cad jpy is showing bearish momentum on higher time frame
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience is the key to become a successful trader
Hello Dear Traders,
You find below my analysis for CAD/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame CAD/JPY will fall to 87.75 as I am showing in my chart. Our Daily Goal is 87.45.
Currently, CAD/JPY is moving towards the resistance level 88.35,where there is some liquidity from this...
Hello Dear Traders,
You find below my analysis for CAD/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame CAD/JPY will fall to 87.75 as I am showing in my chart. Our Daily Goal is 87.45.
Currently, CAD/JPY is moving towards the resistance level 88.35,where there is some liquidity from this...
CADJPY has the potential of going to the downside seeing that price has traded to a higher time frame bearish order block with liquidity grabbed. In mitigation of the last push down, buy stops were taken moreso, seeing trendline phantom and liquidity below price alongside a fair value gap. This might be a selling market.
This pair finally breaks above its current daily resistance.
We saw this happen yesterday with strong bullish pressure.
Now, we could see a pullback before a continuation upwards.
As the trend and momentum is up, we are inclined to trade with it.
If price pulls back to the region, finds support and bounces with bullish rejection, we'll go in for buys.
Hello Dear Traders,
You find below my analysis for CAD/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame CAD/JPY will fall to 87.4 as I am showing in my chart. Our Daily Goal is 87.24.
Currently, CAD/JPY is moving towards the resistance level 88,where there is some liquidity from this value we...
CADJPY has arrived at the lower end of sell zone 87.85 - 88.09 within the bearish pennant, which is a great opportunity for selling.
Enter short trade at higher price if you believe price will still move higher, I entered at 87.89
SL: higher end of the sell range or higher than the upper trend line.
TP: Fib based, expecting it to break lower, but don't be...
CADJPY is moving in a descending channel and has now hit the resistance zone of the channel
The pair is falling to support
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This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CADJPY failed to break through resistance and it also closed in the daily timeframe as a bearish pin bar. Also, in the weekly timeframe there's some sort of head and shoulders formation. Overall trend is bearish in the daily timeframe. If you are taking this trade, try not to risk more than 2% of your account. Good luck and have a successful trading week.
CAD JPY is facing a bearish momentum on higher time frames
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience is the key
Let me remind you that in my previous analysis I have mentioned selling opportunity , and it turned out great. Now as we can see price is making bearish correction and approaching on structure level. I am expecting great opportunity again on above levels. Remember Rejection will be considered on structure level. The CAD index is doing bearish correction and then...
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*****
CAD/JPY Analysis - Potential short (daily trend continuation) at previous daily resistance/support zone...highlighted in red.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
Welcome back Traders, Investors, and Community!
CADJPY
⬇️Sell now or Sell at 87.32
⭕️SL @ 87.63
✅TP1 @ 86.4
✅TP2 @ 85.9
✅TP3 @ 85.14
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Traders, if you have your own opinion about it, please...
