H4 - Price bounced higher from a key support zone. Most recent downtrend line breakout. H1 - Bullish convergence. Currently it looks like a pullback is happening. Until the key support zone holds I expect the price to move higher further after pullbacks.
Long according to Trading veiw Eliot wave finder besides my own points are also given towards take profit level
As we all know that the economic condition of Japan is not fine, and they are also facing natural disasters. I still believe that Yen will remain weak in coming week. Better to look buying opportunities on such pairs which have YEN.
As I study the economy of Japan, its economy is strong, but they did not increase their interest rate. So in this situation, I think Yen will remain weak. Better to look buying opportunity on this pair.
CADJPY has been on a bearish trend for a couple of months now, however, there are chances that bears are exhausted and it might be time for bulls to run the price to the 110 to 120 price mark! it will take months for this analysis to yield, but should the right buying opportunity occur, the target ought to be the 114 to 120 price level!
#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last...
cadjpy went last week as we predicted now market is going to have some recovery main support area and demand zone look for bullish confirmation on lower time frame and buy cadjpy with proper money management always remember patience is the key
CAD_JPY Bulish and wait retest on demand to entry buy LONG
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
CADJPY is also following its trend line, better to look buy opportunity on till the market remain above the trend line.
HI WAIT FOR THE TEST AREA open position : ? take profit : ? S/L : ? Best Regards.
Hi fellow traders, CADJPY will be a buy from the blue box area. Goodluck!
FX:CADJPY From my analysis, price have touched psychological level 86.000, i expect price to touch the red oval shape(lower channel line) thereby forming lower low, hence it makes sense to start piling trades from the yellow box. Use proper risks management (1% per trade x 4 trades) PPPDirhams. Disclaimer: These are just my thought, action them at your own risks.
the market has broken its resistance line strongly and still going up as JPY is weak as compared to CAD.
We are expecting a drop down to our support region around 85.007, then we take a nice long position for about a 145pips NB: Risk management highly adviced.
CADJPY, approaching Strong Support Zone!
We can see market is going up in a up side channel. so it may test its previous support and then will go to resistence.