Wait for the break of the trendline. We opened three positions and we will update with further trade management.
Welcome to our Trade Setups - June 03th ( CADJPY ) ! SELL CADJPY ENTRY LEVEL @ 91.054 SL @ 91.230 TP @ 89.998 Max Risk: 1% - 3%! Risk/Reward Ratio: 6 Leave us a comment or like to keep our content for free and alive. Have a great week everyone!
CadJpy Approximated 40 pips surely to reach one of my resistance levels.
#CADJPY Weekly Outlook Here is the possible Scenarios on CADJPY
CAD/JPY has reached a multi-year resistance level. It looks unlikely for the bulls to break through this strong resistance in the first attempt. So, there might be a moderate correction soon. A sell entry@91.10-91.60 with SL above 92 and initial TP at 88 could be a possible sell signal based on the weekly chart.
CADJPY looks to be in Phase C of a Wyckoff Distribution. Price currently reflecting the UTAD, expecting price to follow the Distribution template on the chart.
The uptrend of CADJPY is seeing some cracks and on a purely risk reward basis we should short the pair near 90.00 levels for a 100 pips TP gain.
Welcome to our Trade Setups - May 26th ( CADJPY ) ! SELL CADJPY ENTRY LEVEL @ 89.926 SL @ 90.989 TP @ 85.667 Max Risk: 1% - 3%! Risk/Reward Ratio: 4.01 Leave us a comment or like to keep our content for free and alive. Have a great week everyone!
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Welcome to our weekly trade setup ( CADJPY )! - 1 HOUR Bullish fakeout. 4 HOUR Expecting a price turnover. DAILY More bearish pa expected.. - FOREX SETUP SELL CADJPY ENTRY LEVEL @ 90.300 SL @ 90.680 TP @ 89.720 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and...
CJ in major supply zone. After the breakdown of the rising wedge, we could get a continued bearish wave here!
small wadge shows that bearish market too 88.88 as a short target and too long position market sentiment is bullish too 91.71
This pair is currently consolidating heading south. Just watch and see. Enjoy
watch out for the PA.. The head has a double top created at 90.65 levels and now right shouldering making, important CPI data to follow from Canada, keep an eye a good short of 115 pips is waiting for you. would recommend to sell by market as risk to reward is good here sl above 90.75 (4H) closing
Bearish Engulfing candle followed by small bullish engulfing gives clear sign of a pullback in place. Fibonacci extension shows price fighting to push through the Golden zone but Lower highs were made as well signaling some type of reversal. getting in on a sell position for a scalp. TP/SL indicated in chart
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions