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CADJPY Forecast: We will take a long position (Pending) @ 89.90 and collect profit by 90.10, 90.55 & 91.20 by risking 1-3%. Tips: Keep trailing your SL after 20+ Pips to lock your profit. Many confluence confirmed: Uptrend. Thanks to all those who have followed me and liked my post. Special thanks to all those who DM me and commented on my analysis wanting to...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (90.521). 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...
FX:CADJPY Medium term outlook
Daily break and retest - confirms uptrend 4H my preferred entry zone. double bottom formed at the demand zone . broke and waiting for 2nd retest. Take profit 1 and 2 are set at 90.880 (TP1) and 91.180 (TP2) Sl will be 5 pips below previous LH, will be adjusted at retracement if need be. Good Luck and Risk safe, don't gamble, even a perfect setup can fail. My...
Possible breakout at the 5th count of wave. showing descending pennant pattern indication the pair to have a trend continuation on showing confirmation candles at the support
EURCAD is going down to next Demand Zone as shown. EURCAD and CADJPY Daily Chart, it is going down to the next support levels in the Demand Zone as shown which is supported by our 8 Major Strength indicator showing that CAD is the Strongest one in recent days and EUR is going to weak side from these 2 days. JPY is the weakest one since last week. CADJPY has...
Cadjpy Correction Before Impulsive move to the down side
Bearish Divergence Approaching order block. Strong resistance area too.