CADJPY weekly analysis , Sep 8-11CADJPY pairs formed a Rising wedge pattern, before hits down it may go up at the resistance area of 81.800 , and all the way down ..
CADJPY trade ideas
CADJPYJPY pairs are known for its stop loss hunting abilities.. wait for your buy setups and go long in this pair.
Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (81.1). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 32.
Take Profits:
TP1= @ 80.50
TP2= @ 79.93
TP3= @ 79.50
TP4= @ 78.97
TP5= @ 78.40
SL: Break Above R3
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Current situation on CADJPYThe pair is currently rejecting from a major level of resistance. The lower time-frames indicate a trend reversal.
A short position with a tight stop-loss and a take-profit at 1:3 risk reward is preferable.
the opportunity is in the 4 Hr time frame.
CADJPYLooking for short on this pair, what are your thoughts about this let me know, comment down and tell me your views.
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.87). 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 75.
Take Profits:
TP1= @ 80.55
TP2= @ 80.95
TP3= @ 81.65
TP4= @ 82.25
TP5= @ 82.75
SL= Break below S2
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CAD/JPYI am looking for conformation bcz market have close levels and many market respect that level if it shows a good bullish momentum than i will go with buyer so lets wait for conformation for both the sides ....
Rising wedge - SellTrend - Short
Nature - Corrective phase
Pattern - Rising wedge
Risk : Reward - 1:5
SL - 20 pips
Rising wedge is highly suggestive of a reversal in trend from long to short
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (78.5). 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 54.
Take Profits:
TP1= @ 79.30
TP2= @ 80.15
TP3= @ 81.75
TP4= @ 82.90
TP5= @ 84.55
SL= Break below S2
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Don't miss the great buy opportunity in CADJPYTrading 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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BULL FLAG - LONGLong term trend - SHORT
Current trend -LONG
Nature - CORRECTIVE PHASE
Pattern - BULL FLAG
Stoploss - 33 pips
Risk: Reward - 1:3
Price has broken out of a reversal pattern (Falling wedge) and now forming a continuation pattern (bull flag)
high risk forex trade Short cadjpy Stoploss above upper trendline
target as shown on chart
for educational and learning purpose
trade at your own risk
Descending channel - BuyTrend - Short
Nature - Corrective phase
Pattern - Descending channel
Risk : Reward - 1:2
SL - 20 pips
Descending channel is a reversal pattern suggesting a bullish move soon
Don't miss the great buy opportunity in CADJPYTrading 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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ForecastCity English Support Team ❤️
