Hey Traders,
Check this trade analysis out on CADJPY.
A possible bullish run can be look for at any area of breakout of the symmetrical triangle.
Watch out.
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.
Waiting for a retest of 101.427 to long EURJPY back to daily key level at 104.482
If you agree drop a like and if you have any questions leave a comment :)
cadjpy (one of my beloved minor quotes) is in accumulation phase. I'm ready to take action as soon as cadjpy reaches to one of mu support/demand zones.
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be...
Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to go a little bit lower to fill the imbalance and then to reject from bullish order block + institutional mid figure 101.500.
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CAD/JPY Has Been in a uptrend this past week. and Its been having beautiful Market Structure as well. I believe CAD/JPY will break above the zone & continue in a uptrend. Keeping it simple is the way to go. Find a trend & wait for the breakout & enter in the pull back . Its not always gonna pull back for a entry, But that's just part of the Game & being patient!
Here is my view for CADJPY on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for CADJPY on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Ascending Triangle is forming on the CAD/JPY.
We have had a few fakeout breakouts above. Nothing too promising yet.
But we are seeing higher lows and that is comforting for the price to continue up.
7>21 - Bullish
Price<200 - Price reaching 200MA elastic area.
RSI>50
Target 106.00
Bullish by nature
Waiting for a retest of 98.729 to long CADJPY back to 4H swing highs at 101.606
If you agree drop a like and if you have nay questions leave a comment :)
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
CAD/JPY - M30 Chart - Falling Wedge Pattern
Signal No.6✳️✳️
Buy Cad/Jpy @ 99.33
Tp - 100.14 & 100.84
Sl - 98.70
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“Markets are never wrong, but opinions often are.”-Jesse Livermore
Good Luck💛💛
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
