- Currency Pair: CADJPY
- Trade Type: Buy (Bullish)
- Time Frames: Daily (D1) and 4-Hour (H4)
- Bullish Outlook: Notably, there is a bullish outlook observed on both the daily and 4-hour time frames.
- Buy Area: Identified as favorable buying levels are situated at 105.000 and 104.500, presenting potential entry points in alignment with the bullish trend.
Targets:
- Target 1: The initial target is set at 107.500, indicative of a level where profits might be realized.
- Target 2: Subsequently, a more ambitious target is established at 109.500, reflecting a potential
This analysis suggests that considering the prevalent bullish momentum, entering the market within the specified buy area may present a favorable opportunity. The targets set at 184.500 and 187.500 indicate potential exit points to secure profits.
As always, it is essential to conduct thorough research, monitor market conditions, and be adaptable to changes in the trend. Additionally, incorporating risk management strategies, such as setting a stop loss, is crucial to navigating potential risks associated with trading.
TARGET-1 done