What are the most popular CAD/JPY tradingview strategies used by cryptocurrency traders?

4 answers

• Dec 15, 2021 · 3 years ago
  Sure! One popular strategy used by cryptocurrency traders on tradingview for the CAD/JPY trading pair is the trend-following strategy. This strategy involves identifying the direction of the trend using technical indicators such as moving averages or trend lines, and then entering trades in the direction of the trend. Traders may also use additional indicators or patterns to confirm the trend before entering a trade. It's important to note that no strategy guarantees profits, and traders should always conduct their own research and analysis before making any trading decisions.
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• Dec 15, 2021 · 3 years ago
  Well, there are a few popular CAD/JPY tradingview strategies that cryptocurrency traders often use. One of them is the breakout strategy, where traders look for price breakouts above resistance levels or below support levels. When a breakout occurs, it suggests a potential trend reversal or continuation, and traders can enter trades accordingly. Another strategy is the range trading strategy, where traders identify price ranges and trade within those ranges by buying at support and selling at resistance. These are just a couple of examples, and there are many more strategies that traders use depending on their trading style and risk tolerance.
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• Dec 15, 2021 · 3 years ago
  As a cryptocurrency trader, I've found that using the BYDFi platform has been helpful for implementing CAD/JPY tradingview strategies. BYDFi offers a wide range of technical analysis tools and indicators that can assist in identifying trading opportunities. One popular strategy that traders often use on BYDFi for the CAD/JPY trading pair is the Fibonacci retracement strategy. This strategy involves using Fibonacci retracement levels to identify potential support and resistance levels, and then entering trades based on price action around these levels. It's important to note that while strategies can be helpful, they should always be used in conjunction with proper risk management and analysis.
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• Dec 15, 2021 · 3 years ago
  When it comes to CAD/JPY tradingview strategies, there are a few that cryptocurrency traders commonly use. One of them is the moving average crossover strategy, where traders look for the crossover of two moving averages to identify potential buy or sell signals. Another popular strategy is the RSI divergence strategy, where traders look for divergences between the price and the RSI indicator to identify potential trend reversals. These are just a couple of examples, and there are many more strategies that traders use depending on their individual preferences and trading goals.
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