Canadian Dollar / Japanese Yen CADJPY

We need to wait red candle close below the neck line.

Price now approaching support, & is currently testing the ascending trendline where if a breakout occurs can send price to the downside.

Active Trade Fell out of consolidation, to underlying trendline.

Hey everybody, I've been monitoring CADJPY this morning, and I see a potential short opportunity. The oil downtrend doesnt appear to be over just yet, which is weakening the canadian dollar. I will be looking for 100 pips from 85 to 84, given a clean break of this trend line.

The pair is testing its support trendline from 19 Mar 2018, near 78.6% retracement of 26 Oct low to 8 Nov high. I have been bullish CAD on the tightening prospect by BoC and I think crude has found support at 55.15 and will consolidate below 59.50. On the calendar, we'll hear a couple of speeches and inflation data on Friday. Stop loss below 85.20 targeting 88.00.

Great RRR on a potential (loose) Three Drives Formation on CADJPY. Trend-line hit on a Daily Support zone , potential Double Bottom . Lovely S&R within the lower channel of this traditional pitchfork. Look for the 127% Extension for an Maximum TP before the big drop.

SHort

https://www.tradingview.com/x/WdsmrF5y/

CAD/JPY is currently on daily trend line, i have also added a supply and demand zone where a possiblity of a further drop can happen but i am looking for it to bounce for a buyOANDA:CADJPY

Check my chart

WAIT...

BELOW STRONG SUPPORT ZONE, WAIT FOR RETEST ON LAST SUPPORT AND CONFIRMATION ON BEARISH CANDLE TO SHORT.

REBOTE NIVEL 61 FIBBO, COINCIDE CON LINEA TENDENCIA.

According to many sources , my main one being Forex Factory.com , i believe gbp will be rising in value tomorrow at 5:00 AM . This inflation will affect the market greatly and should be traded with caution as it is a volatile movement.

Conformaciones: - Conflencias Fibonacci - Acanalado - Divergencia - Three Dives - Pitchfork * Cada Linea morada es un TP

That's something called "aha point!" You need big balls to enter right now, so I strongly advise you not to do it. But it's your money afterall, do what you want!

Wants to break trend line. Look for sells to that zone.

there is a strong rejection candle at the line of support and a strong weekly trend line therefore if we break below and see a complete closed candle we sell but the must obvious move is a buy opportunity