Cad-jpy
CADJPY go up,my prediction,good luck tradersHello Traders, here is the full analysis for this pair.
Watch strong price action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in CADJPY ..
I still did my best and this is the most likely count for me at the moment ..
Support the idea with like and follow my profile TO SEE MORE!
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
CADJPY: The price back to its MAIN TRENDLINE?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
CAD/JPY
⚪ Technical Analysis :
Since January 2021, the price has been bouncing many times between two S/R level, one at about 82.100 and another one at about 81.000.
On the 28th of January, the price reached also the main trendline, getting an interesting quick rejection, pushing the price up until the resistance zone.
During the last daily session, the price attempted to break through it, failing and showing a sign of weakness and uncertainty.
🔴 Conclusion :
I'm confident to see a possibility to re-test the main trendline, few pinbars on the h4 chart could be a sign of inversion.
I'll be waiting for the next few candles to confirm my analysis and then I'll plan my short position on this trade.
I highly suggest to do not open any position right now!
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
CADJPY on a double top? 🦐CADJPY after testing twice the weekly resistance area reached the support area.
According to Plancton's strategy, if the conditions will be satisfied we can set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CAD/JPY - LongPossible long opportunity on CAD/JPY.
Price has reached support in the ascending channel. There was a small 'fake' breakout, but price held at the 200 EMA and we saw bullish momentum upward.
Following a break in the recent trend line, and signals from the MACD and RVI, I would be interested in entering a long position. Price could return to resistance where I would take profits.
CADJPY: SELLSeeing obvious Bearish activity on CADJPY.
Currently, we price is hovering around the monthly SELL level for this pair. Therefore, we can expect to enter a SELL at 81.585 to around 81.890 this week and TP around 80.768 .
We will continue to watch for more Bearish opportunities on this pair into next month (February).
CAD/JPY - LongPossible long oppotunity for CAD/JPY.
Price has reached support in which we have previously seen price reject here and gain bullish momentum.
The price may reject at the 81.40 level and head to resistance at 82.10 where I would take profits.
I will look for bullish rejection at the 81.40 level along with signals of price reversal from the MACD and RVI.
CADJPY on a double top? 🦐CADJPY tested twice the weekly resistance area.
The price, which is moving between 2 structures in a range, after the last rejection created a minor ascending channel.
According to Plancton's strategy, if the conditions will be satisfied we can set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.