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...
Gartley Pattern Formation !! Sell for 100 & 200 PIPS !! Let's Watch !!
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...
Wait for close of the daily candle then make your final decision.
SHORT breakout at 0.382 Fib retracement from previous move down. CADJPY
This pair had been trying to rally past the daily resistance over the past few weeks but failed to do so. With confirmation from the tested resistance levels on Daily (Tested thrice), it is safe to assume that buyers are no longer in-charge to push this pair higher to to resume its bullish movement. Nonetheless, the pair had been going down ever since the...
We SHORT this pair for 300 PIPS .. Let's Watch !!
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
CADJPY on the 4 hour time frame finds itself and a narrowing triangle failing to push up due to lack of good buying volume. If you take a peek at the daily time frame you also see the flat top here. This doesnt mean perse that CADJPY will stop going up but for now the strength is lacking making a retracement very likely so we go sell CADJPY. After this retracement...
CADJPY on the daily time frame has a nice break out from its resistance and the trading channel. For possible resistance levels we have to go back in time, back to 2015 to be exact. The resistances that you see are based on CADJPY trading ranges from 2015 and the last time that CADJPY traded between 92 and 102. Giving the recent rate hike and the more than decent...
CADJPY is in a major support/resistance zone. Although there is room for further up movement, the risk:reward is not preferable for me. As we approach the resistance I will look for confirmation to short this pair with a long-term potential for 500 pips. This research is for informational purposes and should not be construed as personal advice. Trading any...
We take SHORT position from here and book profit at 84.75 Let's Watch !!
Potential CADJPY SHORT based on Daily and 4H chart. Price seems to breach the Daily and 4H seller zone and has strong selling momentum. It is a pending order, once price goes below the low of the previous 4H candle. It will trigger. Let's see how it goes.
Hi traders, We are going to wait for a break of the trendline after a triple top has been created with a final exhaustion move. After the price, I suggest going short with half position as I'd like to wait for a break of the strong zone that has been drawn with a light blue rectangle. Once this is broken with a momentum candle, I will go short. There was a long...
CADJPY has been hovering around the same resistance area for a week now trading very side ways. Failing to break this resistance for such a long time basically proves that big money feels that CADJPY is already price high and they see the current area at the max. Why it hasn't go down yet? Well maybe the big money doubts the YEN a bit... but it also doubts the...