CAD/JPY 0.31% is most possibly in a reversal mode at the moment being. In the shorter term charts, we can see the convergence divergence with the MACD , with prices moving higher yet MACD making lower lows. If this resistance holds then we can expect CAD/JPY 0.31% to go down at least 200 pips. Always trade with your own analysis as well as money manage...
CADJPY for sell if breaks the trendline on daily chart u can sell from current point with Tight SL : 89.050 or wait for Break Trendline so CADJPY For Sell not for buy at the moment
Hey guys, this is a pair on my radar this week, price has been in a heavy uptrend and now has reached a possible reversal zone (because of daily structure). On lower timeframes there's no confirmation yet, but let's see how it plays out. Very overbought condition makes me think we could see a reversal right here. Let's see. If you have questions or you want to...
Hey guys, this is a pair on my radar this week, price has been in a heavy uptrend and now has reached a possible reversal zone (because of daily structure). On lower timeframes there's no confirmation yet, but let's see how it plays out. Very overbought condition makes me think we could see a reversal right here. Let's see. If you have questions or you want to...
We see a correction of 200 PIPS from the current level. Let's Watch !!
Hi guys, this is one of the simplest method to read structure, in a downtrend, when a support is broken, it most likely will become resistance once retested. Stops above highs, target1 81,2x level. Target2 to be determined. Don't know if i'm getting involved since i have two other CAD pairs on my watchlist. I'll let you know. If you want to share your view, or...
Drawing channels and resistance levels on CadJpy shows a very interesting setup. CadJpy has been trading inside this channel since february and so far every wave that tried to break the upper range was followed by a strong bearish wave that kept the decending channel intact. Stoch Rsi shows that theres enough fire power left for a possible upwards break. However...
Looking for cadjpy to move down to support level 82.400, good chance price may reverse at that level
30 MIN Chart potential bat pattern.
Descending channel is about to be broken. The pair will fall down to 80 in coming days. We post more charts on lower time frame to further elaborate the idea.