After a drop to 78 support, CadJpy recovered some losses but couldn't break above the important 80 resistance. With OIL on a descending channel and strongly offered around 39, I expect CadJpy to follow and 78 could be the first target for bears I'm looking to sell rallies for this pair and a daily close above 80 would invalidate this scenario
The CAD being the worst G10 currency Canadian funds are bailing out of anything CAD denominated, an mass!
Analyzing the 1h chart, we have a break in the trendline and as it usually happens 80% of the time, the pair comes to retest it. If we see that the trendline acts as a resistance, which coincidentally coincides with the 61.8 fib level, we have enough confluences to support a short position. R/W - 1/5.7
3 Line bearish strike candlestick pattern occurred in D1 time frame. Very possibility to go down price.
The pair hit the trendline and it shows some buying strengh. Only go long IF the 1h candle closes above the others, Always wait for confirmation! It's a huge reward with low risk trade. 1 risk to 5/6 reward If it doesn't close above, we can discard the trade idea until it hit the second trend line (the one on the below)
👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE have sell conformation: - Trend was broken. - EMA's give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on...
Was waiting so long for cadjpy to retrace to the 0.5 or 0.618 fibo on the daily chart. Today the market has tested the 0.5 fibo and now we can look for a long. The market can also go and retrace to the 0.618 fibo. But Right now 4H is bearish so wait for 4H to change to bullish and buy cadjpy from here.
Monitor price action at the marked zone or area for bullish setups.
Just like it says in the chart: Wait for it!...; ~30 pip Stop should be sufficient for the turn.
Hello, as you can see CJ made double top, it showed a pattern which indicates a short direction is on the way, this trade is 90% high probability it will go to the downside. CJ: please remember this is just my opinion.
The Ingenuity Trading Model is a Hidden Markov Model with specific inputs related to Price, Time, Volume , and Volatility .
Hello guys, Trade it after the break of the small trend line This is all I noticed for this peer please support this idea with your likes and comments if you find it usefull, it is the best way to keep it relevant and support me.Donations via TradingView coins also help me a great deal at posting more free trading content and signals here.
Hi all traders, This is a video analysis on CADJPY. For those who are trading cadjpy, do take note of those levels as mentioned within the video. Trade safe and be patient on this pair. ***Follow me on tradingview**** ****Like and share this video analysis with your friends**** Cheers and thank you very much!
make sure to take partial profits at 80.75/85 area and lower the STOP into the money good luck !!!