CADJPY - LONG - BULL FLAGPrice has been formed a hover inside an descending channel.
Looking for LONG entries
Keeping in mind there is always a possibility that the price can drop 1 more time to form a double bottom before going LONG.
JPYCAD trade ideas
CADJPY wait for levels Closing above .......mid line may push
stock to upper resistance where we can short for down target and
rejction below ...... mid line can push stock
on down support where we can make buy position ,
what is your view
SELL CADJPY!!! CADJPY has been on the bull run for the past 3 days. this may be the time that we can short this pair and close our longs in it.
It has strong resistance at this point. So, we will be taking a short if and only if prices close below this resistance level and follow the next day the downtrend.
So maybe tomorrow we will be taking the short for the target of 77.700 approx. It will be a short profit position because CADJPY is still bullish biased!!!
PS - If you have longs open then close it !!!!
FOLLOW US FOR MORE !!!!
Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (77.05). 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 43.
Take Profits:
TP1= @ 76.41
TP2= @ 75.70
TP3= @ 74.79
SL: Break Above R2
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (76.0). 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= @ 76.95
TP2= @ 77.95
TP3= @ 79.10
SL= Break below S2
CADJPY SELL OPPORTUNITY!!!!CADJPY has been gaining since the last three days and finally hit the resistance region of 76.600.
It's showing that there might be a corrective wave till 75.200 levels before any further upward momentum is gained again IF today prices remain and close below 76.289.
It's a great short opportunity if we wait for a confirmation today and will be going short if THIS PAIR CLOSE TODAY IN RED!!!
SL - 77.200
TP - 75.300
Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (76.48). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
Take Profits:
TP1= @ 75.70
TP2= @ 75.30
TP3= @ 73.85
SL: Break Above R2
BUY CADJPYIt's a great buying opportunity in CADJPY with a target of 77.226. The Triangle trend is approaching upward.
GREAT OPPORTUNITY GRAB IT NOW!!!
CADJPYCADJPY LOOKING LIKE STRONG BEARISH BECZ IT BREAKED SUPORT LINE AND ZONE ..
#VSGROUPS #VAMSHICHICHU #CADJPY
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (75.89). 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 62.
Take Profits:
TP1= @ 76.95
TP2= @ 77.47
TP3= @ 78.45
SL= Break below S2
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (76.00). 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 56.
Take Profits:
TP1= @ 77.10
TP2= @ 77.60
TP3= @ 78.36
SL= Break below S2
