The price in a descending channel is directed towards the support level. I think that after a slight pullback to the resistance level, the price may fall to support. My goal is 87.0 Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Example CADJPY daily setup is a swing trade using the position size calculator, on chart. This should be down on all trades down, for risk management and to trade Forex for a lifetime and be part of the winners in trading. Yes, this example is on daily, but practice on 4 hour, 1 hour or lower charts using position size calculator. There are several free...
Example is on CADJPY 15 minute example chart. This is #1 best risk to reward setup for retail traders- scalpers and/or day trading. The noted risk to reward on chart example was 1:2 or 20 pips stop to 40 profit or target. Use this with engulfing, harami or pinbar candlestick(s) setups. good luck.
FX:CADJPY The yellow and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance. Good luck guys. IRFOFC
Pattern: Trend wedge Confirmation: Multiple trend respectful rejections validating trend. Price range starting to get squeezed. Entry: Entry will be called in our private chat. What we are waiting for is a bounce on the trend or a break and test of structure before entry. Currently it has failed to reach the reversal indication on the FIB @ 0.618%....
CADJPY is going to down. You can sell at 87.410 profit level at 85.730 stop level at 88.030
Follow the trend (intraday setup) Entry based on price action and confirmation. Overall trend is still bearish Trade safe!
cad/jpy is going short, looking at the 1D chart showing a head and shoulders i dived into it and saw a reversal pattern which confirms the major tend (head and shoulders)
CADJPY broke the symmetrical triangle pattern and has a probability to continue moving upward. The momentum indicator is flattening in the overbought area, indicating that CADJPY has a chance to create a base before going up to the target area. The Roadmap will be invalid after exceeding the target or support area.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (88.038). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (88.038). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts...
At the last buy.... or it change direction ......... so far no pattern yet But the markert still buying till the level is broken
A reversal pattern, Head and shoulders is forming at a weekly residence line with a strong rejection at the second shoulder which seems to likely end the week with some evidence of buyers termination, hence in 1D, sellers seemed to have taken control. So if rejections continue towards our anticipation, thus we continue to sell! Please comment.
CJ been in a overall sale since June. This looks like a nice setup for next week, & good entry on the m15. if you agree don’t forget to gimme a follow plssss
Hello Everyone , Bullish order block touch the support line . Thankyou
CADJPY Possible major buy drive, hold on tight if this rocket takes off!
Hello Dear Traders, You find below my analysis for CAD/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame CAD/JPY will fall to 87.75 as I am showing in my chart. Our Daily Goal is 87.45. Currently, CAD/JPY is moving towards the resistance level 88.35,where there is some liquidity from this...
Going short on cadjpy , rising wedge Formed on the 4hr time frame