CAD/JPY STRUCUTRE LONG|TRADING PLAN
The pair has reached an important support level, and has so far failed to break it.
In addition to that, the diagonal resistance line is broken, and we see a nice pullback on the 2h timeframe.
Therefore, we aim at a long.
TRADING PLAN:
1-go long at the current level
2-SL, Takes on the chart
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Cadjpylong
CAD/JPY approaching ascending channel support💡Hello traders,
Hope you all have a fantastic day !
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CAD/JPY has been pushed down to support line of ascending channel, we expect price to go higher if rejected from this support.
Let us know what you think about this idea.
Trade safe !
CADJPY H1 LONG PRICE ACTION FORECASTAfter the price reaching the ascending trendline, it got a rejection from the level, and it is currently struggling with a resistance zone. Now, expecting that price get enough momentum to break it on the uptrend bias, a buy order is placed with the following features.
The order:
Type: buy-stop
S/L: 30 pips - R:R | 1:2 -
T/P: aiming towards a confluence level previous swing high and ascending trendline
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Breakout pullback trading opportunity on CADJPY
Looking at the possibility of a breakout continuation trade.
79.52 is the key level to watch for to see if price holds.
As price pulls back to this level, I want to see how much it slows down. If it fails to make a significant breach below this level, it would be possible to buy into this pair.
CADJPY Long Trade PlanHello traders, here is the trade plan for CADJPY. Wait for the price to retest and show bullish setup. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
CAD/JPY STRUCTURE ANALYSIS|SWING LONG
The current CADJPY breakout is a signal of the bullish strength and I expect bullish continuation.
There is a nice diagonal support that might guard the movement, however, the the surge up might be a quick one too.
TRADING PLAN:
IF daily candle closes above the level>> Long after the pullback.
The pullback is reasonable to expect due to almost overbought RSI.
SL and targets on the chart.
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CADJPY 78.807 - 0.19% LONG IDEA ( BREAKOUT ANALYSIS )Good Day Everyone
A look at the CADJPY pair from the 4H chart the pair has been ranging in a ascending triangle testing the 200 MA and level 79.276 looking for a break above this structure as momentum returns on the pair, but expecting the pair to continue ranging within the structure as indicated before we see more volatility on the pair . lets see how it goes
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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CADJPY NEXT TRADE SETUPCADJPY is now at its strong resistance zone and according to the fundamentals CAD is expected to be strong and breach the resistance level at point 79.65. on other hand JPY is bearish as well.
This analysis is fully based on behalf on Technicals. Take the entries from this analysis only if all the rules of entry are fulfilled.
Do comment below if you need any help