CADJPY SELL ANALYSISLooing at CADJPY on 30M timeframe
We looking for a possible SELL/SHORT position
We looking for a possible downward at this distribution phase
Cadjpyanalysis
CADJPY: Elliot Price ActionHello. According to the chart and the expectation of a downward trend in the time frame, we see a distributed trend up to the specified value, which is trying for the fifth wave, and wave c will be created from the trend of wave b, and then we will have a downward trend.
CADJPY Shorts 17th August 2022We are currently in this trade for the Long short but yet we see a clear BOS and classic OB retracement move to push the price further down knowing fully well we are in a bearish scenario we will be looking to hold this trade till market clears out the lower low
CADJPY shortPrice is below daily and weekly pivot. Break of bullish ascending channel structure and now creating lower lows and highs. 1hr + 4hr bearish engulfing candle rejection off the daily pivot. TP near demand zone. 4hr resistance level is respected. Rejection area at 0.382 fib signaling possible strong continuation move to the downside. ADX is trending and negative. Momentum is negative. Price is below all moving averages and fanning. Price is at the top of descending channel.
Week 7 assignment (EXHIBIT E) for CADJPY by PROSHERIFFBULLISH ABCD PATTERN
1. Strong up trend can be expected.
2. A rejection can be seen at point D.
3. Bullish Candles have started to appear after the conformation of the pattern.
4. A tight TP is set with a take profit level of 104.700.
5. A stop loss level of 103.521 is set.
6. RR ration of 1:3 is taken for this trade.
CADJPY [SHORT]CADJPY
In the market structure we clearly see price rejected many times from the very strong key level 104.60-70. On 8 Aug price break this level but bulls show weakness in the cadjpy and price again drop to 5 Aug low 103.34 key support area. Now price again come back to test again its level of resistance.
What Next in CADJPY?
Price is rejecting from its key zone of 104.60 and in short time frame 30 min Head & shoulder chart pattern formed and now price is its neckline also on 4h 200 Ema give very strong resistance and push price to downside now on the monday market open wait to break the market structure i mentioned with black line 104.40 than you go #short on #cadjpy.
ENTRY ON BOS. 104.40
TAKE PROFIT 104.12
TAKE PROFIT 104.40
STOP LOSS 104.75
CADJPY ANALYSIS UPDATECADJPY price reach at its supply zone now both chances for long or short but we think price breaks the zone and continue to go up
CADJPY, (UPDATE) BUY still valid (400+)Hi Traders,
CADJPY is still looking valid for a potential buy opportunity. As mentioned on my previous idea, I was waiting for a retest at the bottom boundary of this continuation correction after the reverse impulse happened. Looking for target range at 107.500 (400+)
Thanks
Trade Safe
CADJPY ! Beginning of Downtrend short trade idea 📉CADJPY 2 times test 107.600 level /Strong resistance/. Last time test price get hard dumped. My guess is beginning of CADJPY downtrend. The price retest 61.8 fibonacci level get rejection.
CADJPY hitted TAKE PROFITI posted an analysis on CADJPY yesterday and today it has gotten to my TP.
Kindly click on the follow button on my profile so you can be updated everyday on my setups from Tuesday-Thursday only.
Thanks
CAD_JPYCAD_JPY Break trendline,
And a move down towards the target 1 or 2
take care of your money management
SHORT
CadjpyCADJPY
Tested weekly resistance area and fell down
after making a head and shoulder pattern
another head and shoulder continuation is in the making
Short 103.9 - 104.33
SL 105.12
Target area 102.461
Target area 101.434
CADJPY analysisI am looking forward to go long on CADJPY as soon as I get an entry confirmation from my POI zone
CADJPY | BUY signalIn my opinion, CADJPY has stabilized itself in this range and now you can enter the BUY position using candles.
Be sure to check the previous analysis that I published earlier this week
I have given full explanations why I was thinking of buying
DeGRAM | CADJPY bearish opportunityCADJPY pulled back to the resistance zone.
It is currently testing a psychological level of 105.000.
Notice the price is decelerating while approaching the level.
We might see a sell off.
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CAD/JPY Long Setup To Get At Least 200 Pips To Broken T.LThis 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 possible buy zone!!Dear traders,
CADJPY is in a bullish trend for an extended period of time.
currently, the price has formed an inverted head & shoulder on the 4H and broken up with a bullish engulfer. If the price shows a strong rejection to the upside from the neckline of this inverted head & shoulder, there is a high probability that the price will continue to rise.
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cadjpy | second week of AugustI considered two scenarios
1. After breaking the white trend line and pullback, I enter the BUY position
2. The downtrend continues with a sign of downtrend
I think the first scenario will happen, because the previous low was not broken and HL was made, so it can be assumed that the fall is over.
CADJPY, Long at 103.00 (275PIP Target)Hello Traders,
Investors turned to safe haven currencies recently as JPY strengthened across the board. Looking at the HTF on CADJPY, we can see that price made a massive push down touching the previous low of 101.6 range creating a double bottom with a reversal impulse. Looking at the LTF, we could see price is currently developing a bullish continuation structure seting up the next impulse which we will see some short term consolidation early next week before seeing another push upwards.
Trade Safe,
Thanks
CADJPY short from resistance zoneIt seems it will make a corrective wave and then a down-trend continuation ...
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