Cad-jpy
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (76.0). 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= @ 76.95
TP2= @ 77.95
TP3= @ 79.10
SL= Break below S2
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (76.0). 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= @ 76.95
TP2= @ 77.95
TP3= @ 79.10
SL= Break below S2
Bump and run reversalThis thing corresponds to textbook bump and run reversal chart pattern. We are in heavy bearish zone, below yearly floor. Kumo cloud is thick, daily kijun has bearish slope.
We had 30 percent lead in phase A line, 46 degrees B line. Now it should be a minor pullback. Major pullback will be after breaking A line. After the big pullback we should have nearly vertical run phase. DM projections confirm the pattern. Stop above bearish engulfing.
The previous failed breakdown candle with long shadow is of some concern of course. But bears are strong by holding to the front line (time factor). Because of that I would enter with a breakdown candle on 1-2 hrs (it should not have any long rejection shadow). Pre breakdown candle should be green.
For educational purposes only.
SELL 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 price is currently in descending channel. One can go for a sell trade.
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
CAD JPY - 2 POSSIBLE SCENARIOSHi there. There are 2 possible scenarios on CADJPY.
The first one is wait for the price to reach the SMMA. If price moves correctively, wait and watch strong price action for buy.
The second scenario is possible if price starts to move impulsively to the downside. If that happens wait for the price to form a continuation pattern and watch strong price action for sell.
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 ***
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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Thank you for reading this idea! I 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 Financial Advice.
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.