-The bearish trend is getting weaker based on daily timeframe - Most likely, it will go down further to get liquidity @ price of 86.550 Here are the confluences; a. Liquidity Area b. Daily FIB 78.6% c. Forming a Wedge (reversal) d. Major psychological level 86.500 (If rejected)
CADJPY looking very bullish on the 4hr TF after creating a double bottom. Also, our special alert system points out a potential 50 to 100pips to the upside.
Hello Dear Traders, You find below my analysis for CAD/JPY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame CAD/JPY will rise to 88.65 as I am showing in my chart (61.8 Fibonacci). Our Weekly Goal is 89.15. Currently,CAD/JPY is moving towards the support level of 88,25 where there is some liquidity,...
CAD/JPY Signal Market Buy: 88,250 Stop-Loss: 87,650 Target 1: 89,000 Target 2: 90,050 Stop-Loss: 60 pips Risk: 0,5% Risk-Reward: 3,0
CADJPY is currently in a buy, having hit the lowest point buy, and soon to go up and out of the oversold buy. Definitely a trade worth holding on to and could hit a TP of 89.060
CAD - Strong Bullish 1️⃣ CAD has been supported by rising crude oil prices. 2️⃣ The Bank of Canada has been one of the first developed country banks to announce a tapering in its QE program as the bank adapts to improving domestic economic conditions. 3️⃣ Canadian IVEY PMI and employment data will be released later this week and expected to increase higher. JPY...
My view on CADJPY is BULISH... Monthly Bearish Weekly BULISH but going to hit previous supply zone 3rd time... Daily BULISH... . . .
CADJPY SELL : REASONS : 1)IN 4H CHART THE RED CANDLE STARTED AND IT IS PATTERN GOING DOWNTREND , SO WE ARE GOING FOR A SELL , TP : GREEN LINE SL : REDLINE IF SL HIT : ONLY 10 PIPS MINUS IP TP HIT : ITS 78 PIPS PLUS
I try to make Every thing Simple and Self explanatory in The Chart. Thank you for Watching My Trading Idea.
RSI on 1H, 2H and 4H are high but not oversold, leaving enough space to go up further. To me today's rise breakout the recent mini-downtrend, therefore it should rise up a bit further before another retracement. 89.976 is the minimum I'm looking forward to achieve.
Taking a long on CADJPY. 2 values as stated for BE and TP 1 along with final target. Will look to hold over a few days at least
CAD - Bullish 1️⃣ Confidence among Canadian exporters has soared to its highest level in more than 20 years following the continued global economic recovery. 2️⃣ Global crude oil prices traded well following a decline in inventories and market sentiment remained optimistic due to extensive vaccination programs in Europe and the United States. JPY - Bearish 1️⃣...
Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
as we shared our analysis last week and market follows our predication and went exactly there to retest now market is at demand zone and going long look for bullish confirmation on lower time frames and enter long with your own money management always remember that patience and discipline are the keys to success last week prediction link is here
I feel as if the huge impulsive move was just a hunt for liquidity on this bearish trend, now that we have got it out of the way, we should be able to continue smooth sailing to the downside.