Cadjpyanalysis
CADJPY : Current Situation & Technical , Fundamental View#CADJPY
Due to MARKET RISK OFF, CADJPY is going down a bit. We expect CADJPY to go UP again.
Either way, that price can retrace to the CADJPY MAIN TRENDLINE. After that you can go DOWNSIDE the MARKET. The reason for that may be due to the fall in OIL PRICES. You can definitely buy at the CADJPY 104.90 level. For that, MARKET RISK should be ON SHORT TERM.
But we can sell CADJPY up to 100.00 LEVEL according to the STRUCTURE. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK OFF in the coming days. We must pay attention to MARKET SENTIMENT.
CAD/JPY Short 4RRYesterday @ 10 AM I entered a trade with 2RR for prop account and actually forgot about it. This morning when I woke up it was the first thing I remembered and immediately ran to the PC to set stop to 4RR but was too late and trade took profit. My point is your system should work for you when you see a trade take it and stick to it !
CAD/JPY buy signal....VIEW
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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CADJPY SHORTING WEEKLY TIME FRAMECADJPY has reached and been rejected from 2014 big resistance level.
Weekly time frame:
rsi = overbought
macd = weaken.
It got rejected from resistance in 8 june 2022 and tried to retest it but failed in 21 june 2022.
However on the 1 hour time frame, it failed to break LL of 10200 in 16 jun 2022.
But higher time frame moment is down, expect market to go down.
Cadjpy has been pumping due to the war = printing + exporting stuff.