my ideas on the short opportunity for CAD/JPYon the daily chart you can spot the descending channel and as we start to get to the top of the descending channel we get a tight ascending channel which is a strong bearish confirmation to go short.
Cad-jpy
CAD/JPY – Price eyeing 84.000 The CAD/JPY on the hourly time frame has been following an uptrend recently. The price jumped above the key level of 83.500 on 29 October to reach the highest level of period under study at 83.564. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the currency pair is mainly driven by the recent strength in the Canadian Dollar. As of writing, the price is hovering around 83.480 with positive MACD and price above 200 period simple moving average.
The hourly chart of the CAD/JPY confirms the positive sentiment in the price movement as the currency pair is making successively higher tops and higher bottoms.
By applying Oscillators Analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is above the 200-period Simple Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the currency pair. RSI (Relative Strength Index) showing values above 50 which supports the bullish sentiment.
In alternative scenario, key support level lies at 82.453. Bears must break this level in order to regain bearish sentiment in the market.
CADJPY ShortThe pair has been consolidating all week into a wedge pattern. The 83.20 region has come back into play as resistance. As we can see with both the RSI and MACD, they have both begun to diverge. This indicates to me that this should break downwards.
Best of luck!
CADJPY sell signal op [50pips]
ENTRY: 82.800+-
TP1: 82.500
TP2: 82.300
SL: 83.170
Chart time frame - 4h
Time for reaching TP - 3 - 48h
Follow, Like, Share or Comment
Thanks on supporting!
All best!
CADJPY ShortRSI Divergence on H4 and oil looks to have given out and will continue to fall. Price action on H1 also indicated bullish exhaustion. Safe to enter short positions here.
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.
CADJPY week analysis +D chart in comment [70pips]Technicaly good, fundamentaly good for CAD last reasults of Employment Change are give power to CAD, expect continuation of higher bulish market in next period
ENTRY: 82.100
TP1: 82.350
TP2: 82.600
TP3: 82.800
SL: 81.500
Chart time frame - WEEK
Time for reaching TP - 1 - 4 weeks
Follow, Like, Share or Comment
Thanks on supporting!
All best!
CADJPY STILL BULLISH CADJPY success to break all resistance strongly with high volatility , showing very strong up trend
broken key levels @81.75
82.10
82.45
Volume Profile show that CADJPY success to pass accumulation area , so buyers will push price more up
price running above 100 MA
CADJPY - Bearish Trend ContinuationPAIR IN FOCUS: CADJPY
ACTION: SHORT
Observing for a retrace of price to the nearest support/resistance level, reject it, and continue its downward trajectory. A retrace would provide better R:R for any trades.
The Entry Zone encompasses nearest support/resistance level that coincides with Fibonacci Retracement levels (i.e. 38.2, 50 and 61.8).
TP Level is a strong support level where price had been ranging and supported.
The Entry Zone, TP level and Stop Loss have been indicated on the chart.
Feel free to leave comments and discuss your analysis with me.
CADJPY DIVERGENCE SHORT POSITION, I BELIEVE THIS IS A GOOD TRADE. SMALL RISK, NICE PROFIT.
TRADE SET
RSI Divergence signals on Yen pairs PAIRS IN FOCUS: USDJPY, EURJPY & CADJPY
ACTION: SHORT
HORIZON: SHORT-TERM
Here are some BEARISH RSI divergence signals that just appeared on several Yen pairs: USDJPY, EURJPY and CADJPY.
As per my previous ideas on RSI (link will be attached), we can expect a short-term correction in prices. The arrow in PURPLE is by no means a definite target for your TP.
Determining your own TP and SL is important, and whether this kind of signal (RSI divergence) is something you would include in your trading strategy.
CADJPY #Forex #ForexTrader #ForexTrading #ForexChartCADJPY - Short - 4Hr
Broke a nice support area, and has come back to to re-test and has put in a double top.
