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CADJPY

CADJPY ____ INCOMING BEARISH MOVEHello Guys, As I had mentioned in my previous post on USDCAD (inserted below), CADJPY which is correlated to USDCAD is also at a very important supply region (weekly order block). My speculation is that CADJPY may continue some more inducements and manipulation on its way to the top before it begins selling. If you look left, you will notice the buy-side liquidity (equal highs) that the price may just spike above before selling or creating another equal high. You should put this pair under your radar as it has more potential to deliver on the short. Follow me for more updates like this. USDCAD ANALYSIS Cheers, Jabari
Short
by jabariofafrica
3
TARGET CAD/JPY Reached at 106.00 - What's next?Ascending Triangle formed on CAD/JPY, price broke out and it was a slow consolidation move. But then one week, we had strong buying and demand for the currency pair which shot it up to the Order Block. We had other indicators confirming its upside including: 7>21 Price<200 RSI>50 The target at 106.00 hit and the price continued to move up. I guess it's a market environment for trend and channel traders right now. And until there is a sideways consolidation, I'll wait for the next setup.
Long
by Timonrosso
1
CADJPY - 4hrs ( Sell Trade Target Range 240 PIP ) Pair Name : CAD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Reversal 107.200 Area Reasons - Major Turn level / W - Liquidity Zone - Fibo Golden - Visible Range Poc - Choch Area Bullish Reversal 104.000 Area Reasons - Major Turn level - Main Area / Demand - Month High - Trend Line - Visible Range lvn - Fibo Golden
Short
by GentleGoldenEngine