Don't miss the great buy opportunity in CADJPY Long

Canadian Dollar/Japanese YenFXCM

Description

⋅ Jul 31, 2020 1:41 PM

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (78.33). 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 70.

Take Profits:
TP1= @ 78.63
TP2= @ 78.82
TP3= @ 79.27
TP4= @ 79.60
TP5= @ 80.14

SL= Break below S2

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Comments

rithik8143

⋅ Aug 1, 2020 6:49 AM

Brother, I'm a student. I want to learn more from you. well, I like to do trading as my part time... what should I do?? please reply!!

Sir_Ray

⋅ Jul 31, 2020 4:48 PM

thanks.

ForecastCity_ME

⋅ Jul 31, 2020 10:21 PM

@Sir_Ray, you're welcome

Kamryn

⋅ Jul 31, 2020 4:23 PM

Thoughtful analysis, well done!

ForecastCity_ME

⋅ Jul 31, 2020 10:22 PM

@Kamryn, thank you for your comment.

Josef_anderson

⋅ Jul 31, 2020 2:50 PM

Thanks a lot

ForecastCity_ME

⋅ Jul 31, 2020 10:22 PM

@Josef_anderson, you're very welcome

Forecast_Crypto

⋅ Jul 31, 2020 2:41 PM

2 and 3 and waiting for 4

ForecastCity_ME

⋅ Jul 31, 2020 10:23 PM

@Forecast_Crypto, thanks for your comment.

Pro_Trader_007

⋅ Jul 31, 2020 2:32 PM

Easy to understand