CADJPY Big Drop is ahead

OANDA:CADJPY   Canadian Dollar / Japanese Yen
Hi there,

CADJPY is testing the 786 of fib lines and forming very nice trend continuation pattern. Watch top for reversal.

How you can trade on this chart.

1. It is forming correction on lower time frame watch for that correction to complete and then look for breakdown and look for sell.


2. Simply wait for the price to test the top again and look for sell from top.

There is possibility for one more bullish wave before we see big drop on this pair if so then watch lower time frame for short term buy and then look for sell from new high.

In case price goes beyond the channel line it will not change the bigger pattern so we will remain bearish for longer term on CADJPY until we will see significant changes on this pair.

Good Luck .

Please support the setup with your likes, comments and by following on TradingView thanks
Comment: That's called perfect and amazing stuff. But again members first.
I am currently in this trade
It dropped below the trend line, and then was instantly rejected, do you think it will retest? Or is this the start of a bullish wave in your opinion?
thank you very much for sharing yours skills...thank you again!!!!
Hi again .Do you have a chart also about the USD/JPY pair.What is your analysis on this? Will it be reversing to an uptrend soon? thank you
Thank you sir .Very impressive analysis of the cad/jpy.I am gaining so much profits in the past 2 days.I again entered a sell order but this time my TP is on the 79.I will patiently wait for a big profit this time.thank you again for sharing
Thank you
Perfect Setup
+1 Reply
We are still waiting for the big time drop, am I right to say that?
FOMO...not sure to wait for correction or to enter...
one more leg to top trend line perhaps before shorting..
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out