CADJPY to continue uptrend after finding support at 89.00
Good Even Traders, bringing you another free signal from the pip factory that I'm working at. Tonight, CADJPY continues it's uptrend with an anticipated 75 pip gain to the upside as it finds support at the 89.00 price level.
For those who follow Quarters Theory, we have a rejection at the 87.500 Large quarter (or half point), with price soaring past the 125 pip confirmation found at 88.750 and never pulling back to below it. This gives us confirmation that the 87.500 quarter has indeed completed, and we can expect price to continue upwards to the next Large Quarter found at our Take Profit of 89.750 which is the top of the hesitation zone, where I anticipate it to reverse and pull back somewhat.
As always, manage your risk and happy trading!
Hope for you to join us to learn soon,
ForexNick
For those who follow Quarters Theory, we have a rejection at the 87.500 Large quarter (or half point), with price soaring past the 125 pip confirmation found at 88.750 and never pulling back to below it. This gives us confirmation that the 87.500 quarter has indeed completed, and we can expect price to continue upwards to the next Large Quarter found at our Take Profit of 89.750 which is the top of the hesitation zone, where I anticipate it to reverse and pull back somewhat.
As always, manage your risk and happy trading!
Hope for you to join us to learn soon,
ForexNick
Komen:
I've recently added the TDI to my charts on trading view, we have a cross of the MA's giving us bullish confirmation as well on the 1H Timeframe.