CADJPY success to break all resistance strongly with high volatility , showing very strong up trend
broken key levels @81.75
Volume Profile show that CADJPY success to pass accumulation area , so buyers will push price more up
price running above 100 MA
After analysis i can say we will see more bearish market. CAD slowly losing power, JPY on of the strongest
Chart time frame - 1D
Time for reaching TP - 8 - 72 hours
More information soon!
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PAIR IN FOCUS: CADJPY
Observing for a retrace of price to the nearest support/resistance level, reject it, and continue its downward trajectory. A retrace would provide better R:R for any trades.
The Entry Zone encompasses nearest support/resistance level that coincides with Fibonacci Retracement levels (i.e. 38.2, 50 and 61.8).
TP Level is a...
We had a nice trendline rejection last week, which would've broken the bear trend if it kept going. But we still have a chance this week for that to happen.
Solid support from the monthly zone of 80.566 means we should continue for the long.
We'll just have to wait and see.
As always, the TPS are in place for whichever the market goes.
I hope it's up.
Fundamental: Canadian are having an election October 21 that could lead to a weak dollar and Japan have just close a trade agreement with United states that will surely advantage the yen.
Technical: I'am seeing a huge short opportunity on the CAD/JPY pair, I have use the Fib Channel to determine that the short therm uptrend could revers and follow the long therm...
A basket forex trade is an order to buy or sell a group of currency pairs simultaneously with the intention of betting on the potential of one single currency. Basket trading is essential for institutional investors and investment funds who wish to hold a diversity of currencies without holding negative correlated positions in the market. By using a Basket...
The RR on this setup is a positive 2.4 and im trading a reversal contraction, it is a short-term contraction with the TP being just 53 pips away which will make this officially a Moneymonday.
JPY is showing weakness acorss the board at this time with contraction occuring virtually on all JPYXXX assets.
Hi there. Price is forming a continuation pattern to the downside. Now, we expect one more up move at the current price, form the C wave to complete pattern.
If you want to buy, go to a lower time frame, wait for the price to form a continuation pattern and watch strong price action for buy.