CADJPY broke out of box structure, headed for supportFX:CADJPY has just broken out of the strong box structure, retested it, and is now making its way to the support at 78.492. Also, currently the Yen is much stronger than the Canadian Dollar which makes it more obvious that this pair is going to drop
Entry @ 78.838
SL @ 79.150
TP @ 78.521
Cad-jpy
CADJPY - SWING - 13. JULY. 2020Welcome to our weekly trade setup ( CADJPY )!
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1 HOUR
Bullish price action and break above main sr level.
4 HOUR
Overall strong waving market structure, good long entries.
DAILY
Price at its low about to push up now..
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FOREX SWING
BUY CADJPY
ENTRY LEVEL @ 78.880
SL @ 78.450
TP @ 79.500
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 Bullish OpportunityUsing the Market Structure in the pair above we realize price closed at a degree where both sides of the battle will be in a bit of a tug of war situation. The idea of entrance ideally would be very aggressive in these circumstances but using proper risk/reward, an entry can be found in lower timeframes that allows the trader to come out with profit. Looking left of where price is at, we see price broke below a major area of support then progressed to breaking above it, telling us this swap zone has the volume and momentum to produce another impulse as result of this analysis.
CAD JPY LONG BUYOn the 4 Hour Chart this pair has shown signs of an uptrend as the Candian Doller Strengthens. There is a strong resistance at around the 78.00 mark which this pair has tried and retested multiple times. I can only see an increase in value from this point on.
Entry 78.55
SL 78.00
TP1 79.45
TP2 80.00
TP3 80.755
CADJPY touch and go 🦐The market after retracing till the 0.618 fib level of the previous move is now pushing up.
Price is in an accumulation phase below a strong historical resistance and if the market will manage to break and close above it we can look for a nice long arder according with our 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.
CADJPY Long - FlashcardCADJPY Long
Direction: - The pair was in Bullish OrderFlow.
- It was in a Bullish Cycle and created a pattern within the H4 OB.
Entry: - W (Double Bottom) Pattern Formation on the H1.
- RSI crossed volatility bands (Shark-fin), indicating rise in the pair.
- Divergence occurred, indicating probable rise.
- MBL (Market Base Line) curved upwards which confirmed uptrend in pair.
- RSI was at the 32, confirming the pair was oversold.
- Entry 1 was at RSI, Signal Line Cross.
- Entry 2 was at LSB Retest.
Exit: - 18 & 25 pip SL @ just below H4 OB (Order Block)
- 30 pip TP 1 @ 13 EMA Cross
- 28 pip TP 2 @ just below YH
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.15). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 79.65
TP2= @ 79.95
TP3= @ 80.65
TP4= @ 81.40
TP5= @ 81.90
SL= Break below S2
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Now, It's your turn !
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ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.15). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 79.65
TP2= @ 79.95
TP3= @ 80.65
TP4= @ 81.40
TP5= @ 81.90
SL= Break below S2
❤️ 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: Looking to buy the breakout!I am looking to buy the breakout of this structure to the upside.
We have a nice curve pattern acting like a resistance and price is currently developing in a bullish flag.
I will only consider buying the pair whenever the price is beyond the curve and above the flag.
My 1st target will be the former resistance which stopped the price multiple times over the week.
In case it breaks to the downside my trade will be cancelled.
***Trade with care and at your own risk***
Bullish view on CADJPY by ThinkingAntsOkMain items we can see on the chart
a) The price has broken a range (yellow lines)
b) After the breakout, we saw a huge bullish movement and now we can see a retest of the zone
c) On the Zone, we saw a corrective structure (purple lines)
d) The corrective Structure has been broken
e) Based on that we expect that if the price goes above the green line, that will be a confirmation for the bullish movement to come
Daily Chart:
CADJPY Price has bounced off the 618 fib level! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CADJPY is reversing after touching the trendline | 26 JuneCADJPY is reversing after touching the trendline and could drop further !
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!
CADJPY is reversing after touching the trendline | 26 JuneCADJPY is reversing after touching the trendline and could drop further !
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!