Cadjpyshort
CADJPY RUNNING MASSIVELY IN PROFIT Swing trading is what i think everyone should master, it can never be taught in a course except one on one, i am grateful to everyone that have been faithful to my channel and took this trade with me, patience and goodluck are very close, if you want goodluck the true question will be how much patience do you have? 23 days of massive swing trading and all i can say is i am grateful to the universe for the knowledge and the people currently around me, will be looking forward to smashing targets today.
Have a blissful weekend y'all.
CADJPY CONTINUATION SHORT Ciao a tutti amici, oggi vi voglio portare l'idea di cadjpy short,
strutturalmente continuiamo a fare minimi e massimi sempre più bassi, prendendo in considerazione l'intero impulso possiamo prendere il 75% come possibile punto d'inversione del rintracciamento che coincide con un numero tondo importante il 91,000 e una zona con la x non mitigata.
www.tradingview.com
cadjpyCADJPY - Short
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further CAD weakness & JPY strength after a short retracement period = CADJPY SHORT
What are we waiting for to happen?
- Waiting for the next pullback so we can draw WFB
What is our confirmation?
- rejection of structure and EMA
- Waiting to draw WFB
Entry
Safe Entry: Rejection of structure and then WFB once correction appears
Risk Entry 1: Rejection of structure and Fib
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 89.3
- Second TP: 88
- Third TP: 86
CADJPY ANALYSIS AND TRADE IDEA - SELL TO BUYHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
On the Monthly we are bullish with an ICI to the upside which the market is currently retesting the previous resistance turns support once we see a close above the support we can see a continuation to the upside.
Dropping down on the Weekly we have an over extended W formation where we can see a retracement to the neckline or the wick of the candle, we will base our take profit for this weekly trade on the impulse.
On the Daily we are also testing previous resistance turns resistance due to the closed below the structure, EMAs are about to cut for short though MACD still is above the 0.
Trade Signals
SELL
Entry: 90.832
Take Profit: 87.880 (295 pips)
Stop Loss: 91.775 (94 pips)
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BUY
Entry: 87.906
Take Profit: 95.263 (735 pips)
Stop Loss: 86.755 (115 pips)
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER