It is in a large support area and I am not very clear about it until I reach one of the areas marked to buy or sell. In any case, the risk benefit is good to assume (2: 1), also in case you break these marks when taking benefit it can be extended more. Also the analysis is very similar in different time frames.
MKT may reverse from its support near its trendline/.
82.00 zone is very strong resistance for CadJpy and I expect this to offer a ceiling for the pair going forward. The rise from 78 is also in a rising wedge pattern and a break under 81 would expose this bottom of the range. I'm looking to sell this pair
CADJPY go for long! +Breakout trend line + Strong Support + Price action tells further above!
CADJPY has an idea to go for long; + Bullish Divergence + Strong Support + Breakout Trend Line
- Multiple time frame confluence (bullish trend on each time frame in current swing). - Break of pivotal zone and push above. - Currently pushing bearish trend line on the monthly/weekly time frame. If price breaks, closes above and retests this key trend line, I will be looking for long opportunities.
We can see market is going up in a up side channel. so it may test its previous support and then will go to resistence.
Hey traders, here is the analysis for the CADJPY. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
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.
Far level retest. The price is returned for the retest level the previous touch of the level more than 1 month ago. Moreover, a strict number of false breakdowns. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!