CAD/JPY Bullish Bounce Happening Within a Clear POC Zone

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Hi traders,

The CAD/JPY is making bullish zig-zags with clear rejection in the POC zones. Continuation  happens as long as the price is above W/D H3 Camarilla Pivot.

Since we have returned from the very successful seminar with XM and our partners FXStreet we had 7 wins and 0 losses with ecs.LIVE trading room. Re today’s setup – 83.78-88 is the next POC zone. We see a trend line, a rounded bottom, T-89 and HTF momentum. We see clear rejections from the zone that indicate fresh buyers. Target is 84.20. Only on a strong momentum and Yen weakness we should see W H5 touch 84.70. I’d still aim for the first target around 84.20.

The analysis has been done with the CAMMACD.MTF template.

Join Elite CurrenSea’s Forex and CFD seminar in Croatia on March 14th.

For more daily technical and wave analysis and updates, sign-up up to our <a href=”https://www.elitecurrensea.com/ecs-live-trading/” target=”_blank” rel=”noopener”>ecs.LIVE channel</a>.

Many green pips,

Nenad Kerkez aka Tarantula FX

Elite CurrenSea

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of