Cadjpyshort
Cadjpy and another Yen pairUsing another Yen pair we can assess clear risk management strategies and calculating position size.
If you have a market like this and it is running away further you can drop your size. Do NOT overleverage expecting to kill it on Trade One. Wait for entry confirmation from price action within timeframes.
When Market sentiment is positive in the way the market is moving you can get harsh moves.. Picking one Trade becomes more difficult.. and rightly so. This is why we can spread our risk.
SHORT ON CAD/JPYPrice is currently at a major resistance area, and has formed a double/tipple top
it has also broken the uptrend line on the 1hr time frame.
Macd golden cross has already happened and price has not been able to break above resistance and sustain.
Play I will be taking on this pair:
P = 97.962
SL = 99.550 - 160 PIPS
TP = 91.634 - 631 PIPS
Cadjpy: Trading WiselyRegardless of the asset you Trade, this lesson is always entirely relevant.
As price rise, you get short.
As they drop, you get long.
This does NOT mean you only have to make one Trade. You can make several and you can do it successfully.
Why have ONE shot when you can have plenty.. It helps A LOT!
Take note of basic indicators and keep IN line with the market and do not ever deviate.
CADJPY SHORT IDEAHello Traders,
Hope you are having an amazing week.
Above is my analysis on CADJPY , overall perspective is very BEARISH .
Expecting this level of supply to hold !
Always move stops to breakeven after +25 pip moves
Looking forward to see how this plays out.
Thank you for your support,
ETGL TEAM 💛
CADJPY | TOP DEFINED ?CADJPY has been in bullish trend from the start of Feb. The pair is making a top around 93.900 area where we think bears will be active again and push the price to lower.
The top is also the confluence point of bullish parallel channel.
If Bulls manages to close above then we suggest long enteries from here.
Trade your levels accordingly.
OIL, Cad Dollar, all time high's and now what?Hello Traders,
We've noticed a massive correction in USOil a few days ago as sanctions increase for Russia.
Could this just be a pull-back for oil? Time will tell however, we could see its' relative yen
pair correct as well this week.
89.800 levels OANDA:CADJPY
CAD/JPY Made Head&Shoulders Pattern, Ready For Scalping Sell ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions