CADJPY
CADJPY 25th JANUARY 2023Crude oil prices in most of the world's physical markets have started the year with a rally, as China has shown signs of buying more, and traders fear sanctions against Russia could tighten supplies. Early indications show there has been an increase in activity, which means oil demand will increase. The EU and G7 coalition will cap the prices of Russian products from February 5th.
Commodity Channel Index (CCI) is a momentum indicator used to estimate oversold and overbought conditions of an instrument's market. This indicator uses overbought and oversold to determine entry positions to sell or buy. The level of market saturation can be a signal to detect a market reversal or continuation.
✅TS ❕ CADJPY: falling wedge✅✅ CAD JPY is trying to break through the descending wedge.
The price has successfully consolidated above the close support level.
Growth is possible after fixing above the resistance. ✅
🚀 BUY scenario: long to 98.91. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
capjpy shorthey everyone... looking at weekly tf.. the cadjpy looks very bearish and it will continue going bearish until it reaches its support area around 92-90...it could pull back from the support area which most likely be low high since the price is below 200ma.. indicator in day tf showing bearish divergences
good luck
✅CAD_JPY NEXT MOVE|SHORT🔥
✅CAD_JPY is trading in a downtrend
Along the falling resistance line
Which makes me bearish biased
And the pair is about to retest the resistance
Thus, a pullback and a move down are expected
With the target of retesting the level below
SHORT🔥
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CADJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective of CADJPY .
Here we are bearish from H1 & H4 timeframes perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bearish orderblock.
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CADJPY - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 CADJPY has been overall bullish trading above the blue trendline acting as a non-horizontal support.
Moreover, the zone 91.5 - 93.0 is a strong support zone .
📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and trendline in blue.
📉 As per my trading style:
As CADJPY approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CAD/JPY: Great Short Setup With 500 Pips Profit This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.