Looking for a possible rejection on the trendline upwards towards the resistance area. There are 2 scenarios Either it breaks support A and it will keep on dropping to the other support or you could see the 2nd scenario by the price breaking resistance A and carry on going higher until rejection. At the moment CADJPY is BULLISH and it it is seen on the H4 and D1...
CADJPY will turning into Bearish Trend after printing HH and HL there is divergence appearing on RSI which conform that trend will reverse according to my analysis my trade plan shown in chart
CADJPY Entry : 107.077 Sl : 106.176 Tp1 : 109.057 Tp2 It's up to you R/R ~ 2.53 #January_b2
CADJPY Entry : 108.396 Sl : 110.041 Tp1 : 104.236 Tp2 It's up to you R/R ~ 2.53 #January_S1
Hey all! We have a new activity on the challenge! Unfortunately, on this occasion, it is about a stop loss. I consider this to be a normal stop loss from the strategy, as in hindsight, when executing the trade we had strong technicals signaling a potential bearish continuation. However, as the trade developed, even though there was an initial bearish...
Price is currently at a strong level of supply on the daily with an overall bearish structure, with continuous bearishness on the hourly time-frames we might as well consider going short.
Price got close to our POI which is at the Bearish Order block, but didnt get to the expected POI, will will for a pull back and join the market, also having a limit at my POI #forex #forextrading #forexsignals #crypto #forexlifestyle #money #lifestyle #trade #stock #cash #iphone #daytrading #currencytrading #tradingonline #swingtrading #profit #forextips
Looking for short from 108.686 - 108.63 sl : 36 pip tp1 : 73 pip tp2 ; 105 pip Lets see how it will play out.
We have seen a breakout on our trendline and which is a first signal that the market might be bearish. In order to strengthen our belief, a breakout on our demand zone at 108.553 that turns into a supply zone further confirms that the market is bearish. Also, there is a retest to our newly formed bearish order block, confirming the bearishness of the...
Price has formed a Adam and Eve pattern on the Weekly chart, and has gone as far as the neckline. This is a rather reliable pattern to break downwards, but being on the weekly, it took a longer time to form. Now price has being on a series of ABC waves on LTF, so we keep correcting upwards. Currently it is at the top of support turned resistance zone. Selling...
#CADJPY Touching a Resistance level at 108.71 Watch out for a break below 108.00 SELLER BECOMES STRONGER.
CADJPY is currently rebounding from a significant weekly resistance level. Upon closer examination of the daily timeframe, a Break of Structure to the downside is evident. Additionally, a well-defined Harmonic Gartley pattern is taking shape, with the completion of the D leg aligning with the 4-hour Order Block. Anticipate a potential downward movement from the...
As i have posted few jpy pairs analysis few days back for short similarly got the setup in CADJPY for short , seems jpy is about to give a solid upward momentum, which will drag all JPY cross pairs towards downside movements. so i am following to short the cadjpy pair at or above 108.30 level with the target of 104.20 level with a solid stoploss at 111.15 the...
The pair has climbed similarly as other JPY pairs. It also is nearing the end of the run (hopefully) and stochastic is high and may turn. Strategy SELL @ 108.40-108.70 and place SL above 109.10 and profit order @ 107.37 for now.
This pair broke structure for the downside, we are currently on a correction, expecting further push up to the bearish order block and then a sell from the possible POI, will wait for the smaller TF to start the sell before joining. #forex #forextrading #forexsignals #crypto #forexlifestyle #money #lifestyle #trade #stock #cash #iphone #daytrading...