CADJPY: Bearish Forecast
CADJPY broke below a decision range on 1H.
now the price is trading below 4H/1H horizontal structure.
based on that sellers may now push even lower.
next goal: 79.4
Cad-jpy
CADJPY - SWING - 09. JUNE. 2020Welcome to our weekly trade setup ( CADJPY )!
-
1 HOUR
Bearish open and break below main sr level.
4 HOUR
Expecting another push to the downside following short/midterm trend!
DAILY
Great short entries, prices in pullback and about to drop!
-
FOREX SWING
SELL CADJPY
ENTRY LEVEL @ 80.320
SL @ 81.690
TP @ 78.480
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: Short Wisely with Inside Bar Pattern
CADJPY reached a key structure resistance.
dew to high volatility and very sharp bullish rally we need an additional confirmation to short the market.
on 4H the price has formed a classic indecision pattern - inside bar.
6 candles are now trading within the range of the last strong bullish candle.
to short wisely we need a 4H candle close below the underlined range.
then we can short aggressively or on pullback.
if this condition is met, chances will be high that the market will drop at least to 80.875.
if not, I would not trade at all :)
EURNZD - 2 high probability areas for SHORTWait for price to retrace and reject the 2 zones marked up on the chart
CADJPY price is stalled out in our bearish zone! 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 Short Trade *DAILY FIB*CADJPY is rejecting the daily fib 0.618 level and showing strong "overbought" levels on the 4hr chart. The last bullish wave is looking very overextended and I am keen to see a pullback in to previous structure and bullish 4hr TL.
If the daily trend is correct then this 0.618 retracement should see price go back down to the previous lows (support) at 73.800.
Longer term (months) if that support breaks then new lower lows could be made. The -0.27 fib extension level would be a good target at 70.800.
CAD JPY SELL (CANADIAN DOLLAR - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current price for sell.
Simple & Profitable Strategy for a Sell Opportunity on CADJPYTrade Idea:
This pair is in an overall downtrend, so my bias is favouring sells than buys. I'm looking for a break of the yellow trend line (Conservative Entry) and/or a retest of the orange RSI trendline (Aggressive Entry) to enter a sell towards the projected TPs.
Technical Analysis:
* This pair has break the short-term support now resistance zone, and its now retesting the S/R zone.
* Price has a slight bounce from the 200EMA and EMA14/21 is acting as resistance.
* A bearish rejection candle confirming my bias and rejecting from the short term S/R zone.
* RSI 14 (hlc3) has broken the upward trend line and is retesting that trend line, the RSI 14 is also below 50, indicating that sellers are gradually taking over for this pair.
*Please note that any trades you decided to take are of your own risk. All trade ideas published here are for informational purposes only and are my personal trades.
CADJPY - LONGs approachingWaiting for price to retrace back to the trendline which falls in line with the support area
CADJPYWhere would you enter your position?
This is my technical analysis on this pair – applying a breakout strategy on the 4H timeframe.
Only if all the rules of the strategy are met, will I enter a trade on this pair.
Updates will be posted.
#breakout #swing trading #forex
WTI, USOIL Downside Target for Jun Wk. 1Great RR sones, with stop losses wide well above levels that would stop out most over-leveraged robinhood monkeys. Great RR with downside potential that is on the same macro economic modeling that hedge funds based on the cyclical valuations summer demand supply on countering including the impact of COVID-19. Downside weekly target of 28 per barrell. The U.S. dollar was weak last week, but I suspect strength will be gained this week by the dollar. DXY
CAD/JPY to fall.After the steep fall , the CAD/JPY has been ranging and after another test of the Support line the Uptrend followed. The Support/Resistance has been reliable for the long time so for the time being there is no reason to assume that it will break. Hence the price is going to decline.
CADJPY - LONGPrice has stared an uptrend and is currently retracing back to the ascending trendline .
We can take a short term sell back to the ascending trendline and 618 fib. But the main focus is on the buy.
CAD/JPY is leaving the Uptrend channel.After the fake break of the Support zone the CAD/JPY was rising in the Uptrend channel. After the recent steep Uptrend the price has tested the Resistance zone and showing the pullback in price which is expected to continue.
CADJPY iDEA :: There is a huge difference between Technical Analysis , System and an EDGE ;
You can't taste consistency by relying only on Technical Analysis ..
You can't either taste it by relying only on your System ..
You should have an Edge , which is a combination between Technical Analysis and a Trading System ;
Then, you use the Technical Analysis to study the markets well , and you use your System to ewecute your trades .
Personally , i execute my trades only when my system tell me to do so .
Breakout upPrice broke up from downtrend and did a retest.
Price is moving in the channel.
AD confirms long position.
For educational purposes only.
Possible up move for CAD/JPY. What do you guys think?Possible up move for CAD/JPY. What do you guys think?
CADJPY AnalysisCADJPY appears to be in a short term uptrend on the 4HR. Price is now at the channels resistance and also quickly approaching weekly resistance. From here we could see some selling pressure and come down to test channel support. Selling at current levels could provide a day trade with nice r/r.
possibility to go long on CADJPYpossibility to go long on CADJPY. I'm expecting it to follow its uptrend and bounce off its support and resistance.
let me know your thoughts!!!
CADJPY LONG TRADEBullish wave (a) occurred after breaking downtrendline
then corrective bearish wave (b) rejected from 61.8% Fibonacci level of preceding bullish wave at 76.59
Price is supported above HVN at level 76.40 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows weakness in bearish momentum
RSI broke downtrend
It's expected for coming strong bullish wave (c) to target upper edge of up- channel near level 78.80
CADJPY analysis | Potential tradeThe downward trend was broken last week.
We currently have higher bottoms and higher peaks.
This gives us reason to believe that the trend is reversed and we can see an increase.
Resistance levels
77.63
78.28
78.76
If you find this useful - give us a like!
If you have the same or different vision for the future movement - comment!
