As per my previous analysis, I have started scaling sells into this pair. If my initial position fails, I will look to sell slightly higher as illustrated. I will keep you all updated as things progress.
Pair : CADJPY ( Canadian Dollar / Japanese Yen ) Description : Rising Wedge as an Corrective Pattern in Long Time Frame with the breakout of the Lower Trend Line and Retracement Divergence Consolidation Phase Break of Structure , Broke the Previous S / R and Retested Bearish Channel
Hello Traders, Hope you all are doing good!! I expect CADJPY to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
Trade type AAA Previous idea: Reasons for taking this trade: - 1HR has closed bullish - 4hr candlestick has just opened. - sell-side liquidity has been cleared. - There are two liquidity pools above that need to be cleared as well. Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine...
Trade Type AAA Reasons for taking this trade 4HR Candlestick is closing bullish. Zone 1 and 2 have been filled. This price is at daily OB hence taking buys makes sense. There is a clear range to be covered. There is a liquidity pool to be filled Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use...
I am looking to long CadJpy once it breaks the 99.257 resistance and closes above it. It might first bounce and come back to retest the 96.234 support to create a Head & Shoulder pattern before it goes long but I will wait for confirmation. My setup will be invalid if it fails to break the above resistance and breaks the 95.400 and closes below. That is when I...
CAD has almost hit strong resistance against JPY. I've drawn a strong resistance zone and two supportive areas. Let's see if this plays out. 1 upper resistance zone 2 lower supportive zones Good luck!
Hello traders! ‼️ This is my perspective on CADJPY . Here I expect bearish price action after price filled the imbalance and rejected from bearish order block + institutional big figure 100.000. Like, comment and subscribe to be in touch with my content!
Our previous idea has been invalidated: We shall see a continuation of the bullish trend. why? This because: We are 50 level fib We are at NY Open
Our previous idea: It hit our first TP and reverted back to our area of interest. we have HTF confirmation hence I am expecting a reversal.
CADJPY, we need one final 300 pips sell off before price comes to our buying 'discount zone'. We expect JPY to show bullish momentum for a week or two, until sellers are exhausted and significant amount of buying liquidity emerges. TAKE CARE AND GOOD LUCK
in CADJPY, I am short because there is POI available in the market and i am expecting an up move before down move.
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Hello traders! ‼️ This is my perspective on CADJPY. I expect here bearish price action as price raid buy stop liquidity and rejected from bearish order block + institutional big figure 0.98000. We have huge imbalance lower that has to be filled. ‼️Attention!!! Due to the fact that we have a news on USD tomorrow, the analysis can be invalidated. Like, comment...
At exactly London open we had some momentum. Therefore we shall see some movement to the top.
So yesterday our SL was hit badly but still the bullish momentum is strong. Expecting a pullback here. I have two targets for this.
price is moving near strong resistance where strong chance thats zone will respected and pair will fall down if this structure will valid we wiill see our target near strong support/. Here one thing should be notice price fails to break trend line which may act again and push the price gain to the resistance zone. now at current situation we should wait for proper...
Hello traders! ‼️ This is my perspective on CADJPY . Here I am looking for a short position if price takes out buy stop liquidity above equal highs and then rejects from bearish orderblock + institutional big figure 98.000. Also, we can see divergence in formation on H1 timeframe. Like, comment and subscribe to be in touch with my content!