CADJPY Head and Shoulder Formation!
We think that the recent advances in cadjpy have come to an end for several reasons 1. The previous weekly candle is a Doji candle that means it can indicate a reversal of a trend. 2. The price of cadjpy is currently close to resistance called Senkou Span (Ichimoku indicator) 3. In the daily chart, the cadjpy rose until it touched a moving average 200 and failed...
I expect the price to move back up to at least the 0.382 fib level and providing price action turns bearish and I have enough confluence in my setup, I will be looking to take a short back to the trendline and will be expecting the trendline to break to the downside. With stops above the previous swing high on the daily timeframe and aiming for 82.5, we have a...
BBECAUSE, AM NICE LIKE THAT :)
PLEASE WATCH OUT FOR THE BREAKS IN THE TREND LINE BEFORE YOU ENTER. See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
I EXPECT A TREND REVERSAL ON CADJPY LOOK TO ENTER AND RIDE THE TREND DOWNWARD.
CADJPY Sell entry on 82.35 Waitin for your comment
CADJPY is approaching its resistance at 82.057 (0.618 Fibonacci retracement) where it could potentially reverse to its support at 80.540 EMA 21 & EMA 55 both crossed over signifying a move up. A break in the black trend line leads us back to its support of 80.540 See previous analysis SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
1. Reassessment of this currency shows that short pressure is still strong. 2. Price is testing break of 4hr bear flag. 3. Rejection of resistance structure 4. Breakout of 4hr bear flag showing continued downward momentum 5. Price action is breaking out of the weekly bear flag as well.(Weekly bar has not closed out of weekly bear flag) *High confluence of...
1. Price action has broken out of bear flag (with strong volume) and retested previous support. 2. After which Price action broke down again at the 0.618 fibs and broke out of the weekly bear flag and is retesting the weekly bear flag trend line again. 3. Clear short and good probability trade, will be looking to add on size on this one.
CADJPY has HIT the Fibonacci retracement level of 0.618. there is a possibility this could go down to 0.236 thou Stoch RSI has gone into oversold territory so the pace is gathering for a nother turn up. be ready to jump in See previous analysis like, comment and follow
My algorithm just generated an instant SELL signal for CADJPY at 86.250 Stop loss at: 86.800 TP1: 86.010 TP2: 85.751 TP3: 85.280 Feel free to comment or follow.
CADJPY seems to be creating a sort of ending diagonal. this should give some SELL opportunities. SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
JOIN THIS NOW WITH SL JUST ABOVE THE BLUE LINE I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE