Cadjpy has been strongly bearish, daily major level of support has been reached at 109.075, i believe market has come to its end of its bearish run, closing for the weekend with a rejection candle in 4hr time frame. Im looking to see a rejection of support level before reversal.
Hello traders! ‼️ This is my perspective on CADJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to make a retracement to fill the imbalance and then to reject from bearish order block + institutional big figure 110.000. Like, comment and subscribe to be in touch with my content!
- Low volume to continue the current direction - Year + 6M + 3M + 1M high-level resistance - Return to the Uptrend line We define 3 goals: TP 1 = 80 pips TP 2 = 200 pips TP 3 = 400 pips
✅CAD_JPY fell again to retest the support of 108.884 But it is a strong key level So I think that there is a high chance We will see a bullish rebound and a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
CADJPY is moving in the descending channel and has made lower lows. The price is creating a potential AB=CD pattern. Price action formed a kill zone for the short opportunity: fibo level 38.2% and reaction zone. We expect a bearish move and the completion of the AB=CD. ------------------- Share your opinion in the comments and support the idea with a like....
I recommend considering a bullish position on CAD/JPY at the current market price of 110.009. This entry point is strategically chosen for potential gains. Aim for Take Profits at 110.581, 110.976, and 111.620, while setting a protective Stop Loss at 109.487 to manage potential losses. Make informed decisions and stay vigilant in monitoring market conditions for...
CAD/JPY Sell Limit Order Direction: Sell Limit Entry Price: 110.412j Take Profit Targets: TP1: 109.400 TP2: Open (Price at order placement) Stop Loss: 110.650 Disclaimer: I am not a financial advisor and this is not financial advice. Please consult with a financial professional before making any trading decisions.
Hey there! Let's dive into the price action of CJ. It spiked to a high of 111.367 in the weekly timeframe, currently holding above the 109.827 low in the daily timeframe. This low might drive the price up to 110.596 in the 3-hourly timeframe, hinting at a potential bearish reversal ahead as we approach the supply zone. *Given the bearish trend in higher...
CADJPY traded into a sell territory amidst a overbought RSI.I expect the shorts to take over from here.
My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 110.15 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 110.58 My Stop Loss - 109.90 About Used Indicators: By the very...
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.