In this video update, we take a look at CADJPY and it's potential move into 83.50. CAD is bid across the board and Sentiment indicators suggest retail traders are short JPY. Typically, the market moves in the opposite direction to the retail sentiment.
CADJPY - SELL STOP ENTRY: 80.807 SL: 81.650 TP1: 79.300 TP2: 77.800 CADJPY Broke out of a strong hourly channel and retested and is now on a bearish trend! This has just made a bullish correction on the 1Hr and has broken through the support zone, potential possibility this will continue to previous support
CADJPY has been sinking lower due to poor data and BoC Poloz playing down interest rate hikes. We looked previously at a short opportunity at the minor resistance and now price has taken out the key weekly support we expect this to act as resistance with likely targets of 80.65.
Is finding your 'true friend' a psychological issue? Absolutely! We normally think of 'friends' as people - and that can be something of a mistake (based on personal experience), as I explain. Your true friend in trading is right there hidden in the backdrop behind the candles - and that's why you see no candles in the screencast. So I'm saying, find the tools...
The video explains why I am selling this pair.
Nobody likes to hear about loss and losing - do they? Well, the 4H time frame on CADJPY gives you just that opportunity. Always - loss has to be balanced against a robust analysis of where the trend is, and where the overall probability is. You simply cannot make profits overall by not taking controlled losses, in this business. This screencast is not advice...
In this screencast I show how waiting for a key position in the market is good idea. As I always say, 'Stalk 90% trade 10%'. The CAD - often referred to as 'the Loonie' (not by me) has been in some trouble across many currency pairs. I'm not interested 'why'. All I care is where the trend is going and key areas of opportunity and probability. As strange as it...
Hey guys Alex here! Apologies for the terrible mic quality and even worse commentating (ahah), but I hope you still got my overall point. Theres currently a lot of uncertainty in the US; *cough* Trump *cough*, and in times of relative uncertainty we often see a safe haven currency like the JPY gain some strength, as I'm sure you could see for the past 2 weeks...
Here is my top down analysis of CJ starting from the Monthly timeframe all the way down to my 15 minute entry, this is solely for educational purposes and not a trade call for people, but take that idea of you would like. Critique and feedback is always appreciated! ** Resources ** -Instagram: @krystianstreit -Facebook: Alpas FX - Forex and Crypto Course...
The screencast shows an interesting ranging pattern in an imperfect channel up. Price is now at a potential structure level.
In the screencast I start off with the USDollar index and look at the Yen. The US Dollar strength affects 'everything': forex markets, stock markets, and commodities. There are inverse correlations. Most of the times the DAX doesn't like a strong Euro, Wall Street doesn't like a strong Dollar, and the NIFTY doesn't like a strong rupee. There are reasons for...
Always wait for confirmations, without these confirmations all these plans are invalid
We see on the Daily price reversing around the 100 EMA (Post Death Cross) upon hitting a Price Reversal Area
Hey guys, next week I will be looking closely at CADJPY. Bat pattern has completed on the daily chart and it is at the low of an ED channel. However, short term trend is still very bearish, and I advise waiting for some reversal patterns before going long. Check out my video on what I will watch out for before I go long.
Here is our forecasting video on the possible support and resistance levels of CADJPY on 30 Jan 2018. Good trading NinjaSingapore 30 Jan 2018 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are...
Hi Traders, Today i break down the CAD.JPY, not because there is a trade setup but because i feel there is valuable information to be learned about why multi-timeframe analysis is important. Please note that i am not looking to take a long position on this pair at the moment, it is simply outlining how i look for trade opportunities and the brief analysis behind...