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ForecastCity_EU
May 14, 2020 8:36 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 (76.0). 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= @ 76.95
TP2= @ 77.95
TP3= @ 79.10

SL= Break below S2
Comments
Kamryn
thanks for your ideas
ForecastCity_EU
@Kamryn, 🙏
Kristalyn
Nice idea
ForecastCity_EU
Shiva_forex
A bunch of good information. Thanks!
ForecastCity_EU
sara-kian-fx
Thank You for sharing!
sara-kian-fx
AWESOME ANALYSIS
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