CADJPY has been in an uptrend this week with the price struggling to get past the 90.5 level. On the 1hr time frame it appears that the momentum of this uptrend has started to slow down, along with the overbought RSI levels on the 1hr time frame indicating that the price will reverse from this area. The target of this trade is 500 points below the current level,...
CAD FUNDAMENTAL BIAS: NEUTRAL 1. Monetary Policy Despite STIR markets pricing in close to an 80% chance of a 25bsp hike, the BoC chose to leave rates unchanged at their Jan meeting. However, the bank removed its extraordinary forward guidance and said they now think the economic slack has been absorbed (previously expected to occur somewhere in the middle...
Waiting for confirmation to the downside as the correction of triangle of CAD/JPY to wave B. Bias to downside Invalidation- price breaks above highest point at A
Hey traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 90.6 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
CAD-JPY rebounded from the daily resistance 91.5 and broke the ascending support line Penetration confirmed So I think so after We'll see a move down in 87.5
CADJPY has been in an uptrend since the 14th of Feb, setting lower lows and higher highs. However this uptrend was unable to surpass the previous high of 91.456 on the 11th of Feb. The RSI indicators on the 1hr and 30m time frame show current levels to be in overbought regions, which adds to our short term bias. The target of this trade is located around the 90.6...
I believe price will come into the golden fib level and with a rejection confirmation I will be entering a sell back down to the respected support level at 90. Any feedback appreciated, still learning :)
Hey traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 0.907 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hello Traders, Here we have a 1650 pip CADJPY We are expecting price to push down from here as we are also expecting CAD weakness & JPY strength Our trade has a 30 pip stop loss with a crazy 1650 pip reward! Totalling our RISK:REWARD RATIO to 55!! We are looking to take our first profit at the WFB trendline at 86.2 ENTRY 92 TP1 86.2 (600pips) Final TP 75.7...
This set up gave a good result, I entered off the 1m and initially took a 1R loss on first entry then 2nd entry went on to hit target - doubt anyone actually saw or noted this ;) but least its on here now.
Price is abiding by a descending trendline and near sell entry level of 91.255 which is also 78.6% Fibonacci projection and 61.8% Fibonacci retracement. Price can potentially dip to the take profit level in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by the stochastic indicator as it is at resistance level....
Welcome back! Here's an analysis of this pair! **CADJPY - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Price broke out of the descending trendline resistance, signifying an overall bearish momentum. However, price is currently reacting at the graphical overlap resistance, we can expect price to drop rom pivot level in line with 127.2% Fibonacci extension and 100% Fibonacci projection towards take profit level in line with 38.2% Fibonacci retracement. Our bearish...
Price is trading within the triangle pattern. We can see that price is at the descending trendline resistance, we can then expect price to drop from the pivot level in line with descending trendline resistance, 61.8% Fibonacci projection and horizontal resistance towards take profit level in line with 61.8% Fibonacci retracement and ascending trendline support....
Welcome back! Here's an analysis of this pair! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued...
CADJPY has been trading on a Fibonacci Channel ever since the March 2020 COVID fueled market bottom. The bullish trend that followed has been gradually making Higher Highs on the next Fibonacci extension. Currently the last two Highs have been on the Fib 2.0 extension. The Support Zone of this pattern is constructed by the 1D MA200 (orange trend-line) and the 1W...
Prices are consolidating in a triangle. We see the potential for a bounce from our buy entry at 90.156 in line with 61.8% Fibonacci retracement towards our Take Profit at 90.666 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. RSI is at levels where bounces previously took place. Any opinions, news, research, analyses, prices, other...