CADJPY is approaching our first resistance at 80.956 where it could potentially drop further to 79.963.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Hey!
Two possible scenarios here for CADJPY as the pair has touched an important resistance.
Let's follow the price action to find out the further intentions of the pair.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (80.8). 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 below the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (80.8). 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 below the 21-Day WEMA which acts as a dynamic...
Welcome to our weekly trade setup ( CADJPY )!
-
1 HOUR
Bearish market open and pressure.
4 HOUR
Overall good short entries! Prices look like they`ll keep dropping.
DAILY
Expecting prices to push towards previous weeks lows..
-
FOREX SWING
SELL CADJPY
ENTRY LEVEL @ 81.020
SL @ 81.410
TP @ 80.510
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels -...
CADJPY broke uptrendline
Price is based below supply zone at level 81.45
Below SMA 100
MACD shows bearish momentum
RSI is in downtrend
It's expected the continuation of bears power to target HVN at level 80.22
CADJPY on the daily chart is consolidating below a strong resistance structure.
The market on the 4h chart is creating a bullish triangle pattern.
IF the market will break and close above the 81.500 level we will set a nice long order according with Plancton's strategy.
If the condition will not trigger we can monitor the pair for a possible short below...
CADJPY after the break of the range between the 2 daily structures has moved in a higher high higher low.
The market is now breaking the daily resistance and we can expect a move till the upper monthly discending trendline.
IF the market will close above the daily structure we can set a nice long order according with Planctons strategy.
–––––
Follow the Shrimp...
CADJPY is approaching 81.121 where it could potentially rise further to 81.582.
A break above our upside confirmation could see a bullish acceleration to our first resistance target. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
''SELL MARKET ORDER''
Asset: CAD/JPY
Date: 06/09-2020
Timeframe: 2h
Risk: 3%
Why sell?
Gartley '222'
bearish hidden divergence
Fibonacci triangle
This pattern happens to be a Dark Cloud Cover on the daily timeframe:
Good luck to all trading this pair!
