Cad-jpy
CADJPY testing the daily channel 🦐CADJPY on thr daily chart is moving inside an ascending channel.
Price after hitting the resistance at 81.450 shift back till the 80 area where price found support.
Currently the market respected the lower trendline but IF the price will break below the support structure and consequently break the channel we can check for a nice short order according with Plancton's strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Daily View on CADJPY by ThinkingAntsOkMain items we can see on the chart:
a) The price is inside a major descending channel; that's our major structure
b) Also, we have a massive support zone (that's our second major structure)
c) Based on the direction provided by those two, we can see that the main direction is Bullish towards the higher trendline of the descending channel
d) Currently, we can see a corrective structure on the 4hs chart after the break out of the previous correction (yellow lines)
4HS VIEW: We consider that a breakout of the structure will provide a solid confirmation for the coming bullish movement towards the mentioned target
CADJPY is approaching key resistance zone, potential drop CADJPY is approaching key resistance zone , potential drop !
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (80.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 80.29
TP2= @ 79.87
TP3= @ 79.60
TP4= @ 78.97
TP5= @ 78.30
SL: Break Above R2
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Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (80.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 80.29
TP2= @ 79.87
TP3= @ 79.60
TP4= @ 78.97
TP5= @ 78.30
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CADJPY - SWING - 07. SEPT. 2020Welcome to our weekly trade setup ( CADJPY )!
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1 HOUR
Bearish market open and pressure.
4 HOUR
Overall good short entries! Prices look like they`ll keep dropping.
DAILY
Expecting prices to push towards previous weeks lows..
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FOREX SWING
SELL CADJPY
ENTRY LEVEL @ 81.020
SL @ 81.410
TP @ 80.510
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
CADJPY a bullish triangle? 🦐CADJPY on the daily chart is consolidating below a strong resistance structure.
The market on the 4h chart is creating a bullish triangle pattern.
IF the market will break and close above the 81.500 level we will set a nice long order according with Plancton's strategy.
If the condition will not trigger we can monitor the pair for a possible short below 80.750.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
CADJPY still bullish 🦐CADJPY after the break of the range between the 2 daily structures has moved in a higher high higher low.
The market is now breaking the daily resistance and we can expect a move till the upper monthly discending trendline.
IF the market will close above the daily structure we can set a nice long order according with Planctons strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.