CAD/JPY: Short entry triggeredHey guys,
Just wanted to share the trade I took this morning, it's on CAD/JPY.
I have spotted a strong divergence on volumes as price was going up.
My short entry was triggered and I am targeting now the bottom of the structure.
Even though we are above the cloud on higher timeframes I believe the pair is overbought and is currently pullingback.
We've got high impact news this afternoon so I don't think I will keep the trade if it doesn't reach my target by then.
*** Trade at your own risk ***
Cad-jpy
Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (76.48). 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 34.
Take Profits:
TP1= @ 75.70
TP2= @ 75.30
TP3= @ 73.85
SL: Break Above R2
Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (76.48). 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 34.
Take Profits:
TP1= @ 75.70
TP2= @ 75.30
TP3= @ 73.85
SL: Break Above R2
ANALYSIS ON CADJPYHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the pair is currently moving in a sideways channel. so one should wait for the breakout.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
CADJPY 4HR ANALYSISHello Traders
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CADJPY 4HR ANALYSIS
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CADJPY | Symmetrical Triangle as a Continuation Pattern Please support this idea with LIKE if you find it useful.
There is a Symmetrical Triangle pattern. As we have the price lost the Horizontal Support and also the Death Cross acting we can receive the one plays out as a continuation pattern.
We can initiate a short position if there is a confirmed breakout of the lower boundary of the Symmetrical Triangle.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
CADJPY technically based forecast
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 CADJPY technicaly based idea, we can see price is bounce from bottom trend line, technicaly indicators showing we can expect recovery phase, expecting to see push up in price till top trend line. JPY today slowly losing power.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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All best, good luck!
CADJPY technically forecast on next move
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 CADJPY technicaly based idea, what we can expect here if you go bearish on CADJPY the best will be to wait break of supp trend line for confirmation of bearish continuation. If you want to go bulish, the best will be to wait break of up trend line (green line) for better confirmation of bulish trend.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
CADJPY IN CONSOLIDATIONHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair is in consolidation mode ranging between its support and resistance level. One should wait for its breakout
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
Analysis on CADJPYHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair is falling down after hitting the resistance line one can take a sell call
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
CADJPY Finally Reached This Important Support Level!CADJPY Is in a very interesting spot here. It just reached its support level 1 after a pretty steep downturn.
I have been watching this pair for a while today and finally I feel this is a great moment to enter. I suggest a LONG position here.
The reasons can be found on the chart. First of all, the price has hit an exact place of horizontal support. Second, the price has shown to make an RSI Bullish Divergence. On the 15m it also shows the first signs of confirmation on this divergence.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!