CADJPY Next Possible Move ? Pair : CADJPY ( Canadian Dollar / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame with the breakout of the Lower Trend Line and Retracement
Divergence
Consolidation Phase
Break of Structure , Broke the Previous S / R and Retested
Bearish Channel
Cadjpyanalysis
CADJPY showing mixed signals but Bearish bias to 95.19Rising Flag has formed and the price has broken below the support of it.
This means, the supply side is taking control, where we can expect downside to come.
7>21 - Bullish
RSI<50 - Bearish
Price <200 bearish
Even though the signals are mixed, it seems that the Rising Flag gave the false sense of upside to come.
But a technical anlayst saw it was a pause in the current direction, before it continues down.
Target 95.19
CAD/JPY Giving Good Bearish P.A , Short Setup After Closure !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.
CADJPY: Trading Plan - 8/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect CADJPY to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Adding another buy order in $CADJPYTrade type AAA
Previous idea:
Reasons for taking this trade:
- 1HR has closed bullish
- 4hr candlestick has just opened.
- sell-side liquidity has been cleared.
- There are two liquidity pools above that need to be cleared as well.
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
Buying $CADJPY hereTrade Type AAA
Reasons for taking this trade
4HR Candlestick is closing bullish.
Zone 1 and 2 have been filled.
This price is at daily OB hence taking buys makes sense. There is a clear range to be covered.
There is a liquidity pool to be filled
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
DeGRAM | CADJPY level rejectionCADJPY was rejected at resistance level. Price gained bearish momentum.
We can see a big red candles. The market printed a bearish harmonic pattern.
Price already started going down and it's most likly to go down since the market created a double top with divergence on the 4H timeframe.
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CadJpy LongI am looking to long CadJpy once it breaks the 99.257 resistance and closes above it. It might first bounce and come back to retest the 96.234 support to create a Head & Shoulder pattern before it goes long but I will wait for confirmation.
My setup will be invalid if it fails to break the above resistance and breaks the 95.400 and closes below. That is when I will start to look for short opportunities
CADJPY buy idea CADJPY broke strongly to the upside with volume. In the coming days ill be watching to see if it pullbacks to the entry zone as marked out by the long trade on the chart with the 2 targets set. Stop loss will depend on the move down.
Should the sellers start selling aggressively with high volume, this idea will no longer be valid.
Bullish Setup on $CADJPYOur last idea did work but did not reach our tp: I overpredicted it
Reason for taking a long entry here:
Engulfing Bullish candle confirmation in H4
3 touch move on the downside
Liquidity pool at above 100
Psychological price level of 100 has not been hit yet.
Supply zone at 100.797 has not been filled yet (this will be our TP)
Yemi_Fx1 | Short for CADJPYSame bias for the pair but looking from the 1HTF perspective we can see a more clear Price action pattern rather to be caught up on wrong side of the market if focusing on lower timeframe.
I'll be considering
A Risk entry type at the top of the rising wedge structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the structure.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
DeGRAM | CADJPY fibonacci clusterCADJPY is decelerating while approaching a major resistance level .
Price has reached the fibonacci cluster zone as well as the psychological level of 100,000.
The market shows massive divergence at resistance level , which indicates that prices may explode downward.
Kill zone: dynamic resistance, fibo cluster, and equal-measured move.
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DeGRAM | CADJPY bullish opportunityCADJPY is moving in the ascending channel .
After the bullish move, the market formed a consolidation, broke, and closed above it.
We expect a pullback to support level and trend continuation.
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CADJPY and the big shortCADJPY had engulfed the fl, and now I believe there would be a good downward movement to collect the long orders.
lately it engulfed a demand zone and had a pullback to QML and I'm ready to see my TP.
as we saw a Engulfed FL, the TP is ORFL and there would be a good place to long!!!
CADJPYCADJPY - Trade idea
Pattern: A break to either direction.
Highs: 98.170
Lows: 97.440
If we go below the lows, expect 97 areas to be your target adding confluence with trendline support
If we go above the highs, expect a retest of the highs of 98 half areas.
Have a great day ahead,
Trade Journal
CAD/JPY Playing Good In An Interesting Sell Area ,Time To Sell ?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.
Giving $CADJPY Short another sell chanceAs a trader its about mindset and making sure your decisions are made quickly and one should be patient.
Hence I have made a decision to short this pair.
Using my previous analysis: we had to fill the two liquidity pool above:
therefore I am confident enough to take a short and close my previous trade:
We are learning to be confident and strict with our biases here and avoid the situations like the one I will post below:
indecision is dangerous in trading and one should avoid it all cost.
risk management is key!
STOPLOSS AT: 99.134
TAKE PROFIT AT: 95.092