We have a clear bearish trend and it will continue till 89.00 in my view therefore price may react to our area as if it goes above the previous high then it will invalidated the setup. Please wait for a clear conformation before jumping into taking trade.
CADJPY - Short Why are we entering? - Price broke the ascending trendline = bearish - Expecting further CAD weakness & JPY strength after a short retracement period = CADJPY SHORT What are we waiting for to happen? - Waiting for the next pullback so we can draw WFB What is our confirmation? - rejection of structure and EMA - Waiting to draw WFB Entry Safe...
Hello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ On the Monthly we are bullish with an ICI to the upside which the market is currently retesting the previous resistance turns support once we see a close above the support we can see a continuation to the upside. Dropping down on the...
Hi everyone this is my trade set up for the CAD/JPY This is my analysis only please trade with caution and risk management in place look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute good luck for this weeks trading please like and comment both are welcome thanks
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.
In the past week, CADJPY has broken above and retested a major Weekly/Monthly resistance for the first time in years, which indicates the trend is still healthy, and up. The next target is 98.650, althought i am planning to take some profits at the (A) pictured level, before i anticipate a potential Weekly retracement to the 91.400 support/resistance level...
On hourly time frame one can follow this trade plan with proper risk management, calculating the risk reward ratio. Entry : Current Price Stop Loss 1 : 92.299 Stop Loss 2 : 92.448 Take profit : 91.487
CADJPY looks like in bearish trend in the hourly time frame as its making LHs and LLs. An attempt to short it from the current position can be made with a very tight stop loss as risk reward ratio is quite high here. Entry: Current Price Stop Loss 1 : 92.152 Stop Loss 2 : 92.482 Take Profit : 91.691
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.
Sell this pair with a stop loss: 92.8 take profit: 91
Simply engulfing candle Strong supply area This analysis, according to my personal opinion, may be wrong and may be correct
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.
cad / jpy sell target 1 = fibonacci 0/5 target 2 = fibonacci 0/618
Ready for the move down. It might go down to 87.345 price level. Trade with care