empty
 
 
25.09.2020 04:59 PM
CADJPY is facing bearish pressure, potential for further drop!

This image is no longer relevant

Price is facing bearish pressure from our first resistance, in line with our descending trend line, 23.6% fibonacci retracement, 100%, 78.6% fibonacci extension and horizontal pullback resistance where we could see a reversal below this level to our first support level. The 20 period EMA and Ichiomku cloud are showing signs of bearish pressure in line with our bearish bias.

Trading Recommendation

Entry: 79.092

Reason for Entry:

23.6% fibonacci retracement, 100%, 78.6% fibonacci extension and horizontal pullback resistance

Take Profit: 77.641

Reason for Take Profit:

Horizontal swing low support

Stop Loss: 79.666

Reason for Stop Loss:

38.2% fibonacci retracement, horizontal swing high resistance

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback