with no divergence on RSI the pair is looking promising to make new HH and HL
CADJPY trade breakdown ( breakeven ) you can learn from this for free without any charge
1. Daily uptrend creating higher highs and higher lows. 2. Recent impulse created a new higher high. 3. We expect a retracement before continuation. 4. 4h range breakout creating a new high. 5. Before continuation price must retrace to gather further orders. 6. A structured pullback would provide evidence towards continuation on breakout. 7. High probability...
In this trading idea, we're looking at a compelling short opportunity on CAD/JPY (Canadian Dollar/Japanese Yen) with defined entry, stop loss, and target levels. Entry: 112.643 Stop Loss: 112.860 Target: 111.800 Technical Rationale: The CAD/JPY pair has shown signs of weakness with a clear downward trend. Entry at 112.643 aligns with the current bearish...
Here is our detailed technical review for CADJPY. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 112.406. Taking into consideration the structure & trend analysis, I believe that the market will reach 112.972 level soon. P.S Overbought describes a period...
A new High is breaking prior supply zone potential supply turn into demand zone at the minor quarter point Weekly engulfing candle Be on the lookout for any counter trend retracement before buying this market
Hello,Traders! CAD-JPY is trading in an Uptrend and the pair Just made a bullish Breakout of the key horizontal Level of 112.346 and the breakout Is confirmed so we will be Expecting a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! CAD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 111.671...
Our analysis is based on multi-timeframe top-down analysis & fundamental analysis Based on our view the price will rise to the monthly level DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and...
CADJPY is just above the bullish barrier on its 1D technical outlook (RSI = 58.297, MACD = 0.230, ADX = 26.548) despite the fact that it is near the HH trendline of the Ascending Triangle and supported at the same time by the 1D MA50. Technically this calls for a decline and the minimum inside this pattern is the 1D MA200 (TP = 109.350). If it crosses over the HH...
CAD JPY - GET READY TO TAKE A SHORT ENTRY as we can see that liquidity got filled up at resistance zone now price will be back to the support zone make a short entry as shown in the picture follow for more live updates
CADJPY is currently in a sideways trend, therefore the application of support and resistance trading strategies is suitable.
Price currently trade at 111.905. A potential level to go long after price shows a strong rejection in H4 timeframe. A Buy opportunity is envisaged from the current market price
Look for the trail downwards Rectangle Top Reversal Downwards move back to support
Hello,Friends! CAD/JPY is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level...
Potencial to start monthly short at this pare Weekly RSI indicator start to show strong short
Price just completed a retrace close to previous day High (H4 high) a sell opportunity is envisaged from the current market price as we anticipate bearish price action to develop away from the current market price . Target- PWL
Hello Traders! CADJPY - At the moment I see a bullish structure on the h1 and h4 timeframe, favoring short positions. I'm looking for a potential short opportunity if the price will retrace from the FVG. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to...