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CADJPY4h
ENGLISH
In the CADJPY we are faced with a bearish scenario.
During the last week the CAD has presented numerous bearish symptoms due to its strong weakness against other currencies. In this case, he has not presented these symptoms in an elevated manner.
On the one hand, we will have to highlight the two daily trend lines found in the graph. As you can see, the highest point coincides with the upper limit of the trend line.
Currently, a containment zone has been produced halfway. To mark the limits of this area, we have traced a small bullish channel. We are waiting for your break to be able to enter the operation.
In addition, the Fibonacci levels show us a good bounce zone located at 0.5.
Be very attentive to EMA 100. It is about to be overtaken by EMA 45 and 70.
The Take Profit is located in the 84,000 Weekly Support
Good luck.
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SPANISH
En el CADJPY nos encontramos ante un esceneario bajista.
Durante la última semana el CAD ha presentado numerosos síntomas bajistas por su fuerte debilidad frente a otras divisas. En este caso, no ha presentado esos síntomas de manera eleveada.
Por un lado, tendremos que destacar las dos lineas de tendencia diarias que se encuentran en el gráfico. Como veis, el punto más alto coincide con el limite superior de la linea de tendencia.
Actualmente, se ha producido a mitad de camino una zona de contención. Para marcar los limites de dicha zona, hemos trazado un pequeño canal alcista. Estamos esperando a su rompmiento para poder entrar en la operación.
Además, los niveles de Fibonacci nos marcan una buena zona de rebote situada en el 0.5.
Estad muy atentos a la EMA 100. Esta apunto de ser sobrepasada por las EMA 45 y 70.
El Take Profit está situado en el soporte Semanal 84.000
Mucha suerte.
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CADJPY... I F*cking love you!
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Missed my TP by a pip and ended up closing for about 190 pips! .
Held since Monday, nearly stopped out ( very similar to my GJ trade) with just over 1-6 RR! ♂️
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What a difference in my trading the last month, after taking some time off to study’s the charts more! .
Onto next week!
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Longterm perspective #CADJPY. Looking for a major H&S reversal pattern. Any thoughts? (setup is from 20th March)
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Plan for #CADJPY - key support level 80.50.
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Plan your trade, trade your plan
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