TradingView
ForecastCity_EU
Mar 31, 2020 7:41 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 (76.00). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 56.

Take Profits:
TP1= @ 77.10
TP2= @ 77.60
TP3= @ 78.36

SL= Break below S2
Comments
sara-kian-fx
Nice analysis as usual
Forecast_Crypto
Thanks
Forecast_Crypto
I will focus on this one too.
More