CAXD/JPY BOOM BOOM +130 Pips Congratulation If U Entered With Me
According to my analysis using the Relative Strength Index (RSI) indicator, there is no divergence present at the moment. Trend is printing series of LHs and LLs. As part of my personal trade plan, I intend to enter a short trade with a 1:1 risk/reward ratio. However, it is essential that you conduct your own thorough research and risk management strategies...
CADJPY going bearish. Took the trade at 101.806. Trend was initially bullish but there is a bearish divergence and trend made its first LL. A rising wedge can also be seen as a reversal pattern. Entry (Sell Stop) : 101.219 Stop Loss : 101.806
CADJPY pair is trading nicely as expected for the last couple of weeks. It turned aggressively down with five wave cycle from 110 area. A decline that suggests more weakness but after a corrective rally, as we already shared back on March 27. We know that corrections are made by three waves A-B-C that is now in full progress with already wave C in the making....
CAD/JPY Shows Good Bearish Price Action And Offer Sell Trade
The CADJPY has been trading strongly since April 26th, 2023. There was a big increase on Friday and it continued today. However, based on our wavecount analysis, we believe that three wave structures have been completed and it's likely a good time to sell. We took a short position at 101.05, with a 10-pip risk and a target of the GM4A (100.64) of the fibo. Enjoy!
we can on weekly and daily chart w pattern chreated so maybe a good move we can see in future
Hello traders, trust y’all are having a great week, let’s talk about CJ we are Currently having A Head and Shoulder Chart Pattern And we all knows what it means and what prices is actually saying so not much to say let’s wait for price to retest zone 98.754 for a Shoulder to be formed then we can start seeing a bullish continuation pips target for this trade is...
👑 #CADJPY BUY 👑 ENTRY: 98.501✅ TARGETS: 1️⃣98.676🎯 2️⃣98.975🎯 3️⃣99.202🎯 4️⃣99.354🎯 5️⃣99.524🎯 Stoploss: 97.999🛑
Hey Guys! I just aborted the entire cad/jpy short position due to possible current long strength kicking back in. That's it! Have a great day! Ken
On 4h timeframe it got rejected on resistance level, it looks sideways though, for 2hr timeframe it looks bearish for me, and might go back to the 2hr supply area and sweep the internal liquidity. However on 30m timeframe there is a supply area, if ever it price gets rejected on that supply area, I guess it can be considered as the new Lower high and may not...
bullish from Order block + in 4H time frame and target is equal high CADJPY is BULLISH
Refer Daily frame analysis, linked below! This is a possible scenario, somewhere we might have a head and shoulder pattern before the price pushes northwards! Yes, it's a risky trade but it is a possibility! Patience and strong risk management are KEY HERE!
Hello traders around the world! My name is Alexandre Karim and today I am going to tell you how I took my double short position on CADJPY. In my previous analysis on this pair (Shared Apr 18), I was looking for a reversal pattern in this area since we are on the third touch of the upper TL. The price went up correctively reaching this area & gave us a double top...
POTENTIAL BEARISH ENTRY The price action has formed a series of higher highs and higher lows. It eventually forms a bearish divergence and a rising wedge, and the price is expected to fall from the previous higher low. TP and Sl levels are defined
A very important zone on CADJPY! The overall structure is uptrend! Price at a very important zone on both H4 and Daily Timeframe! If this zone holds then the next stop is 100.50!
Last time we hold 25 days from the bottom to the top around 600 pips, now there is a chance to hold another 25 days to catch another BIG movement.
Depending on how price reacts at this daily support zone I will be looking to buy Look for rejection wicks, engulfing candles or SMC bullish Change of characters.