Hello traders! ‼️ This is my perspective on CADJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to go a little bit lower to fill the imbalance and then to reject from bullish order block + institutional mid figure 101.500. Like, comment and subscribe to be in touch with...
Hi fellow traders, CADJPY has completed an ABC correction after the last drop. Look for a sell opportunity from the blue box area. Target the support levels. Good luck and trade safe!
Cad/jpy is nearing a resistance level, if it reacts to this level i will open short positions.
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.
Hello traders around the world! My name is Alexandre Karim and today we will be talking about CADJPY. CADJPY is forming an ascending channel on the higher timeframe and following multiple touches on the upper TL. I will be focusing on the short on these 2 areas: 1) High of the middle section at (101.791) 2) Third touch on the upper TL at around (102.700 /...
Hello how are you all doing? I see CADJPY moving down. There was rejection at the top with wicks signifying rejection and also my fib projections see it moving downwards. Use proper risk management and use proper confluences before entering JESUS LOVES YOU
CADJPY - Short Opportunity - H4 Hoping for a short term recovery from the downward streak of the Yen.
Hello Fellow Global Forex Investor/Trader, Here's an Outlook for CADJPY! Price Action Analysis 1. FX:CADJPY has retested on the multiple rejection area and Bullish Trendline 2. Then, forming a Falling Wedge, the pattern indicates a bullish continuation pattern 3. Breakout of the pattern confirmed the possibility of the upside movement 4. The MACD Indicator...
Hello guys, CAD JPY has been moving in an ascending channel, and the price has reached the support trend line. Do you think the price will break through or bounce? I expect a bounce, so I'm waiting for the BUY confirmations. If the price breakthrough, I will be looking to go short after the retest of the broken support level, tell me what you think guys.
According to my analysis using the Relative Strength Index (RSI) indicator, there is no divergence present at the moment. Trend is printing series of LHs and LLs. As part of my personal trade plan, I intend to enter a short trade with a 1:1 risk/reward ratio. However, it is essential that you conduct your own thorough research and risk management strategies...
The CADJPY has been trading strongly since April 26th, 2023. There was a big increase on Friday and it continued today. However, based on our wavecount analysis, we believe that three wave structures have been completed and it's likely a good time to sell. We took a short position at 101.05, with a 10-pip risk and a target of the GM4A (100.64) of the fibo. Enjoy!
CAD/JPY is nearing a major resistance level, and if see price reacting to that resitance level i will open short postions.
Hey Guys! I just aborted the entire cad/jpy short position due to possible current long strength kicking back in. That's it! Have a great day! Ken
On 4h timeframe it got rejected on resistance level, it looks sideways though, for 2hr timeframe it looks bearish for me, and might go back to the 2hr supply area and sweep the internal liquidity. However on 30m timeframe there is a supply area, if ever it price gets rejected on that supply area, I guess it can be considered as the new Lower high and may not...
Hello traders around the world! My name is Alexandre Karim and today I am going to tell you how I took my double short position on CADJPY. In my previous analysis on this pair (Shared Apr 18), I was looking for a reversal pattern in this area since we are on the third touch of the upper TL. The price went up correctively reaching this area & gave us a double top...
Fake Choc identified Demand of interest still not reached to go long No price exhaustion observed Volume kicked in on area for short and started ranging indicating a possible reversal Since is counter main trend tighter risk management would apply
Hey Guys! The Weekly bias on the cad/jpy is short. Or in other words, price is likely to reach 94.06 before reaching 100.87. Moreover, I just took an aggressive short entry. In this post I explain the reasoning for the short bias, how I entered the short entry, as well as how I plan to manage this short trade. That's it! I'll keep you guys updated! Ken