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Cadjpyshort

Cadjpy risky longsCadjpy has been in a long term uptrend, so we should be preparing for a distribution. Nevertheless, this lends credence to a trend following approach being optimal. A pullback to the previous high of the pair should signify a highly probable formation of a Higher Low to shoot for a continuation long. Incidentally the pullback zone is also the 61.8%/50% fib level of the upmove. The bullish break and retest of the LTF descending trend line and the LTF minor resistance should most probably start a bullish climb to equal highs at least. Pls like and drop quick sub and COMMENT!.
Long
by LexyenHille
💡Don't miss the great sell opportunity in CADJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (100.94). 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 a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 33. Take Profits: TP1= @ 99.95 TP2= @ 98.98 TP3= @ 98.23 TP4= @ 97.04 TP5= @ 95.69 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
8
CADJPY: Defense Barriers 🛡Like most XXXJPY pairs this one is also extremely over-extended. I find it hard to believe that market makers have made it so easy for buyers with a simple trendline breakout buy. This will be liquidity to target when sells do become available. That leads us to when sells will become available. The answer is unknown but we do have two strong key psychological defence barriers around 104 & 105. If this slows price and some manipulation occurs - we can sell down into my target levels. Until then we must sit on our hands. What is your view on this pair? 💬
Short
by AlkalineFX
8