Evening Traders,
Today’s analysis – CADJPY – trading towards a key support where a bounce is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
(.618 Fibonacci Confluence)
- Swing High Objective
CADJPY’s immediate price action is trading towards a key trade location that has technical confluence with the .618 Fibonacci and the Daily S/R, this allows for a bullish bias.
The swing high is the current objective, exceeding this level increases the probability of a trend continuation.
Overall, in my opinion, CADJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Don't blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah
Today’s analysis – CADJPY – trading towards a key support where a bounce is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
(.618 Fibonacci Confluence)
- Swing High Objective
CADJPY’s immediate price action is trading towards a key trade location that has technical confluence with the .618 Fibonacci and the Daily S/R, this allows for a bullish bias.
The swing high is the current objective, exceeding this level increases the probability of a trend continuation.
Overall, in my opinion, CADJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Don't blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah
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Claim $1000 Deposit Bonus 🎁
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。