The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADJPY pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️
it has created a double top , also reached maximum level of trendline so we expect cj to go short with a high momentum speed to fill the fvg on support zone
On my previous analysis i had the same setup but with a tight stoploss,here is the same setup with an immediate entry. Goodluck
We will put the Sell Stop at the break of previous HL and if there is any Head & Shoulders pattern formed, we will need to make our entry even more precise which will hit our TP quicker. For now, I don't have much time to look at this chart, therefore I have put the sell stop but if any reversal pattern is formed, we will change our Sell Stop position and TPs.
As per Bearish Divergence and 90% Short Sentiments, This pair is possibly going to make short
On CAD/JPY is nice to see strong buying reaction from the price 108.420 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Uptrend + Volume cluster are my mainly...
The CADJPY is currently in a stable upward trend. Achieving a new all-time high (ATH) is only a matter of time. We maintain a bullish outlook for this currency pair. Nevertheless, we recommend exercising patience and awaiting a pullback to the 109.91 range to optimize the risk-to-reward ratio (RRR). Initiating a long position within that range and holding it...
CADJPY is displaying a confluence of bearish patterns: 1. Weekly Bearish Shark Pattern: - Retest in progress. 2. Daily Type2 Bearish Gartley Pattern: - Completion aligns with the Bearish Shark on the weekly. The trader plans to wait for a confirming candle on the daily chart near the level of 110.37. Share your insights and trade plans for CADJPY!
Hello, in this chart, I tried to identify the best retracement range. However, it is advisable that for trading, we first observe the initial signs of retracement at the specified point.
The CADJPY ended the previous week on a high note, suggesting a prevalence of buyer dominance. To explore potential trading opportunities, analyze the 4-hour chart where a bull flag has formed and been broken, placing us in the buying zone. The next objective is reaching TP1, and progressing towards TP2. If the area around TP1 is breached by a strong impulsive...
Hello traders! ‼️ This is my perspective on CADJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement and there is a confluence for a potential long if price rejects from support zone + trendline + FIBO 0.5 level. Fundamental news: Next week on Tuesday will...
CADJPY is presently in a bullish trend, consistently forming higher highs (HHs) and higher lows (HLs) without any divergence. A precise entry has been initiated at the current market price, and the take profit (TP) has been calculated with a risk management strategy, targeting a 2% risk level.
after an increasing move in the last 1/8 of the wave, we find a resistance price and set a Sell Position. it's on the Daily time frame signal and touch the second TP as soon as possible.
• Multiple 4H Rejection • Strong resistance • Price failed to close above
The pair has been slightly overbought for some time now, and still it manages to remain at higher levels. we broke resistance 109.68 and it tries holding on. Stochastic has turned slightly positive, whilst RSI is overbought. Strategy SELL @ 110.00 - 110.30 and place SL above 110.55 for now and take profit @ 108.95.
Hello,Friends! CAD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. 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...
Horizontal resistance and reversal patterns. The pair have hit the monthly supply zone, forming a stretched, rising wedge. The price remains in the wedge following the breakout, and we may witness a negative moment. Wait for the appropriate time and place. All XXXJPY is moving in the same way, including its major pair. We will soon witness the corrective phase at...