JPYCAD trade ideas
💡Don't miss the great sell opportunity in CADJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (81.94).
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 downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 81.24
TP2= @ 80.56
TP3= @ 80.18
TP4= @ 79.27
TP5= @ 78.35
SL: Break Above R2
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CADJPY GOOD SHORT CANDIDATECADJPY CMP 80.650
Bearish shark pattern formation.
PRZ around 80.690 - 80.705
SLZ above 80.785.
Targets 80.500,,80.400
💡 Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (81.45). 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 35.
Take Profits:
TP1= @ 80.90
TP2= @ 80.46
TP3= @ 79.81
TP4= @ 79.21
TP5= @ 78.35
SL: Break Above R2
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. . . . . Please show your support back,
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Now, It's your turn!
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CADJPY : LOOKING FOR SELLING OPPORTUNITY!The setup looks perfect enough for the sell side, Can see a potential move to the downside, Always stick with 1-2% risk management. Entry looks good though. Have a great weekend! Cheers.
CAD looking better over JPYThe pair in a sym triangle pattern from long. and now has reached the horizontal and trendline resistance zone.
making a head and shoulder pattern at top. expecting a retracement to nearest support/resistance zone also a retracement to .5 - .618 fibo levels.
please sell on the close of this 4 hour candle
cadjpy week level - BuyHi, The Main point is buy trend
for cadjpy ..serveral time cross for
81.300.Now its confomed for doji pattern
for last week.
2nd confirmation for local 618 move on
80.500
so finally u have to get small lots for cadjpy.
Aim is 84.3
If u like support.
💡 CADJPY . Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 77.60, beginning of uptrend is expected.
We make sure when the resistance at 81.75 breaks.
If the support at 77.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 79.21 on 11/23/2020, so more gains maximum to Major Resistance (81.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 66.
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ForecastCity English Support Team ❤️
CADJPY PREFERS SHORT.The counter CADJPY is in the resistance trend line from 25thNovember which has been tested twice at the prices 80.49 and 80.25. Today the counter has made an entry at the price 80.25 and it started moving even more downwards. It’s the right time to go for a short and the bearish trend will continue further. The stochastic indicator curves started moving downwards from level 80 which gives additional support to the description.
