As salam alaikum T.A Review: Bullish Channel Consolidating since last Month Another Falling Wedge Holding Rejection zone i.e 82 Strong chances of pullback. F.A Review: Dollar strengthens and Covid can't be ignored. FED decisions, NFP,ISM and PMI are on the way as well. Market will be highly manipulative this month.
CADJPY ANALYSIS Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!
On positive fundamentals, we saw CADJPY take a leap to the upside, followed by a strong rejection from a major resistance level. This has helped to reduce our stop loss size and great increase our R:R in a short position back down to key support levels.
MKT may test its TL near fibo level 0.786
We are expecting CADJPY to buy from the support zone let's be reactive and not predictive
MKT may reverse from its support near its trendline/.
82.00 zone is very strong resistance for CadJpy and I expect this to offer a ceiling for the pair going forward. The rise from 78 is also in a rising wedge pattern and a break under 81 would expose this bottom of the range. I'm looking to sell this pair
CADJPY BEARISH GARTLEY PATTERN Market Sell Order Set Up. Sell Entry: (82.000) Take-Profit 1: (81.721) Take-Profit 2: (81.530) Stop-Loss: (82.300) Max Risk-Reward: (1.57) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
CADJPY BEARISH BAT PATTERN Market Sell Order Set Up. Sell Entry: (81.874) Take-Profit 1: (81.279) Take-Profit 2: (80.847) Stop-Loss: (82.400) Max Risk-Reward: (1.95) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
CADJPY go for long! +Breakout trend line + Strong Support + Price action tells further above!
CADJPY has an idea to go for long; + Bullish Divergence + Strong Support + Breakout Trend Line
We can see market is going up in a up side channel. so it may test its previous support and then will go to resistence.
CADJPY from the daily perspective the price has already tested the resistance plus it was moving in Ending diagonal pattern, we are looking for selling opportunities
While CAD/JPY rates are still hovering below resistance that is constraining a breakout.it’s too soon to say that the CAD/JPY bullish breakout attempt has been denied. It remains true that clearing 81.58 and 81.91 would be strong indications that CAD/JPY rates were embarking on an earnest bullish breakout attempt… CAD/JPY rates are starting to regain bullish...