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CAD/JPY is the abbreviation for the Canadian Dollar and Japanese Yen pair. It shows how much the CAD (base currency) is worth as measured against the JPY (counter currency). For example, CAD/JPY = 82.98 indicates that one Canadian Dollar can buy 82.98 Japanese Yens.
Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you and abandon your strategy. There's a mantra among day traders: "Plan your trade and trade your plan."
trading takes a lot of practice and know-how, and there are several factors that can make the process challenging. The risk/reward ratio helps investors manage their risk of losing money on trades. Even if a trader has some profitable trades, he will lose money over time if his win rate is below 50%. The risk/reward ratio measures the difference between a trade entry point to a stop-loss and a sell or take-profit order. Comparing these two provides the ratio of profit to loss, or reward to risk.
The market is technically analyzed under the expert supervision and the analysis said that trend is going to buy
The market is technically analyzed under the expert supervision and the analysis said that trend is going to buy
Pivot, Resistance Levels and Support Levels for
CAD / JPY For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 84.010
Resistance Level (R2): 83.693
Resistance Level (R1): 83.366
Pivot Point: 83.049
Support Level (S1): 82.722
Support Level (S2): 82.405
Support Level (S3): 82.078
Technical analysis indicates many good trading opportunities and entry points but sometimes the timing of the exit points it indicates is premature. With fundamental analysis and fundamental forex signals you maximize the benefits of a good trade by keeping it open until the fundamentals shift and that position has run its full course. The technical indicators often reach oversold/overbought levels too early, which means that a technical trader has to close the position. Sometimes, technical analysis doesn’t point to anything so focus on yourself.
Today market trend Bullish.Long triggered for $CADJPY.
TP1 already hit - 21 pips in the bag
TP2 targeting 83.84 - 84 pips
TP3 targeting 86.15 - 314 pips
Fun fact: This pair has contributed 19,000 pips to my strategy.
Weekly trending upwards - Lagging span above cloud - Future cloud bullish
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
I recommend to take LONG position today
technical analysis from me
current price very is potential to fly again. this pair price already touched daily resistance level 1 and above trend line. Now the price try to move Upward. I think the price may touch daily pivot point frokhat ki satah par hai . so you can take Buy position today. pivot point will be first target . after that price maybe can go to first resistance . stop loss area around support 1 level
Recomend Today = Bullish Trend 75%
ye pair abi strong resistance or fibo level zero par hai. agar ye es resistance ko todta hai to ese khridna chahiye. but mujhe lagata hai ki yahaa se eska girna suru hoga. we can become rich from forex trading if we can trade with the right understanding of the market, need to trade with the right discipline and we should not think of making more money by taking high risks, and take low risk with high profit strategies.
दैनिक चार्ट पर, हम देखते हैं कि इस जोड़ी ने 83.48 के पास स्थित कई प्रतिरोध स्तरों पर संपर्क किया है
और हम सप्ताह के पहले दिन के लिए एक मोमबत्ती देखते हैं जो दृढ़ता से बढ़ती है
हम निम्नलिखित की उम्मीद करते हैं
जैसे, यदि मूल्य मौजूदा प्रतिरोध क्षेत्र को तोड़ने का प्रबंधन करता है, तो हम उम्मीद करते हैं कि प्रतिरोध क्षेत्र तक पहुंचने के लिए चढ़ाई जारी रहेगी
साप्ताहिक फ्रेम पर, जिसने चालू वर्ष के कारोबार के दौरान 83.95 पर बहुत अधिक प्रतिक्रिया दी
जबकि यदि मूल्य प्रतिरोध क्षेत्र से उछलता है, तो हम उम्मीद करते हैं कि मूल्य 82.11 के स्तर तक गिर जाएगा
हम मूल्य आंदोलन का पालन करते हैं और ध्यान देते हैं कि प्रत्येक वर्ष के अंत में सभी जोड़ों पर अप्रत्याशित उतार-चढ़ाव होता है
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