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ForecastCity_ME
Jul 8, 2020 4:05 PM

Don't miss the great buy opportunity in CADJPY Long

Canadian Dollar/Japanese YenFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.15). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.

Take Profits:
TP1= @ 79.65
TP2= @ 79.95
TP3= @ 80.65
TP4= @ 81.40
TP5= @ 81.90

SL= Break below S2

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Comments
Shiva_forex
I think I'm gonna trade this one, thank you for sharing this Amazing content.
harimathira
@Shiva_forex, ✋️
ForecastCity_ME
@Shiva_forex, you're welcome. Thank you for your support.
harimathira
Down😪
Mesutkashmar
Nice Set-up
ForecastCity_ME
@Mesutkashmar, Thank you for your support
Pro_Trader_007
Thanks for this !
ForecastCity_ME
@Pro_Trader_007, you're welcome. Thank you for your support.
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