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CADJPY broken the key structure and now retesting, this comes to our notice to get ready for selling find confirmation for your trade.
Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and share for educational...
CADJPY SEEMS TO CONTINUE IN BEARISH RUN
Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and share for educational purposes hence no idea we publish should be considered an investment advice.
I mostly share...
CADJPY running in bearish moved, and it has now reached the key support level and broken the structure.
The support became resistance, i expect bearish continuation to the next major support level.
CADJPY Sell trade opportunities
Overall it's a sell trend that recently breakout the short-term support line next prediction is will retrace some pips to test the resistance line as I mentioned in the chart it will be a very good opportunity to sell the trade on the resistance area with good risk rewards
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (108.33).
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 a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (105.60).
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 as a...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (105.56).
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 as a...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (100.94).
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 below the 21-Day WEMA, which acts as a...
CADJPY Update: Possible move to downside, If JPY Index start crawl upside then, we can see more drop.
SL: 101.329
Take Profit: 98.712
Enter with proper risk management*
Best of Luck :)
Wait for price to reach sell zone.
Be patient while consolidation.
Enter with minimal stoploss.
Big negative news will be there for this pair at tomorrow early morning.
We can get at-least 200pips if reversal happens.
Before entering the trade DYOR.
Time To Open Short Looks Very Decent and Profitable Trade
Can Enter Now As its around our Entry Trigger
addtional Entry Can Be Seen in Chart When it Will Break the Rising Wedge
See You Soon
Have A profitable Trade
You can see a clear Bearish divergence, and a long red candle, which indicate that its time to short CAD, also JAPANESE YEN CURRENCY INDEX is down and CANADIAN DOLLAR CURRENCY INDEX is up.
we have got extended move to the upside, + we have even achieved 3x ADR + 3(psychological no.) pushes to the upside market makers have formed sweet M which tells we are going to mark down phase
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