CADJPY is seeing major resistance at 89.75 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) and a strong drop could occur at this level pushing price down to at least 88.52 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 100% where...
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Hi guys, on CADJPY we're facing a good level of structure on the daily timeframe: in that zone we can see we've an RSI divergence pointing in the short direction, together with a small 1hr double top and a 4hr engulfing candle. Short with stops above the highs and targets as shown. If you have any question/idea, feel free to comment below. Otherwise, see you in...
Hi guys, on CADJPY we're facing a good level of structure on the daily timeframe: in that zone we can see we've an RSI divergence pointing in the short direction, together with a small 1hr double top and a 4hr engulfing candle. Short with stops above the highs and targets as shown. If you have any question/idea, feel free to comment below. Otherwise, see you in...
I present to you the calculations of an algorithm I have had major success with. Today's signal is a buy on CADJPY . The pair has made what our algorithm team calls a "Z-PATTERN". This means that price breaks a yearly high or low depicted by the algorithm, re-tests it one more time and then takes off away from it. This is the core of our system, and has...
swap long is positive on my broker. Target 60 , 100 300 pips
Currency pair - CAD.JPY Chart timeframe - Daily Area of interest - 89.917 & 90.767 Chart pattern - Bearish Cypher Potential target 1 - 88.708 Potential target 2 - 87.971 Potential extended target - 87.494
Everything is mentioned in the chart along with the levels Best of luck
Yeah Yeah, I'm anxious, I took a small early entry since there is a slight positive carry on this. I will add if it goes lower.
Pending Long @ 86.00 Stop Loss @ 83.00 Target @ 94.00 RR Ratio @ 2.67 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Dear Traders & Followers, There is a possibility to go SHORT from current price or 88.10 to the level of or 87.30,86.50. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
The supply above us is a great new one, there are unfiled sell orders Waiting for the price to come back and pick them, also the price is Coming up with compression which is good, I'll sell at the supply above, My first target will be the demand below, and the final target is the demand At the bottom.
Hello - Wait for a little retracement, confirmed support and then enter for long
Currency Pair: CAD.JPY Time Frame: Daily, 4hr & 1hr Predicted Direction: Long Live CAD.JPY updates will be available in the comments section below
Price is starting to see major resistance below 89.24 (50% Fibonacci retracement, 61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance, bearish price action) and a strong reaction could occur at this level to drive price down to 88.52 support (Fibonacci retracement, horizontal pullback support). Our next major level of...
Go to smaller time frame and see the price action before taking your long position. Good luck to all !
The Canadian Dollar has been trading in a channel up against the Japanese Yen during the past nine months. After testing the upper boundary mid-September, the Loonie began its way towards the southern side, thus forming a junior channel in the opposing direction. The senior pattern was reached on November 29 and re-tested once again on Tuesday. As apparent on...
I will update the related ideas. Follow me to learn more ideas of CADJPY. Good luck.