Trade Idea for CADJPY
Bias: Very Bullish
Overall Score: 9
Commitment of Traders (COT) Bias: 3
Institutional traders are showing a robust bullish sentiment towards CADJPY, indicating a forecast of continued upside.
Retail Sentiment: 1
Retail traders appear to be bearish on CADJPY. Given the tendency for retail traders to often be on the losing...
SHORT TRADE IDEA
Entry: with price below 10.82
Volume: with volume greater than average
Target: 8.90 area (this is an area, no guarantee it reaches this price, but you should be selling on the way down)
Stop: Depending on your risk tolerance; I would have a hard stop set at 11.39, 1 penny over the high of the gap up candle.
LONG TRADE IDEA
This is trade idea for AUDUSD Day Trade
-Sell around FVG according to the confirmation that will occur.
-Price below SSLQ Asian KZ
-Possible bearish price movement towards the support.
-Risk Reward 1:2
A potential Reversal on VRAUSDT is imminent as things are looking incredibly overbought at the moment.
To further back the point of a potential reversal, Bitcoin, which leads the crypto market, is also looking oversold.
On higher timeframes, a reversal has not been signaled yet, but things are also looking oversold.
There can be a potential short squeeze...
AUDUSD - Intraday
Buying pressure from 0.6331 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to sell into rallies.
Previous resistance located at 0.6510.
We look to Sell at 0.6510 (stop at 0.6540)
At the moment, I think it will be too soon for me to say there would be a reversal or a continuation, however a breakout on either side is what I'd love to see before taking a position.
A break above the and its retest, 2.04919 I will go long
A break below the and its retest, 2.04036 I will go short. Until then, fingers crossed
All trade ideas are...