CADJPY on the daily chart broke the ascending channel. The market went for the test of the weekly support at 78.300 before testing the 0.618 of the previous leg at the retest of the channels trendline. IF the price will break below the 4h support, we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
Price is facing bearish pressure from our first resistance, in line with our descending trend line, where we could see a further drop below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
CADJPY on the daily chart after the sharp bearish move until the support at the 78.300 level retraced back at 79.300 at the resistance zone. The price is retesting the ascending trendline of the channel at the 0.5 level of the fib retracement. IF the price will break and close below the min or 4h support structure we will set a nice short order according to...
Bulls kept feeding on this horizontal daily level since June. The level seem to be depleted of buying liquidity. Bulls will have to seek liquidity lower and lower. Yen is very strong but oil and oil-cad are doomed for a drop due to a lesser demand bcs of lockdowns. Good sell opportunity. Top Absolute Correlation 1 Day 1 CADJPY - EURJPY 92.9% 2 CADJPY -...
cadjpy formed an inverted head & shoulder so a break above neckline will be a nice opportunity to buy.
Analysis Based on price Action. With Risk Management You Will Never loss. thank you
1h time frame: end of 5th wave. fibonacci cluster. regular divergence in MACD and RSI indicators. buy stop command. stop loss: 79.170
CADJPY - buy open, in small draw down still valid for entry. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our...
CAD_JPY reached a strong support level on daily. The pair is trading in a wedge, and I would go long after pullback, IF a confirmed breakout upwards happens. The long presents a great trading opportunity with a 3:1 to 4:1 risk reward ratio. Thank you for your attention! Like and Subscribe if you enjoyed my video!
CADJPY is in a bull flag which has bias to break to the upside. The price is above both EMA's, 20 and 50. RSI is trending higher. I am going to buy a break of 80.200 Taking profit slightly below 80.600, roughly 40 pips. Good luck with this pair! Tibor
Price come back to the start of buyers territory so we need to wait on confirmation for long or short entry. Everything is in the analysis...
end of fifth wave at top of the elliot chanel. heavy accumulated fibonacci cluster. sell at: 80.450 stop loss: 80.635 tp1: 80.130 tp2: trailing
CAD-JPY moves in a wedge Wait to buy from support and sell from resistance Good Luck;) Like and Subscribe to me;)