We see a correction of 200 PIPS from the current level. Let's Watch !!
Buy CAD/JPY after a retracement/pullback as shown in the chart. Respect the Entry, StopLoss & Take Profit Zone . Hope, this will be a nice trade. :)
Price broke out of a downward channel on H4 on the 2nd of May so the price is most likely gonna continue pushing higher and higher till 84.200 Buy Limit order at 82.870, SL=82.72 and TP=83.80 -61.8 retracement to a base price area (Grey rectangle around 61.8 retracement) -RSI heading towards oversold -Broadening triangle -Upward trendline most likely to...
Buy this pair at current level and book profit at 82.46. get out at 81.20
Drawing channels and resistance levels on CadJpy shows a very interesting setup. CadJpy has been trading inside this channel since february and so far every wave that tried to break the upper range was followed by a strong bearish wave that kept the decending channel intact. Stoch Rsi shows that theres enough fire power left for a possible upwards break. However...
Patiently waiting for an entry near hit of bearish trendline!
The CADJPY isn’t something I trade often. But recent price action suggests the pair could be in the early stages of the next leg higher. And with the right amount of patience, the technical structure that’s been forming since mid-February could offer an attractive entry. The pattern I’m referring to is the descending channel that extends from the February 15th...
30 MIN Chart potential bat pattern.
Descending channel is about to be broken. The pair will fall down to 80 in coming days. We post more charts on lower time frame to further elaborate the idea.
On Friday the CADJPY broke below the 84.60 handle. This level supported the pair on December 5th of last year but had more recently attracted buyers on February 28th and March 9th. Today’s high of 84.61 illustrates a retest of this area as new resistance. And last week’s breakdown suggests that we could see prices continue to slide lower over the next few...
Hi,traders!The price will test 84.8!I hold a point:Good charts does not more words to explain! Good luck!
After completing double top, the price is going towards double bottom at 84.80 to 85.00 level - We see a big move from 85 to 86.50 in a shorter period of time.
Take Entry @ 85.10 Take Profit @ 83.30 Stop loss @ 87.65