Based on the Volume Profile we find a supporting area and set a buy position on it. the TP Area is Also set based on reduced Volume on the Last Wave.
-Previous Day candle closed bearish. If we are looking for buys we will take on until resistance formed on 11th oct 23 Daily bearish open, TP2 will be daily bullish open on 16 Joct 23. - If we are looking for sells we take on until 24 jan 24 daily bullish open. - Wait for 1 hour candle to close above or below zone. -We risk 3% of our capital. Close trades once...
Hello,Traders! CAD-JPY is going up now But will soon hit a horizontal Resistance level of 110.600 From where I will be expecting A bearish move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
CADJPY has been in an ascending trend and has hit previously met Resistance at 110.000, after tasting that level it has been rejected for a second time and is now beneath the resistance again. With the general bullishness in the YEN which is a Safe Heaven as the USD corrects technically before continuing its move to the upside.
Clean and nice pattern. Rarely gets so much pullback that it looks like a H&S pattern. In any case, whichever pattern it is, the structure is there to e taken advantage of. Potential lucrative pips if the pattern plays out at the break of neckline. Good luck!
The pair moved lower quickly, and has formed a bit of a false bear flag pattern. The stochastic is negative and we should consider it may move little lower first. Strategy BUY @ 108.85-109.00 and place SL below 108.45 and take profit @ 110.17.
We are looking for sell cadjpy , because of the buy power volume is going to weak.
reacting to the 8hr choc OB, choc on the 1hr and higher time frame rising wedge with a trend line break. risker as its very bullish wich is why i have a bigger sl
We are failing to break our current resistance,we have to go test our trendline and it is NFP week. Goodluck #1Boy
Hello,Traders! CAD-JPY is going up now But a strong horizontal Resistance is ahead at 110.605 So after the retest we will See a local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
CAD/JPY is falling towards a pullback support and could potentially break under this level to drop lower. Sell entry is at 109.768 which is a potential breakout level. Stop loss is at 110.370 which is a level that sits above a pullback resistance. Take profit is between 108.953 and 109.15 which is a swing-low support that aligns close to the 61.8% Fibonacci...
CADJPY ANALYSIS, looking bullish on 4hr timeframe. Wait for indicated retracement areas for possible entries.
Pair : CADJPY ( Canadian Dollar / Japanese Yen ) Description : Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance Level. Double Top Pattern as Correction in Short Time Frame and Long Time Frame and Rejection from its Second Top. Strong Divergence in RSI
✅CAD_JPY will soon hit A horizontal supply level Of 110.583 from where I will be expecting a Local bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The market reached the daily resistance zone. FX:CADJPY is losing momentum; the price is forming small candles with wicks. If we have two zones, the market usually goes towards a level that is lower or higher. I think the market will make some pullbacks from the daily resistance. I expect the market to test the resistance by grabbing the liquidity above the...
#CADJPY UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #CADJPY. CAJPY is going to retest the major resistance level, where a lot of liquidity is resting. If it goes and then sweep the liquidity , then we will find a bearish trade reason. If we find any confirmation to sell in the...
Hey Traders, Many are focused on US News that comes this afternoon. Mostly, that's because a change in inflation can cause a large chance in the decision making for the Central bank in that economic zone. The USD has persistently gained value over time, causing a sustained downtrend. With every pull up, comes a following pull down. The last being relatively...
All signs are pointing to a major bull run here. CAD's been knocking on the door of this resistance for some time now and think it's finally time to smash through this ceiling and look for long ops. Couple this with the fundamental escalation of conflicts, oil takers being taken out etc, then expect supply and demand to have some significant impact here.