Prices recently broke out of an immediate resistance zone and is looking to retest our break out zone. We will be waiting for the pullback and bearish momentum to subsidise before looking for a potential move upside towards the next resistance zone.
On CAD/JPY is nice to see strong buying reaction from the price 88.21, there is nice to see strong volume areas.... 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... Uptend + Strong buying activity + Strong...
Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension . If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci...
Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension. If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci...
SELL oportunity on the 4H Suply zone with a nice bearish 1H candle close below liquidity line
THIS PAIR HAS RISEN TO A MULTIYEAR RESISTANTANCE TRENDLINE. ANYTIME THERE IS A TOUCH ON THIS TRENDLINE THERE A STRONG REJSCTION. TRADE CAREFULLY
This is a simple one - a structure zone on CADJPY 3-DAY time frame. Some say the more times price hits a zone like this the greater the probability of a breakthrough. That's generally true. The trouble is that no one knows how many hits are necessary. I previously showed that CADNOK remained contained for 4.6 years. To be clear, I am not saying CADJPY will...
As you can see, this pair is finally at the monthly trend line. Something to keep an eye on.
CADJPY MNT: +400 pips already +300 to go BUY/HOLD!(SL/TP)(RECAP/REPLAY) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as LONG because I expect more gains. already running at +400 pips +300 left to go congrats if you followed original trade setup. click play to recap. 🔸 Summary and potential trade setup :::...
Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension. If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci...
CADJPY (DAILY CHART) 03-05-2021 Price reach the resistance level for Day 1 chart. If you see the Short reversal candle at lower time frame, you can short. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not...
CADJPY has broken two major resistances and is seemingly in pullback phase, according to daily timeframe we are still in a rectangular channel and the price has not yet touched the top of the channel, so a bullish continuation is to be predicted for CADJPY, only enter trade if you get confirmations like candle patterns and pullbacks. RISK REWARD RATIO : 1 to 3
Looking at a rejection from highs of the days of CAD, Nice Short, Canadian Economical Data doesnt look good coming week.
price might hit all take profit as long term and bounce on boillinger bands