Here in CADJPY i'm waiting to buy it from its support as it has made base area at bottom which is sign of buying from the bottom (support zone). So we have to wait till it fall to support area & buy it. On LONG-TERM it will strengthen till the up end which almost takes a whole month..... I HOPE THIS HAD GIVE YOU A BETTER IDEA ABOUT CJ .. PATIENCE is the KEY of...
Good day, snipers. Here in the CAD/JPY we are in an overall uptrend, so I would only be looking for long setups here. As you can see, price rejected the previous support with a red candle and a long wick closing above that support zone. Also, price seems to bounce off the minor resistance level which happens to be the 38.2% Fib Level, too. Follow me on...
Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market targets: 79.9 - 80.3 - 80.6 after first target reached move ur stop to breakeven stop: under 79 (depending of ur risk). ALWAYS follow ur RM . Good luck Follow me on TRADING View, if you don't want to miss my next analysis or...
The counter is currently consolidating in flag pattern after a strong sell-off. It could be interpreted as wave 4 as well. Further, the pair is finding resistance at higher levels. Hence, we expect the pair to move lower to complete wave 5.
CAD/JPY, monthly timeframe: 18 years old(!) support zone + Divergence + Hammer + Morning Star
CADJPY BEARISH please leave a follow and like if you find it useful and I will keep posting for you guys!
We have a very serious support line in the weekly chart at $ 76 and CADJPY is still close to the line which means it's a good time to buy. RSI is very low Stochastic crosses lines at 20th Buy with a target of 79.2
Going to try and take this long for 112 pips. Stop is right below previous bar and trend line break. This could easily fall back inside consolidation so minimum risk applied.
Plan: trendline and resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
CADJPY's attempt at making a breakout above the 76.800 level seems to have lost strength, and I see it now consolidating in a narrow range between 76.800 and 76.650 levels in the short term. A clear trend maybe seen after getting out of this consolidation range, but right now, I will look at going short in this pair since the breakout attempt seems to have been...
Plan : wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. ...
We expect a drop on all japanese yen quotes including CAD/JPY. After all the rules of our strategy will be satisfied, we would short the pair.
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If the price will Break and Retest this resistive horizontal Level, it would be a good sign for buyers to take long entry with low risk, and potential profit would be many times bigger.