CADJPY - Buy/Long - Ascending Triangle. Price has been knocking on the 106.200 zone for a while now and we might just see it break-through to the upside. Price has been making a series of higher lows to this point, indication strong momentum. Always Use good risk management, only risk 1% or less on any given trade. When a certain % or pips in profit move stop...
Looking to short this pair as there is major resistance above. Would love to see price break the trend line and then retest before entering for a sell. Of course, price can break June's highs and the 2 resistance above the current price on the chart. Would take news to do so in my opinion. Tuesday and Wednesday this week are important days to see what this pair...
These are the set ups I see on CADJPY. Of course, we always wait for price action to show us which direction the market will end. What do you think?
My Bias is to the down zone as a 4-hour and daily zone exist above in a downtrend. Price has also just broken support. I'll be looking for an hourly close below support and/or the next 4-hour candle. CADJPY is volatile and can very easily wick back up. Let's see what happens. A perfect scenario obviously is a break and retest.
CADJPY analysis update and I’m seeing it’s going to move for +120 PIPs to the downside ✅
Let's see what happens! Price action will determine this trade :)
Am waiting for the breakout of the denoted level and retest for entry short ..... Targets on chart. Like & Subscribe.
#CADJPY Due to MARKET RISK OFF, CADJPY is going down a bit. We expect CADJPY to go UP again. Either way, that price can retrace to the CADJPY MAIN TRENDLINE. After that you can go DOWNSIDE the MARKET. The reason for that may be due to the fall in OIL PRICES. You can definitely buy at the CADJPY 104.90 level. For that, MARKET RISK should be ON SHORT...
CADJPY created a compression channel or bullish flag pattern. Contraction always leads to expansion. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
CADJPY has reached and been rejected from 2014 big resistance level. Weekly time frame: rsi = overbought macd = weaken. It got rejected from resistance in 8 june 2022 and tried to retest it but failed in 21 june 2022. However on the 1 hour time frame, it failed to break LL of 10200 in 16 jun 2022. But higher time frame moment is down, expect market to go...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
We will be looking to short CADJPY. The market has been bearish for several days. We can see signs of market exhaustion. 1. Trendline Breakout 2. Breakout Of Key Level 3. Retest of Key Level Target is the low of the month. Risk Reward is around 1 to 8.
All on chart comments welcome!!! sl: open now Tp: open
- GBP FEATURE currently stands at 1.2608 LEVEL. Also the JPY FEATURE stays at 0.0077 LEVEL. GBPJPY PRICE is moving higher than DYNAMIC S / R LEVELS. So most of the time the PRICE can be a bit UP ahead. But the MARKET SENTIMENT must be POSITIVE if you want to BUY GBPJPY. - STOCKS are currently DOWN. And VIX is becoming DOWN. COMMODITIES OVERALL DOWN. Also...
HTF 12H is bearish Waiting for CHOCH M42 in LTF Then M42 OB Must B mitigated
CADJPY is consolidating. There are no clear trend indications. IF price goes higher to resistance level 100.00, then we look for short opportunities. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Trade at your own Risk. Risk No more Than 0.70 %.Use stop Loss.
According to Elliot wave theory, the 5th impulse wave has been over and the Corrective waves have been started. Since the corrective wave has been inside a downward channel therefore we could expect a fall down in price if the price moves to the upper line of the channel . Share your ideas in the comment