Originally Posted by
mansurep
this is my analysis for CADJPY
hopefully it will be good & understandable and help you to earn good profit in trading.
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakout of the resistance level at 83.81 and the pair will continue to go up to the next resistance level at 84.02
Resistent1 : 83.78
Resistent2 : 84.00
Resistent3 : 83.73
Support 1 : 83.33
Support 2 : 83.14
Support 3 : 83.71
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest BUY at the level 83.76. , stop loss at the level 83.21 target take profit at the level 84.01
if market movement as my scenario, you can earn good profit and avoid much loss in your trading keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.