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Cadjpylong

CADJPY H4 LONG PRICE ACTION FORECASTPrice action is experiencing a downtrend momentum as correction, with MACD signaling a diminish bullish bias and about to form a sell signal for confirmation of short-term downtrend. Expecting price action to correct and get a rejection from previous resistance level to trigger a long order capturing the forthcoming bullishness, allowing a decent R:R towards the supply zone in confluence with the ascending trendline. The order: Type: buy-limit S/L: 45 pips - R:R | 1:2.7 - T/P: supply zone -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
CADJPY LONGPrice is at an important area of support on the weekly chart, I anticipate price to bounce off this area of support and head in an upwards trajectory for a bullish movement. On the 4H chart we see that a new ascending channel can form and as such, I expect the pair to trade within this channel. Retest appears to have been completed. A great potential swing trade setup with lots of pips for the taking. Risk-reward ratio: 1:6.08 SL: 77.791 (-56 pip risk) TP1: 79.553 TP2: 80.774 TP3: 81.754 It should be an interesting setup for the next week if it plays out accordingly. Share your thoughts and analysis in the comment section below.
Long
by AzaraFx
CADJPY Short Term Bullish Movement 100pips Target!!We can see price level moving near the trend support level, yet to see any breakout for BEARISH sign. For now, a short 100pips tp will be viable till a strong resistance level @80.40. Price level may also be heading towards 61.8 fib level where we should see strong BEARISH strength taking over. If we uses bollinger bands, we can see a rejection off middle band showing that the bearish strength is yet to take over. A further breakthrough off 61.8 fib level will signal a strong BULLISH continuation. As of now, I will go for a short term BULLISH trade. However, do adapt when we see a breakthrough off this trend line. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Long
by YGForex
CADJPY H1 LONG PRICE ACTION FORECAST -UPDATE-Yesterday the order got triggered. After reaching a certain level, half of the position was taken, and S/L moved to E/P for a free risk trade. After price correction, my S/L risk-free level was reached. However, the pair remains under bullish forces, so zooming in from H4 to H1, price structure shows a clear entry opportunity for a long setup, together with MACD crossing for a buy signal. The order: Type: buy-limit. S/L: 34 pips - R:R | 1:3 T/P: aiming towards a previous consolidation zone.
Long
by OGFXTRADER