CAD/JPY we reached bottom levels , great time to collect value!
Hi guys we are going to take a look at the CAD/JPY Pair!
Technical analisys -
Currently the pair has reached a bottom level around the 101 zone whichwe can see big support from buyers, additionally the MACD is finishing a down turn momentum formulating a cross over towards an Ascending Channel , the RSI is sitting at neutral / oversold areas on 2H and 4H timeframes
Fundamentals - We are still looking into the monetary policy overlooeked from BoJ and additionally the expected economical data from Canada in the eyes of strong Retail Sales.
📌 Trade Plan
📈 Entry: 101.400
✅ Target 1 : 102.200
✅ Target 2 : 103.100
❌ SL: 100.500
R/R is 1:3
Technical analisys -
Currently the pair has reached a bottom level around the 101 zone whichwe can see big support from buyers, additionally the MACD is finishing a down turn momentum formulating a cross over towards an Ascending Channel , the RSI is sitting at neutral / oversold areas on 2H and 4H timeframes
Fundamentals - We are still looking into the monetary policy overlooeked from BoJ and additionally the expected economical data from Canada in the eyes of strong Retail Sales.
📌 Trade Plan
📈 Entry: 101.400
✅ Target 1 : 102.200
✅ Target 2 : 103.100
❌ SL: 100.500
R/R is 1:3
Dagangan aktif
1st target has been reached quite quickly! We are looking for reaching our 2nd destination!Dagangan ditutup: sasaran tercapai
Trade has reached target! Congratulations to everyone who participated. We collected 170 pips with this great trade.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.