It shows a H&S pattern with a 4H candle fully closed below neck line. SL shows in red line and targets below.
Far level retest. The price is returned for the retest level the previous touch of the level more than 1 month ago. Moreover, a strict number of false breakdowns. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
Below is my analysis for CadJpy
Hi Traders, I am looking to short CADJPY. Hope you will enjoy Good Luck
Looking to go short on CADJPY if we retest that support that got broken and some rejections given will go short to next lows trade wisely
This looks done here. Put fork in it! Target: <80.00. This one - EURCAD... ... makes this one an even stronger short.
So many reasons to take a short, such as Evening Star on the weekly, price within a significant resistance zone, at the top of a descending channel that has been respected several times. I am looking for a retracement since that will be a better entry with an improved R/R. If you like my trade idea, please give it a "thumbs up" and follow me to get immediate...
CAD - BEARISH 1️⃣ Declined in oil prices weighing on on the CAD. 2️⃣ The CAD has been pressured amid the risk-off tone. JPY - BULLISH 1️⃣ The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent and maintained the target for the 10-year Japanese government bond yield at around 0 percent during its December meeting by an 8-1 vote. The BoJ...
As we can see, 161.8% level for CADJPY was achieved with further movement to the upside. However, we can see that 81.46 resistance is holding strongly with price level failing to break this level. This could possibly show a weakening bullish strength and the climb to 261.8% level might not occur from here. Instead, I will be seeing a bearish retracement back to...
Hey traders, here is the analysis for the CADJPY. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
This pair has hit weekly resistance levels and is now wanting to break below its daily trend line. A retest of previous structure is what I'm looking out for next 😎
A potential break out from the ascending channel to the downside. Bearish scenario becomes invalid IF CADJPY closes above the purple line. 81.650.
I took this trade with the team earlier today but the lack of market volume means we haven't got very far. I am hoping for a strong clear move to the downside, I will update you on the progress.
I have been watching CADJPY for a week now and after seeing it break resistance and comes back below it, I will look to short it after breaking my support trend line and retest it. Will keep an eye out as price action develops.