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CADJPY at the major resistance area in the weekly timeframe chart
After the confirmation of the Downward movement, the CADJPY Sell signal was given.
CADJPY Sell signal reached the take profit target successfully.
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CADJPY falling from the retest area of the broken ascending channel in the higher timeframe daily chart.
In the smaller timeframe 1-hour chart, CADJPY is moving in a descending channel.
The CADJPY pair has been trading within the entry price range for an extended period, resulting in a prolonged ranging movement. This market has been oscillating between the entry price levels for over 24 hours.
In accordance with our signal-following guidelines, we have closed the CADJPY signal at the entry price level due to the lack of significant price movement and the 24-hour Trade Protection rule.
For those new to our service, please take note that the CADJPY signal has been closed at the entry price level as a result of limited market activity within the specified time. Continue to adhere to our signal guide provided with each signal message at forexfib.com/guide/
We appreciate your patience and encourage you to await the next promising trading opportunity. Our primary goal is to ensure your safe trading experience in all market conditions.
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CADJPY reached the retest area of the broken ascending channel in the 4-hour timeframe chart
After the confirmation of the Downward movement, the CADJPY Sell signal was given.
CADJPY Sell signal reached the take profit target successfully.
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CADJPY is falling from the higher high area of the Ascending channel in the 4-hour timeframe chart.
After the confirmation of the Downward movement, CADJPY Sell signal given
CADJPY Update
CADJPY is attempting to consolidate within the upper high region of an ascending channel, which could trigger the stop loss (SL) price. Nonetheless, CADJPY is presently stuck in a consolidation phase, having approached T1 with a gain of +400 points before retracing back into consolidation. In the interim, CADJPY has the potential to fluctuate within the consolidation zone defined by support and resistance areas.
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