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Cadjpylong

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
CADJPY ANALYSES DAILY CHART: Price seated at the main resistance and it looks like it´ll respect it. I used as tool the ABCDX triangule and it definitely forms a bullish pattern BUT we need to look for a entry confirmation to the upside! RSI is neutral, but if you watch closely, the 50/20 EMA are crossing each other which means a possible bullish strengh. Personally, I will wait for a candle to cross the 50/20 Ema and forming a bullish engulfing. If all this confirmations match at a certain time, that´s a bullish move for sure untill the next resistance . 4H CHART : At this moment, the price is re testing he support line and IF NO BREAK, we should wait for a bullish candle pattern, like a morning star, bullish engulfing.... etc . 30 min CHART : Formation of a bullish pattern go google it Trade what you see and good luck yall !
by VISION7X
CADJPY H4 LONG PRICE ACTION FORECAST After a deep correction suffered by this pair, price action was able to find rejection from the ascending trendline, in confluence with the Fib level 5.0 from the realm of D1. Now in a closer look from H4 price, maybe currently forming a bearish pin bar signaling rejection from buyers, the bullishness in the pair could be confirmed by the MACD divergence and diminished bearish momentum about to create a buy signal. If price continues its uptrend bias, a buy-stop entry could be placed, with the following features: The order: Type: buy-stop. S/L: 59 pips - R:R | 1:2.5 T/P: previous top from a kind of right shoulder.
Long
by OGFXTRADER
CADJPY H4 LONG PRICE ACTION FORECASTWith the price action in consolidation bouncing from a strong support level, not only in H4 but also against the Fibonacci level 50 from D1, we could expect a bullish breakout. To capture this uptrend continuation, a long entry is placed as a buy-stop, with an E/L that allows enough buffer for price action to move with freedom. Although the long setup is forecasted, a bearishness pressure is hovering the pair. MACD is showing a strong diminished bullish bias, that may bring the price action to break the consolidation area for a renewed bearish momentum. Price in consolidation. The order: Type: buy-stop. S/L: 65 pips - R:R | 1:2 - T/P: aiming to previous high
Long
by OGFXTRADER
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