FX:CADJPY Short the Breakout, buy the Bulls Patterns Bearish Structure Breakout & Eventual Bullish Patterns completion zones. Safe Trades;
CADJPY appears to be consolidating near a previous support around 84.82 Watch out for a breakout of the previous low at 84.90 which would open a target at 84.40
W Weekly supply is in control. Weekly Demand not being respected. D Trending downward in a Channel formation. New Daily Supply forming. Room to run to nearest Daily Demand zone 240 Supply zone is a little close to the nearest Demand, but I'm estimating that the formation will be respected. TP 3:1 goal. Profit taking strategy to take half off at 1:1, then run...
I Haven't traded this pair but need to practise my Tekkers so thought id give this pair a go, from top down Monthly, Weekly, Daily levels and see what I could see and practise my strategy First thing that stood out was we have tested the Monthly level at 88.882 which seems to have been a strong area of resistance in the past. I then see we have a 2618, it went...
2168 trade opportunity on CADJPY. Bear candlestick at 0.618 Fib.R gives additional confirmation. Enter short @ current market price.
On the CAD.JPY Daily chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 87.122 & 87.749 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618%...
Looks like it will roll over from the shelf target around 83.470
Looking for short if price break and close below the LOW. Price made a double top previously.
FX:CADJPY We have the 1h Bullish Shark forged at structure above the neck, it the price rejects the neck as i am expecting, it can build a 5 waves structure inside this structure as an eventual ABCDE pattern, or a rally into a new higher high, higher close ;) The Bullish Bat can be forged at confluence between fibs at 88% retracement and also the 38% major...
It's good to go short on CADJPY because the Slow Stochastic's average are crossing each other.
On the CAD.JPY 1hr chart we 2 potential trade opportunity's at the D leg completion of x2 Bearish Cypher setups. Bearish Cypher Setup ( Blue ) - D leg completion 88.218 Target 1 - 87.598 Target 2 - 87.213 Bearish Cypher Setup ( White ) - D leg completion 87.861 Target 1 - 87.376 Target 2 - 87.076 Cypher setup stop loss would be placed above X leg structure...