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CADJPY

CADJPY 2023 YEARLY STRUCTURE OHLC (SELL SETUP)🔻🔻🔻🔻CADJPY 2023 YEARLY STRUCTURE OHLC (SELL SETUP) 🔻🔻🔻🔻 Please support this idea with LIKE, FOLLOW & SHARE if you find it useful. FX:CADJPY CADJPY 2023 yearly structure shows the Open, High, Low, and Close (OHLC) prices. The current high opening suggests a compelling sell setup for CADJPY throughout 2023. Notably, there is a bearish divergence in the Monthly timeframe, commencing from November 2022 and extending to the peak of June 2023. Presently, price is being rejected at the resistance level of 109.506 and remains below the sell line at 106.949. Although the current monthly candle exhibits some bullish sentiments, it still appears bearish, prompting us to exercise patience. It is advisable to await confirmation through a TDI (Traders Dynamic Index) cross in the monthly timeframe, which would indicate the presence of sellers in the market. The first take profit level is set at 100.946 . The second take profit target is the yearly open of 2023, located at 93.389 . If the price manages to close below the yearly open, the third take profit level would be last year's open, which stands at 91.144 . This trade presents a high probability for sells throughout the year, contingent upon the occurrence of a TDI cross. Caution and careful monitoring are recommended to make informed decisions. It is crucial to exercise patience and await the TDI cross before taking any action. Trade with Caution. Wait for valid entries. Please support this idea with LIKE, FOLLOW & SHARE if you find it useful. P A T I E N C E + D I S C I P L I N E
Short
by PeanutButter
CADJPY Bullish within the Channel Up, bearish below it.CADJPY is trading within a Channel Up since the March 24 bottom. The price action maintained this bullish formation as not only did it recently made a Higher Low but from July 12 to July 18 all 1D candles successfully closed above the 1D MA50 (blue trend-line), something common since April 27. As long as this is taking place, we will stay bullish, targeting 109.250. That is a Lower Highs level, similar to the one on in April, whose fractal resembles today's. On the other hand, if we close a 1D candle below the 1D MA50, we will sell and target 102.000, just above the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
CADJPY: Sell this consolidation.CADJPY is testing the 1D MA50 in the form of support on bearish 1D technicals (RSI = 42.279, MACD = -0.050, ADX = 56.167). A 1D candle close under the 1D MA50 signifies a validation of selling extension as after the rejection on R1, the long term support of the HL trendline broke. We will sell this week's consolidation, which isn't just taking on the 1D MA50 but the S1 (104.120) as well, targeting initially the S2 (TP1 = 102.245) and then the S3 (TP2 = 99.350) assuming the 1D MA200 breaks. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
3
CADJPY - 4hrs ( x2 Running Entry's Full Closed + 320 PIP )Pair Name : CAD/JPY Time Frame : 4hrs Scale Type : Large Scale Analysis Way : Volume + Classic + High & low + Market Map Direction : Short 📋 Educational —————**- 🗒 Just browsing through my analysis means a lot to me. ➡️ Update - ———— VIP Opportunity Entry 1 Take Profit 1 + 2 Account Growth = 10 % Pip' Achieved = 140 PIP ( 0 Draw Down ) Entry 2 Take Profit 1 + 2 + 3 Account Growth = 15 % Pip' Achieved = 170 PIP ( 0 Draw Down )
Short
by GentleGoldenEngine
2