Probably Wyckoff's distribution happening... . . . Best of luck all...
CADJPY SELL. Please do your own analysis. This is only referencial.
Nicely overbought RSI in short period on all lower time frames, ok formed inverted cup on daily chart and near 0.5 fib retracement for a handle formation. The jump was also supported by a double bottom formation. Note: It was a confirmed downtrend, but with the CAD coming back strong a reversal may happen. For now, it will need almost immediate correction to...
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
CAD - Bearish 1️⃣ The gloomy market mood followed by the decline in crude oil prices depressed the CAD currency. 2️⃣ Bank of Canada Governor Tiff Macklem told the Canadian Press that the rise in inflation is temporary in nature. JPY - Bullish 1️⃣ The global market is expected to remain risky following market concerns over the increase in Coronavirus cases as well...
CADJPY Current Trend Downtrend. So only look for Short Position Entry 1 - 88.000 Entry 2 - 88.150 Entry 3 - 88.300 TP 1 - 87.200 TP 2 - 86.950 TP 3 - 86.200 SL - 88.500 This is not Signal Thank You
We sell this pair because there is a strong resistance above. Our entry and exits are as shown on the chart. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Wish you more success.
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
Hi Traders, This is my view on this pair for the next days #CADJPY Wait for the price to reach 89.7 area to look for a trigger. SL 90.21 TP 85.1 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to...
Technical Analysis: The price found sellers around the 50% Fibonacci retracement level which led to a breakout of the bearish pennant formation to the downside after posting a head and shoulders. A higher correction is expected around the 87.96 USD mark before a selloff all the way down to the target...
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 87.3 as I am showing in my chart. Our Daily Goal is 87.14. Currently, CAD/JPY is moving towards the resistance level 87.5,where there is some liquidity from this value...
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
After the news on CAD, we have seen downside movements across most CADXXX pairs. Now, in this downtrend, we'll wait for a pullback to continue taking short positions. Targets remain at 87.100.
Hello my friends, looks like this market is forming another Head and Shoulders (which its very fond of), we have broken the steeper of the two daily trendlines and subsequently bounced hard off the second possible one, the weekly chart is printing relatively bearish candles despite the bounce, combined with the pattern this looks like a good short. Put your entry...
I explain a bit more in depth why i take trades and the explanation on how markets work