Ascending channel is formed in LTF the price might get rejected after 3rd touch and move down towards the previous swing point and then may continue to move upwards . We can take a risk entry at the 3rd touch with 15 pip sl and then hold till previous swing and can look for a buy after the rejection from previous swing with a good candlestick formation
Looking for a BRT (break and retest) here. Watch and wait for bullish price action at the support level. Always enter after confirmations of bullish price action. A bullish engulfer, an evening star, a hammer, a full bodied bullish candle that breaks minor resistance, etc. Let me here from you in the comments! Like and subscribe, people!
Here is my idea for CADJPY . Index JPY will grow soon. For guidance, find the Index Japan Below on my related post. If you have any idea, leave comment and like this post. Also if you need education and any questions, feel free send me message or inbox. Thank you
H and S or just retest support and price make higher high
Hi Traders CAD/JPY (H4 Timeframe) A high probability, entry to LONG is forming @ 85.083 after the market found support @ 83.588. Only the downward break of 83.588 would cancel this bullish scenario. Trade details: Entry: 85.083 Stop loss: 83.588 Take profit 1: 85.965 Take profit 2: 87.460 Take profit 3: 89.897 Score: 8 Strategy: Bullish Breakout
Hi Traders CAD/JPY (H4 Timeframe) A medium to high probability, entry to go SHORT is forming @ 83.071 after the market found resistance @ 83.928. Only the upward break of 83.928 would cancel this bearish scenario. Trade details: Entry: 83.017 Stop loss: 83.928 Take profit 1: 82.480 Take profit 2: 81.569 Take profit 3: 80.084 Score: 7 Strategy: Bull Trap
Hello tea, price has been in a bullish trend for sometime now. looking for trend following trades is key to always following the trend.
CADJPY, approaching Strong Support Zone!
CADJPY, Retesting Breakout and has a strong Support... Watch out Friends!
CADJPY has an idea to go for long; + Bullish Divergence + Strong Support + Breakout Trend Line
While CAD/JPY rates are still hovering below resistance that is constraining a breakout.it’s too soon to say that the CAD/JPY bullish breakout attempt has been denied. It remains true that clearing 81.58 and 81.91 would be strong indications that CAD/JPY rates were embarking on an earnest bullish breakout attempt… CAD/JPY rates are starting to regain bullish...
Good for 150-400 pips
The CAD being the worst G10 currency Canadian funds are bailing out of anything CAD denominated, an mass!
make sure to take partial profits at 80.75/85 area and lower the STOP into the money good luck !!!
CAD/JPY BUY NEAR @80.20/40 PRICE ZONE SL: 77.70 TP: 82.50
all options gathered, TRADE generated as the latest price action suggest topping process, the wide stop is to avoid from getting caught in a spike in case happens. you may consider closing only a portion at the target and let some to run lower than the target of this TRADE good luck