Hi all traders, Im still looking to sell this pair and i will take it as a range trading for now. So keep a good look out for this pair as this week we have some cad news and this pair is gonna be very interesting to get some nice pips out of it. Any buy will only happen if the top of the range is broke out of it. Cheers and have a nice day! Share this trade...
price is bearish can hit lower support zone. not shorting here will check for some harami candle if i see any good shorting setup
Last Friday CadJpy has finished the day putting in a big bearish engulfing on our daily chart and also this bearish engulfing translates in a Pin Bar on the weekly chart. Yesterday we have a Pin Bar on daily from exactly the same resistance and it looks like the pair is ready for a drop. In conclusion, rallies against resistance should be sold and 80 zone could be...
Hello my friends, I just found an interesting setup to trade right now. CADJPY formed a bearish divergence exactly below the 81.50-70 resistance. This is a strong resistance in my opinion and a bearish divergence exactly at this point might push price go down. Sell CADJPY 81.20 Stop loss 81.95 Take profit 1 @80.40 Take profit 2 @79.70 Disclaimer : I've sold...
Hi all traders. Im looking to trade the ranges for this pair till we have see a definite breakout for this pair. Not the best pair to trade, but if u are doing some scalp, might consider to take some pips from here. Cheers!
Looking for a buy when the price retracing to the zone box. the trend is very clean to the upside.
Hi all traders, Today trade idea for cadjpy Retracement have started since yesterday. This pair is still an uptrend pair. As such, im expecting the re-test to happen today to touch the purple area then immediate bounce up higher n stronger. Cheers!
150 pips short setup at pullback. Trade safe and good luck.
Morning everyone! This is one of the setup i have for cadjpy Im looking for today retracement towards the purple area then a bounce from there to go upside even further. If the retracement doesn't happen, then i shall wait for a breakout above the grey area before entering a trade upwards. Thank you! Cheers and stay safe!
I would expect an increase in price for CADJPY, Let's see what will happen. ...Take it into the consideration anything can be possible to happen, if it breaks down the support level this idea would be failed. You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
Hello my friends, I found something interesing in CADJPY pair just now. It looks like this pair forming a small bear flag inside a descending channel on 4hr timeframe. Previously i took a buy position on this pair but i closed it on entry as it is going sideways for some time and no power in going up. Price already broken below the channel with a solid candle in...
CAD - BEARISH 1️⃣ WTI oil prices extended the decline in the morning trade in the US, falling more than 2% to below $42 per barrel amid increasing doubts over a recovery in fuel demand after the Fed painted a gloomy outlook for the US due to the coronavirus crisis. 2️⃣ OPEC said that a second prolonged wave of the coronavirus is a major risk for the recovery in...
all options gathered, TRADE generated as the latest price action suggest topping process, the wide stop is to avoid from getting caught in a spike in case happens. you may consider closing only a portion at the target and let some to run lower than the target of this TRADE good luck
Hello my friends, Today I saw some good setup on CADJPY. This pair currently in bullish trend after it broken through 80.00 psychological resistance and goes to 80.90 level, it finally exhaust and then come down for a breather. In my opinion, price made a bullish flag pattern during it downwards movement. Price then finally broken above the resistance and...
looking for this retest to execute a short position down to support.
The counter has recovered from the lows with a strong V-shaped rally. It has now crossed a critical resistance level of 80.162. The structure resembles a bearish shark pattern and we expect the pair to rally to the completion zone for now.