📉Expecting bearish price action on this pair as price made a shift in the market strucutre from bullish into bearish, retraced back into a bearish orderblock on h4 + imbalance fill and rejected from there with a nice h4 bearish closure. I think we go for another leg to the downside.
What do you think ? Comment below..
According to my analysis CADJPY is going Bearish For Upcoming Week
1- As it made W Shape Chart Pattern break above the Neck Line and go up.... Now Price is going to retest the neck line that has made on daily time frame
2- Price is making nice Quasimodo chart pattern on 4 Hour Time Frame also Suggest it Bearish behavior for the upcoming week
3- Price has break...
Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)).
- Leading diagonal
- Formed on extreme low
- Termination sub-wave 5 is smaller than 3
- 50% of wave ((1))
- Ended near the sub-wave 4 of an impulsive wave.
- Impulse (Five wave...
The long-term trend for CadJpy is clearly up, and at this moment, the correction started at the end of October looks done.
The pair found strong support in 89 zone, a zone that acted as support or resistance multiple times in the past.
As long as the pair stays above this zone I expect a new leg up and the first target can be 200 pips above, at 91.50 zone.
CADJPY LONG - Buy Entry - H4 Chart
Entry Price: Buy @ Market
Stop Loss: 90.275
Take Profit: 91.597
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
Hi everyone this is my trade set up for the CAD/JPY for the new week ahead
CAD/JPY i am expecting a pullback to the order block zones and will be looking for a BUY trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for...
Undoubtedly, the trend for CadJpy is bullish and, the drop from above 93 is just a correction in my opinion, with overlapping tops and bottoms(also looks like a flag).
The pair found some kind of support around 90.50 and now is consolidating.
Although I don't rule out a spike under 90, I will consider this a good opportunity to buy in anticipation of a...
CADJPY is in the beginning of the bigger bearish impulse and therefore there are two areas where price may react or reject from the region, first one is 90.97 and the other is 91.20 lets wait and see, how price react at these areas.
If price should break 91.036 level, then we want to see a retest of our order block at 90.674 level before we jump into the wave.
Entry - 90.674
Tight SL - 90,520
Target - 91.984
If i do not see these confirmations, i will stay out.😢
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Strong weekly resistance established so we are looking for at least a 100 to 200 pip push to the downside and further analysis to
see if there will be a larger 300 to 400 pip push down to the next weekly resistance level.