key reversal bar indication for weakness ahead. 102.20-60 supply area for short position. target 100.05, stop loss above key reversal bar i.e 103.10
#CADJPY Hello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze #cadjpy a full technical analysis on different time frames using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market...
#cadjpy, cadjpy weekly chart forming lower low and lower high, 87.90 & 88.30 supply zone for short. stop loss might be 88.70-80. target for short is 86.10.
This pair is also ready to go (down), right alongside it's other carry trade siblings - CAD/CHF, NZD/CHF, NZDJPY, AUDJPY. All of these pairs a major Shorts, from here; This one (CADJPY) ought to be good for ~500 pips from here. Here is the Short Entry off of the 4 hr.;
Daily key reversal bar indication for short rally, trend is still bullish but key reversal bar pointing short term weakness.
professionals increased long positions 3k by last week, commercials increase short positions 8k by last week. professionals increase 5k shorts in jpy while commercials decreased 3k shorts. weekly key reversal bar made a new low closed off the high dictating for bullish momentum ahead.