This is for short term Please DYOR before entering the trade.
cadjpy has broken through strong resistance in the Fibonaci area, the trend is still bullish. Have a nice day
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.
Hello friends. Canada/yen has an upward trend in the long term and will expect to reach 117, but in one hour time, the first wave has ended and it will move towards the price of $105 in a three-wave correction, and after that, it will see a strong growth. up to the price of $112, which is the end of wave 3.
Break and retest of descending channel. Market structure creating higher highs and lows. Bullish price action leaving golden fib zone. Easy 30 pip target at next sell zone which is 0.382 fib.
Rejection major bank zone and 0.618 Fib with wicks into key buy zone. Bottom of descending channel with 15M bullish engulfing.
105.10 resistance broke which became support now. demand zone for long 105.30-25. stop loss 104.90, target: 106.45
Price came to 1h demand zone and made bullish reversal pattern on the 15 and 30 m. This zone is also the fib golden zone.
Third touch of bottom side of ascending channel. Pivots are bullish with price above. 1H bullish engulfing candle. Bullish divergence seen on 15M. Rejection off 0.38% fib.
Bullish pivots formation. Triple touch on bottom of ascending channel for the third time. Daily support is found. 1hr Demand zone is found with wicks into center. Bullish divergence found on momentum.
Bullish pivot with ascending channel. Falling wedge pattern found above daily pivot. Rejection off the daily support level which is also 0.382 fib.
On the H1 time frame, prices are testing the resistance zone at 105.50 in line with the graphical resistance where a break below the downside confirmation level at 104.80 could provide the bearish acceleration for further downside moves to the support zone at 103.50. This support zone lines up with the 78.6% Fibonacci retracement. Stochastics is testing resistance...
CADJPY has been trending upside and breaks this inner resistance, this week it could continue upside or trend down. We predict and React!!! Possible 200 Pips to the next resistance/Supply.
Target and stop loss are specified in the chart FX:CADJPY
Let's end the week strong! CADJPY's market structure has shifted a number of times. Look for the pull back to the 30 min demand zone and then a push (buy) to the upside. Trade has an RR of 5.42 This is just an idea
Entry based on the third touch of ascending channel which is bullish and confirms the trend. On this occasion, price made a W double bottom touch at the demand zone. 1hr ADX is bullish. Momentum is bullish. Price made a 5 min bullish engulfing pattern. The 15 min gave a pin bar this area. The price is above the daily and weekly pivots. Market structure is making...
Price is trending up. There is an ascending channel. We enter at at the bottom of the channel. Price rejection off the demand zone with daily support level. Momentum is bullish. Price is above daily and weekly pivot. Weekly candle is bullish. Bullish engulfing daily candle spotted on Tuesday.