Hi,traders!The price will test 84.8!I hold a point:Good charts does not more words to explain! Good luck!
We see the price fall to the strong resistance at 84.70
Take Entry @ 85.10 Take Profit @ 83.30 Stop loss @ 87.65
After the strong upward move, CADJPY has to retrace ,So shorting now would be the best move right now but for short Tps thanks.
The 3TAP theory might show its glory here. I find it interesting that there have been so much cash build up, seen in the volume. I'm curious about this one. Seeing that CAD is not doing well on many pairs, it might be a good short with a tight stop-loss. I would wait and let it confirm a short. It needs to pass EMA10. It's a good rule of thumb to never trade on...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 21 Major Cross-Rates (of this 1st Week 2017) statistical data @ my GOOGLE Drive drive.google.com Best regards Aaron
Double top forming possible head and shoulders could form if price wants to be stubborn. If price is not able to break above 88.80 level then it will drop down to 3 possible areas 1st being 84.000 2nd. 82.000 or 3rd. 80.000
This is only a trading capability - no recommendation !!! Next wkk i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Yesterday broke daily trend line. Target 85 and 82 in extension. Set top loss at 88.65 Excellent profit to loss ratio Good Luck
Sell This pair as it reaches for 100% fibo extension of the first cycle and 61.8% fibo extension of the second wave. This double fibo projection zone will provide a resistance zone and we have a bearish divergence as well. Sell the break of the yellow bottom TL protecting SL above last high before the TL broke + spread + two pips. TP aiming support zone 83
CAD continue to ride down south due the reason we all knew about ;) A significant potential of kissing 84.764 can't be rule out - Please set your SL accordingly . Happy trading y'all
CADJPY in long term downtrend. I am looking to sell any pullbacks.