Entering on this supply zone/ Daily orderblock. Point of origin wherein price broke structure (bos). Im targeting atleast a 50% retracement from the recent swing lower high. Coincidently a 4Hour fair value gap is resting alongside it.
Bearish double top pattern. Price is in the retest range, I look forward to some bearish action What do you think of this idea?
As we can see CADJPY is currently at the Daily AOI and has formed a double bottom kind of pattern and has also broke out of the well respected trendline so we can look for buying opportunities. Target - 110.964
In the above chart you can see the trend is changing from uptrend to downtrend.. support and resistance play a big role for you to know when to trade and when not to trade... and shows you how the markets gonna move...
A short position can be taken on the specified levels
Price is currently in a robust support zone slightly above the 61.8% Fibonacci projection. I think a bounce from this level could propel the price to the resistance level which is a pullback resistance and also lines up with the 61.8% fib retracement I'm bullish and biased
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Here is our detailed technical review for CADJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 110.317. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 110.600 level. P.S Please, note...
✅CAD_JPY is going down to retest a horizontal support around 110.200 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 110.600 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Expecting a CADJPY pull back to 110.70. Tuesday was a bearish day... With no solid correction towards the end of day. The bears who sold yesterday, will be looking to close and secure their profits. Hence the the expected pull back. Happy trading ;))
Hello,Friends! We are going long on the CAD/JPY with the target of 110.927 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Price hit the FVG area and is coming back down to break structure and create more strength to the downside
After false breakout above 111.00 level, Canadian dollar will weak and send CADJPY under 107.00 Trade safe. Good luck.
after the liq on 30m time occours then we must see the price to the upside we just need to force with buyuing no selling look on my anlyis
CAD-JPY retested the Broken rising support line And is now making a pullback So I think that it will go Even further down !
The Canadian Dollar/Japanese Yen symbol will move higher when it hits the entry point OANDA:CADJPY