CAD/JPY we reached bottom levels , great time to collect value!

22 Nis

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

22 Nis

İşlem aktif

1st target has been reached quite quickly! We are looking for reaching our 2nd destination!

23 Nis

İşlem kapandı: hedefe ulaştı

Trade has reached target! Congratulations to everyone who participated. We collected 170 pips with this great trade.