Hello Traders,
So today i'm going to talk about the pair CAD/JPY.
On this Daily timeframe, we can see the market consolidating and
forming a support level at 78.00 and almost reaching the 80.00 level,
after a pullback in 79.00 zone, we can see another big impulse of
+300pips.
So, after this big impulse i'm waiting for a new pullback in the
buy zone wich is the 0.5 fibonacci level from the last impulsive wave
and the mid level of the consolidation.
Entry : 80.00
SL : 79.65
TP : 82.00
R/R : 5.71
Let me know in the comments if you have any question.
So today i'm going to talk about the pair CAD/JPY.
On this Daily timeframe, we can see the market consolidating and
forming a support level at 78.00 and almost reaching the 80.00 level,
after a pullback in 79.00 zone, we can see another big impulse of
+300pips.
So, after this big impulse i'm waiting for a new pullback in the
buy zone wich is the 0.5 fibonacci level from the last impulsive wave
and the mid level of the consolidation.
Entry : 80.00
SL : 79.65
TP : 82.00
R/R : 5.71
Let me know in the comments if you have any question.