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Price has formed a distribution and a x movement waiting to reach that ob level to sell it
Observing the CAD/JPY pair, we can see that the price has broken the trendline, which, in my opinion, indicates that the price is moving in a downtrend. Alternatively, this could be a retracement before resuming an uptrend. What are your thoughts on this? Personally, I anticipate the price to reach 106.556 .
Looking at the CADJPY pair, we can observe an overall downtrend. We can see a tested resistance zone and a broken minor support zone. Additionally, there's a liquidity void left on the lower left side. In my opinion, this serves as an indicator that the price is likely to continue in this trend.
For me is good opportunity looking for sell. 3 version on my view for CADJPY
CAD-JPY is trading in an Uptrend but the pair has Formed a bearish wedge Pattern and is trying to make A bearish breakout so I think That If the breakout is confirmed Then we can expect a local Bearish move down !
CADJPY has break the inclining trendline and important support zone heading toward the lower targets of 160.50 area. As the price has also break the local descending channel to downside which is also signaling the sell side is much favorable. What you guys think of this idea. ?
Hey Everyone, hope all of you had great weekend, after looking most of the JPY pairs, it is clear that all of them recently overbought due to JPY weakening day by day since last 2-3 months. However, a strong bearish Impulse is expected. Price needs to show an indication of strong bearish behaviour before finalising or taking any further actions. Good Luck And...
CAD-JPY has hit the Horizontal resistance Of 107.0 from where we Are seeing a bearish Reaction and I think That the pair will go Further down!
Hi fellow traders, CADJPY has reached the blue box after completing this large WXY correction. Look for a sell opportunity anywhere from this area. Target the wave 'X' low. Good luck and trade safe!
Since price made the first leg downwards, we had a retracement of more than 50% at fib levels, which makes grade opportunity to short. Watch for rejection First TP the structure below, Second TP after securing some profits at a level below at the order block.
The price is higher in the hourly resistance range, a trend reversal or at least a correction is expected
Hello traders! ‼️ This is my perspective on CADJPY. Technical analysis: Here we are in a bullish market structure based on higher timeframe, so I am looking for longs. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from bullish order block. Like, comment and subscribe to be in touch with my content!
hello everyone, the price of this pair has reached the main resistance level , the price may or may not reach 110 or above.. overall, Cad has been week since the CPI news.. Price will most likely drop to support level 104. Wait for proper bearish candle and proper break out before taking a trade... pair has been bullish for quite while, there most likely be a...
Hello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
CAD/CHF is currently sitting at a key level and a big test. Today is also the day of the Canadian Interest Rate decision. Forecast is for Canada to increase their rate from 4.75% to 5% which would be an increase of 0.25 points. However, this same prediction was made for the RBNZ last night and they decided to keep their rate the same. If the BoC do keep the...
Hello traders! ‼️ This is my perspective on CADJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short position. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block Like, comment and subscribe to be in touch with my content!
Trade Pair: CADJPY Direction: Potential reversal to the downside Entry: Below current market price (to be determined based on technical analysis) Stop Loss: Above resistance at 109.58 Take Profit: 96.5 Rationale: The CADJPY currency pair has shown signs of a potential reversal to the downside, presenting an exciting trading opportunity. The idea is to enter...