CADJPY is approaching our first resistance at 83.21 (horizontal overlap support, long term ascending support line, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 84.71 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci...
CADJPY potential sell coming soon.. Fundamentally CAD to not raise interest rate and keep it to 1.5.. if they hike rate then go long instead. RIsk Reward 1:1 & 1:2 (40-80 pips) or exit whenever you want. please use proper money management.
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Vinny
CADJPY is approaching our first support at 84.22 (horizontal swing low support, 50%, 78.6% Fibonacci retracement, 61.8% Fibonacci extension, short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 85.91 (horizontal pullback resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement)....
CADJPY is approaching our first support at 84.81 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur pushing it up to our major resistance at 85.86 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55,5,3) is approaching support where we might see a corresponding rise in...
Rising Wedge has broken through the support line at Possible bearish price movement forecast for the next 8 hours towards 85.7128.
Supported by Downward sloping 62 ema
CADJPY is testing its resistance at 86.27 (61.8% Fibonacci extension x2, 78.6% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 84.71 (61.8% Fibonacci retracement, horizontal overlap support) could occur.
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding drop could occur.
NZDJPY is approaching our first resistance at 85.48 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 84.86 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our major resistance where we...
Sell below 85.44.
Stop loss at 85.71.
Take profit at 84.56.
Reason for the trading strategy (technically):
CADJPY reversed off its resistance at 85.44 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 84.56 (50% Fibonacci retracement, horizontal swing low support)....
CADJPY
1D: Simple downtrend pattern can be seen on the chart. Price Breakout Support zone @ BRN 85.000 (Support Become Resistance)
If Price retrace back to that level... SELL
4H: Price is reaching 85.000 BRN zone. Look for any Candlestick reversal signal (CRS) for entry confirmation would be better.
Targeted entry level:
Sell limit @ 85.000
SL @...
Price is approaching our first support at 83.29 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 85.68 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching our support where a...
CADJPY is approaching our first support at 83.29 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 85.68 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching our support where a...
![CADJPY: CADJPY SHORT SHORT SHORT? [SIMPLE TREND CONTINUATION PATTERN]](https://s3.tradingview.com/y/yqzpm93k_mid.png "CADJPY SHORT SHORT SHORT? [SIMPLE TREND CONTINUATION PATTERN]")
