Price is approaching support where we could see a bounce above this level.
Price is testing our first support at 80.450 in line with our horizontal overlap support, 61.8% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well.
Price is approaching support where we could see a bounce above this level. EMA and Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (81.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (81.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Take profit was hit after a nice break of the support trend line on 4h TF. The past week and today, CADJPY has made me some decent profit. We had a nice Head & Shoulder indicating a reversal which went to plan, I took a sell position from the 3rd touch of the trend line resistance on the right shoulder, along with this, we seen 2 bearish flags formed also showed...
Hey guys, On my last CADJPY idea, I had stated that we was seeing a Head and Shoulders pattern, this pattern was respected by market price and reversed and broke the neckline to the downside with strong bearish momentum just as I expected. Along with this, we also seen bearish flags indicating more moves to the downside showing bearish pressure. Right now we can...
FX:CADJPY As price touched top of the major bearish channel, major daily's resistance and also confirmed in weekly time frame.... ( big drop going to happen ) Price broke the ascending channel... ----- So we can open short position or wait for correction and retest in H1 TF . . .
Hey traders, If you see my CADJPY idea on my page I had stated that we may be seeing a potential Head & Shoulders pattern forming. Its been over 24 hours and the Head & Shoulders is now visible. Right now its a waiting game to see where price moves to next, I have set an alert at the neckline to make sure I don't miss the trade if price respects this pattern....
CADJPY is trading within a range and attempt to break the 81.900 level without success. The price is moving on an ascending trendline and will probably look for a retest of the weekly support at the 81. level. IF the price will break below the support area we will set a nice short order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣...
CADJPY - Not a currency I trade often, that's due it being a yen pair - USDJPY - I don't know what really moves that market sometimes it is yields, mergers etc. But this may differ for you, with the way you trade. However, by just looking at the technicals of CADJPY - being a cad pair it seems like a nice longer term trend will be brewing for the weeks & months...
Hey traders, This week I am currently looking at a potential sell on CADJPY, as you can see from my chart, we may be looking at a potential Head and Shoulders forming. Before I do enter a sell position, I will be looking for a break of support as you can see from the green marked area which I have drawn. You may be wish to enter when the candle has closed below...
Price is approaching our first support in line with our ascending trend line and 23.6% Fibonacci retracement and 100% fibonacci extension where we could see a bounce from here.
Price is approaching our first support in line with our ascending trend line and 23.6% Fibonacci retracement and 100% fibonacci extension where we could see a bounce from here.