CADJPY is trading in Bearish trend after breaking its last HL with no divergence at Bottom secondly at 0.618 fib Resistance AND At horizontal resistance and making LH place Short with risk defined above Last Lower high
CADJPY created a rising wedge which is a reversal pattern. Moreover, there was a Bearish Divergence on RSI indicator at Resistance level indicating a solid confirmation of trend reversal and the break of HL is a further confluence of sell setup.
CAD/JPY is is trading close to a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 110.795 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 111.280 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level. Take profit is...
It seems that buyers intend to move upwards from this level. There are good demands at this level. It can increase the price upwards. Buyers are eyeing 112.00 and want to try to conquer this level.
CADJPY / 1D Hello traders, welcome back to another market breakdown. CADJPY has made a large leg down, which might result in a second leg down. The price is back to a Major key Level. I'm looking for a reversal pattern here. Trade safely, Trader Leo.
What I have in mind for the cadjpy currency pair is 4 hours. If you have an opinion, please leave a comment.
Reason: Market structure is bullish Break of structure Fair value gap
💵Pair Name CAD/JPY Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Mid Term Type : Mid Term Swing —————————— Bearish...
Is CADJPY exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence, suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 108. What you guys think of it?
This is my Setup for CADJPY, market has broken the structure to upside and coming back, let's hope market to mitigate our area od interest.
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 110.747 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 110.15 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at...
this is an update from yesterday CADJPY analysis, as yall can see price went in the predicted direction. I'm honestly expecting more sells but anything can happen. I'll keep yall updated. Please keep in mind these are not signals and I don't provide financial advice or sell anything, I just enjoy analysing my charts and being active in the market. Yall can use my...
Traders, our new followers are most welcomed. Second potential scenario in Cadjpy: Buy: we buy from 110-77.....110-90 stop loss : 110.57 Target: 111.77 Second target : 112 Third possible target :I will update Do not forget we need confirm to enter a trade. Have a great coming week.
My dear subscribers, This is my opinion on the CADJPY next move: The instrument tests an important psychological level 111.01 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 111.44 My Stop Loss - 110.73 About Used Indicators: On...
Traders, Price did not entered in our buy zone ,means still we may have a nice sell set up from this zone. Potential sell zone : 111.70 Stop loss 111.78 Target:110.98 Keep safe your money with sl. Good luck
The CAD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Sell Entry: Consider entering a short position around the current price of 111.46, positioned close...
CADJPY is approaching the support level and 88.60% fibo level, a bullish harmonic pattern. Price pulled back to the support zone in an oversold condition that might create a divergence. The market rebounded from the support level multiple times, showing the significance of the level. We expect a retest of the resistance level since the trend is...
CADJPY cycle from 2.1.2024 low is in progress as a nesting 5 waves. Up from 2.1.2024 low, wave ((i)) ended at 111.407 and pullback in wave ((ii)) ended at 110.6. Pair resumes higher in wave ((iii)) with internal subdivision as another 5 waves. Up from wave ((ii)), wave i ended at 111.614 and wave ii pullback ended at 110.657. Pair resumes higher in wave iii...