On hourly time frame one can follow this trade plan with proper risk management, calculating the risk reward ratio. Entry : Current Price Stop Loss 1 : 92.299 Stop Loss 2 : 92.448 Take profit : 91.487
Overall bearish bias on this pair after it reject the major trendline. Looking for this pair to create new lower low.
1. CAD is being weak in the market as oil 2.in the last week JPY has been far away from it’s real value , so we expect JPY to become one of the strongest currencies this week 3. Technically CADJPY is moving in a descending channel and where I opened was good with LOW risk I wish you guys the bests What’s your opinion ??
Hey guys, I'm currently short on this pair. I expect this pair to retest that rectangular shaded area
CADJPY looks like in bearish trend in the hourly time frame as its making LHs and LLs. An attempt to short it from the current position can be made with a very tight stop loss as risk reward ratio is quite high here. Entry: Current Price Stop Loss 1 : 92.152 Stop Loss 2 : 92.482 Take Profit : 91.691
Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
right now the market just turn around it has started making lower lows and lower highs
It has been risk ON lately. So JPY has been very weak because there was no need for people to put money into this safe currency, but it looks like it is now nearing the end of it's trend. I expect big institutions to start removing their risk as more uncertainty enters into play. No FOMO Everyone is trying to short right now, so I expect a second...
#CADJPY Daily Bullish Movements In Bullish channel So Finally We find The Reversal Area Possible is If There Is No Breakout In That Area
#CADJPY Monthly We Are Nearly Close To Reversal Area OF JPY Pairs Its A Monthly Chart Frame Possibility is CADJPY is Going Back To Down
CADJPY has entered my POI. I am now waiting for it give indications of a reversal, so I may find a valid short. If price stay strong, making the HH even higher, I wait. Patiently. It will pull back at some point, to make the HL. This is dictated by HTF market structure. I wait, patiently, for confirmations. No confirmations, no trade. NOTE: I didn't...
Sell this pair with a stop loss: 92.8 take profit: 91
We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart trade has been live since 4:00 am UK time. This strategy is a simple 1:1.8 RR strategy. Working the 30M time frame on this strategy. We're only looking for TP3. The trade history can be seen at the foot of this trade idea too for full transparency. In that...
FX:CADJPY My analisis on CAD/JPY. Waiting for short positions.I am an amateur trader so any suggestions or ideas will be well received
Price is currently trading within Caption zone/s that last saw Tests for rejection to the downside in October-November of 2015. For price to experience the anticipated drop, CAD has to weaken and JPY has to strengthen inclusive of fundamentals. Bearish pattern signs have initialized on smaller time frames with rejection at 92.545, which is the beginning of a...
Bullish Indicators: 1) HH HL 2) Upward trend 3) Support at 89.698 Bearish Indicators: 1) Bearish inside bar 2) Resistance zone at 92.670 3) Bearish divergence on RSI 4) Breaking of lower trendline Plan: After making bearish inside bar and bearish divergence on RSI one can take a short position from here for the target of 89.698.