Price is approaching our support in line with our horizontal pullback support, 50% fibonacci retracement and 61.8% extension where we could see a bounce above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well in line with our bullish bias.
Hello traders We reached a former resistance zone which appears to be turning support. Look to buy around the 80.2/80.1 region. If we break through 82, we might see a bigger movement on the upside else we'll test 81.7 and see quite a bit of retracement. What do you guys think? Let me know in the comment section. Like and share this idea if you find it useful.
We can see that the prrice has reached the horizontal line support and trendline support
i think price gonna bounced off from the support line
Price is approaching our first support at 81.403, which is in line with our 127.2% Fibonacci extension and horizontal swing low support. It could potentially bounce from first support and rise further to our first resistance at 81.727, in line with our 50% Fibonacci extension, 50% Fibonacci retracement and horizontal swing high resistance. It is also worth noting...
I took this trade with the team earlier today but the lack of market volume means we haven't got very far. I am hoping for a strong clear move to the downside, I will update you on the progress.
Hey tradomaniacs, welcome to a new free trading-setup. Note: This is meant to be a preparation! As always we will have to wait for a confirmation! CAD/JPY: Daytrade-Preparation Market-Buy: 81,575 Stop-Loss: 81,340 Point-Of-Risk-Reduction: 81,790 Take-Profit: 82,090 Stop-Loss: 23,5 pips Risk: 0,5% - 1% Risk-Reward: 2,22 LEAVE A LIKE AND A...
Trading Signal: There is a Trading Signal to Buy in CADJPY Currency Pair. Traders can open their Buy Trades NOW If you liked our ideas, please support us with your likes 👍 and comments.
Price is testing our first support at 81.549, in line with our 100% Fibonacci extension, 61.8% Fibonacci retracement, and horizontal overlap support. It could potentially bounce from here and rise further to our first resistance at 82.121, in line with our 61.8% Fibonacci extension and horizontal swing high resistance. It is also worth noting that the Ichimoku...
Price is facing bullish pressure where a break above our upside confirmation level could see a further upside
CAD - BULLISH 1️⃣ Hopes that a coronavirus vaccine could be used soon and oil prices at the support level of $44 a barrel. JPY - BEARISH 1️⃣ The upbeat market mood undermined the safe-haven JPY, as investors digested positive coronavirus vaccine news. ===== Technical ===== We are looking buy the CADJPY above the RBS + above the SMA 50 on the H1 chart.
Price is facing bullish pressure from our ascending trend line where we could see a further upside above this level to our first resistance target. A break above our upside confirmation level would provide the bullish acceleration to our first resistance target.
Hello everyone Hope you guys are having a good trading day here's a swing idea on the CAD/YEN which is still trading in a descending channel structure pictured clearly on higher time frames looking for a test of the roof of this structure and will be monitoring price at this level. coming down to the 4H chart we just saw a rejection at resistance level 81.57,...
We are currently in a very good looking uptrend that is gathering strength to continue. The last part of this trend starts from the middle of the previous month. Current levels are important, where the price meets resistance from the daily chart. However, it seems that there will be strength to break and reach the following resistances: 81.85 82.05 82.27 You can...
After the pair succeeded in breaching the triangle, the pair is looking towards the resistance at 82.0, which breaching it is a strong buying opportunity towards the strong resistance at 84.00