ForecastCity

Excellent Long-Term Hunting Opportunity in CADJPY, Don't miss it

Corto
ForecastCity Actualizado   
FX:CADJPY   Dólar canadiense/Yen japonés
Trading suggestion:
There is possibility of temporary retracement to suggested resistance zone (90.55 to 91.65), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

.Beginning of entry zone (90.55)
.Ending of entry zone (91.65)

Closed Profit:
TP1= @89.70
TP2= @88.75

Take Profit:
TP3= @87.80
TP4= @86.20
TP5= @85.45
TP6= @84.55
TP7= @83.35
TP8= @80.85
TP9= @78.90
TP10= @75.40
TP11= @72.15
TP12= @68.85
TP13= @Free

Technical analysis:
.A peak is formed in daily chart at 91.60 on Fri, 01/05/2018, so more losses to support(s) 88.75, 87.80, 86.20 and to more depths is expected.
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 49.
.Current short-term is range bound, but beginning of downtrend is expected.
Operación activa:
Total Profit: 1690 pip
Closed trade(s): 227 pip Profit
Open trade(s): 1463 pip Profit

Trade Setup:
We opened 13 SELL trade(s) @ 90.36 (day close price) based on 'Peak' at 2018.01.09 signaled by our "Daily Trading Opportunity"

Closed Profit:
TP1 @ 89.70 touched at 2018.01.10 with 66 pip Profit.
TP2 @ 88.75 touched at 2018.01.10 with 161 pip Profit.
66 + 161 = 227 pip

Open Profit:
Profit for one trade is 90.36(open price) - 89.03(current price) = 133 pip
11 trade(s) still open, therefore total profit for open trade(s) is 133 x 11 = 1463 pip
Operación activa:
Total Profit: 2658 pip
Total Profit: 2658 pip
Closed trade(s): 227 pip Profit
Open trade(s): 2431 pip Profit

Trade Setup:
We opened 13 SELL trade(s) @ 90.36 (day close price) based on 'Peak' at 2018.01.09 signaled by our "Daily Trading Opportunity"

Closed Profit:
TP1 @ 89.70 touched at 2018.01.10 with 66 pip Profit.
TP2 @ 88.75 touched at 2018.01.10 with 161 pip Profit.
66 + 161 = 227 pip

Open Profit:
Profit for one trade is 90.36(open price) - 88.16(current price) = 221 pip
11 trade(s) still open, therefore total profit for open trade(s) is 221 x 11 = 2431 pip
Operación activa:
TP3 HIT!!
Technical analysis:
.A peak is formed in daily chart at 89.65 on Wed, 01/17/2018, so more losses to support(s) 87.80, 86.20, 85.45 and to more depths is expected.
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 47.
.Current short-term is range bound, but beginning of downtrend is expected.

Trading suggestion:
There is possibility of temporary retracement to suggested resistance line (89.70), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Closed Profits:
TP1= @89.70
TP2= @88.75
TP3= @87.80

Take Profits:
TP4= @86.20
TP5= @85.45
TP6= @84.55
TP7= @83.35
TP8= @80.85
TP9= @78.90
TP10= @75.40
TP11= @72.15
TP12= @68.85
TP13= @Free
Operación activa:
TP4 HIT!!
Midterm forecast:
.Price may also reach 87.80, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
.We will close our open trades, if the Midterm level 87.80 is broken.

Trading suggestion:
.We have already opened Sell trades, trade setup is drawn on the chart and shows entry and targets.
.If the Midterm level 89.70 is broken, we will close these trades.

Technical analysis:
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 34.

Closed Profits:
TP1= @89.70
TP2= @88.75
TP3= @87.80
TP4= @86.20

Take Profits:
TP5= @85.45
TP6= @84.55
TP7= @83.35
TP8= @80.85
TP9= @78.90
TP10= @75.40
TP11= @72.15
TP12= @68.85
TP13= @Free
Comentarios:
TP4 HIT!!
Midterm forecast:
.Price may also reach 87.80, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
.We will close our open trades, if the Midterm level 87.80 is broken.

Trading suggestion:
.We have already opened Sell trades, trade setup is drawn on the chart and shows entry and targets.
.If the Midterm level 89.70 is broken, we will close these trades.

Technical analysis:
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 34.

Closed Profits:
TP1= @89.70
TP2= @88.75
TP3= @87.80
TP4= @86.20

Take Profits:
TP5= @85.45
TP6= @84.55
TP7= @83.35
TP8= @80.85
TP9= @78.90
TP10= @75.40
TP11= @72.15
TP12= @68.85
TP13= @Free
Operación activa:
TP5 HIT!!
Technical analysis:
.A peak is formed in daily chart at 89.45 on Fri, 02/02/2018, so more losses to support(s) 84.55, 83.35 and more depths is expected.
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 35.

Closed Profits:
TP1= @89.70
TP2= @88.75
TP3= @87.80
TP4= @86.20
TP5= @85.45

Take Profits:
TP6= @84.55
TP7= @83.35
TP8= @80.85
TP9= @78.90
TP10= @75.40
TP11= @72.15
TP12= @68.85
TP13= @Free
Operación activa:
TP6 HIT!!
Closed Profits:
TP1= @89.70
TP2= @88.75
TP3= @87.80
TP4= @86.20
TP5= @85.45
TP6= @84.55

Take Profits:
TP7= @83.35
TP8= @80.85
TP9= @78.90
TP10= @75.40
TP11= @72.15
TP12= @68.85
TP13= @Free
Operación activa:
TP7 HIT!!
Closed Profits:
TP1= @89.70
TP2= @88.75
TP3= @87.80
TP4= @86.20
TP5= @85.45
TP6= @84.55
TP7= @83.35

Take Profits:
TP8= @80.85
TP9= @78.90
TP10= @75.40
TP11= @72.15
TP12= @68.85
TP13= @Free
Operación activa:
TP8 HIT !!
Closed Profits:
TP1= @89.70
TP2= @88.75
TP3= @87.80
TP4= @86.20
TP5= @85.45
TP6= @84.55
TP7= @83.35
TP8= @80.85

Take Profits:
TP9= @78.90
TP10= @75.40
TP11= @72.15
TP12= @68.85
TP13= @Free

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