CADJPY
CADJPY - Potential short ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking only for shorts. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 107.000.
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CADJPY 45M, LONG OPPORTUNITY ✅ Hello Traders!
This is my perspective for CADJPY on 45M. I see a good opportunity to enter long for a short term. In the long term, I see a retracement from the OB at the price of 107.200.
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CADJPY setup, what's next? 👀• CADJPY has shown significant movements lately, especially noted after it fell sharply below the key level of 107.500. This drop was mainly due to market speculation about the BoJ possibly raising interest rates next year.
• On a more detailed look using a 4-hour chart, the currency pair managed to briefly rise above the resistance level, reaching 108.000 but failed to stay above.
• In an even shorter term perspective, like the 1-hour chart, CADJPY is moving within a narrow triangle range. This shows that traders are currently uncertain and the market is indecisive, with no clear direction whether to move up or down.
Potential Entry Points:
• Bearish Scenario: If the pair fails to break above the current resistance at 107.50 and shows signs of weakness, a potential entry point for a short position could be near this resistance level. The target for this trade would be a move back towards the 104.250 level.
• Bullish Scenario: Conversely, if CADJPY successfully breaks and holds above the 107.500 resistance, it could signal a continuation of the upward trend. In this case, a potential entry point for a long position would be after a confirmed break above the resistance, targeting monthly pivot level near 109.065.
CADJPY I Potential bearish trend continuation Welcome back! Let me know your thoughts in the comments!
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Monitoring Key Level Post Bullish Shark Pattern ConfirmationCADJPY exhibits a confirmed Bullish Shark Pattern on the 1-hourly chart, prompting my engagement in the pattern. However, my attention is focused on the critical 108.55 level.
I'm closely monitoring the market's behaviour around this level. A preferred scenario would involve a break and close above 108.55, signifying potential bullish momentum.
What's your analysis or stance on CADJPY?
Share your thoughts below!
CadJpy long position analysisAs we're in a bullish trend so I'm waiting for price to come to this level and then go long.
Here is two setup, one with wider SL and another with smaller SL.
For a better trade I'll wait for more confirmation with a CHoCH in lower TF like 5min.
Lets see what will happen...
Good luck.
CADJPY LONG TERM TRADING IDEAHello Traders
In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET
today CADJPY analysis 👆
🟢This Chart includes_ (CADJPY market update)
🟢What is The Next Opportunity on CADJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
CADJPY Wedge ConsolidationSimple wedge consolidation setup at support.
1. A potential support level was initiated.
2. Level was tested and confirmed as valid support. No entry due to bad RR.
3. As price retested support and seemed to have made a potential daily low (based on lower time frames), entry was executed.
For the moment, my target is wedge resistance.
Strifor || USDCAD-17/11/2023Preferred direction: SELL
Comment: This currency pair is actively pressing towards the support area. Most likely, this obstacle for sellers will be overcome within 1-2 trading weeks. Regarding shorter-term ideas, there will most likely be a slight increase, after which the instrument will enter into a local downward movement.
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CADJPY possible retracementAfter price broke structure to the downside with momentum, it formed liquidity at the bottom. It then retraced and formed liquidity at the top as well, just below an established supply that aligns with our golden zone. Price has just taken the top liquidity and mitigated our supply zone. It could now potentially begin to drop to take out the liquidity at the bottom as well