Cadjpyforecast
CADJPY Short (Daily/Weekly Analysis)CADJPY rejected an important Daily/4H resistance level after faking-out above it (which corresponds to a Weekly/Monthly wick) the SL will be put to break-even when price reaches 90.240 level, as it has acted as a strong support/resistance in the past and price could bounce up from there. The Final target is 87.800.
CADJPY Long TRADEin my view about CADJPY buy long and take long profit but i gives you small profit here
CADJPY / RETEST COMPLETE / LONGIn my opinion CADJPY is getting ready to go long to resistance of 94.100
We can see the big buillish move that happened recently and now price is testing the daily highs that were broken - Im waiting to see a larger rejection before entering a position to go long
CADJPY BEAR RALLY CONTINUES After bagging CADJPY from 91.000 - 88.000, a simple pullback was seen for the bulls last week, with proper observation, price only went to retest broken structure, which means bear continues its rally, using fibonacci tool to mark out support and resistance, i will be taking my position from the awaiting breakout of the zone.
To everyone thats will love to take this Trade with me, i will advice you trade with proper risk mgt, meaning risk only what you can afford to lose.. if there is any question for me, kindly comment below, this is a swing trade and might take the entire week, bag safely.
CadJpy could rise 200 pipsThe long-term trend for CadJpy is clearly up, and at this moment, the correction started at the end of October looks done.
The pair found strong support in 89 zone, a zone that acted as support or resistance multiple times in the past.
As long as the pair stays above this zone I expect a new leg up and the first target can be 200 pips above, at 91.50 zone.
A break of this resistance would expose the recent high.
Buy dips can be a good choise
CADJPY Trade Ideas Trade Plan One
1) Short from current price i.e. 88.98
2) Stop Loss: 89.30
3) Take Profit 1: 88.75
4) Take Profit 2: 88.5
5) Take Profit 3: 88.2
Trade Plan Two
1) Long when candle closes above 89.4
2) Stop Loss: 89.2
3) Take Profit : 89.7
cadjpycadjpy is still running over + 460 pip 🥳✅🥳✅ and we are close to hit tb
I hope you all have a brilliant weekend
Stay safe ✌️
🥳✅
CADJPY- SHORT We have a clear bearish trend and it will continue till 89.00 in my view therefore price may react to our area as if it goes above the previous high then it will invalidated the setup. Please wait for a clear conformation before jumping into taking trade.
CADJPYCADJPY: Bearish Sentiment
As you guys can see the trendline and Resistance level,
I hope it wil drop from next rejection of resistance level
CadJpy- Be careful with short tradesUndoubtedly, the trend for CadJpy is bullish and, the drop from above 93 is just a correction in my opinion, with overlapping tops and bottoms(also looks like a flag).
The pair found some kind of support around 90.50 and now is consolidating.
Although I don't rule out a spike under 90, I will consider this a good opportunity to buy in anticipation of a reversal.
Also CadJpy above 91.50 can be considered a buy signal
CADJPY SHORTCADJPY is in the beginning of the bigger bearish impulse and therefore there are two areas where price may react or reject from the region, first one is 90.97 and the other is 91.20 lets wait and see, how price react at these areas.
CADJPY 🔥🔥🔥 OUTLOOKCADJPY 🔥🔥🔥-
If price should break 91.036 level, then we want to see a retest of our order block at 90.674 level before we jump into the wave.
Entry - 90.674
Tight SL - 90,520
Target - 91.984
RRR: 1:9🛩
If i do not see these confirmations, i will stay out.😢
PLEASE LIKE AND COMMENT TO ENCOURAGE MORE IDEAS
Currently forming a bullish flag patternExpecting a bullish rejection due to the bullish flag pattern forming. Still bias bullish due to the strong bullish momentum in its previous movement.
CADJPY Quick Low Risk High Reward ideaEntry : Current Price
Take Profit 1 : 92.020
Take Profit 2 : 92.197
Stop Loss : 91.727
Cadjpy, waiting for a break to confirm another bearish moveWaiting for a break for another bearish move to make lower low. Though need extra caution as it is creating bullish flag pattern. Overall still bullish bias on this pair in the long term.
CADJPY Trade Plan Short CADJPYOn hourly time frame one can follow this trade plan with proper risk management, calculating the risk reward ratio.
Entry : Current Price
Stop Loss 1 : 92.299
Stop Loss 2 : 92.448
Take profit : 91.487
CADJPY Analysis and Trade IdeaCADJPY has entered my POI. I am now waiting for it give indications of a reversal, so I may find a valid short.
If price stay strong, making the HH even higher, I wait. Patiently. It will pull back at some point, to make the HL. This is dictated by HTF market structure.
I wait, patiently, for confirmations. No confirmations, no trade.
NOTE: I didn't mention it in the video, but CAD gas CPI news on Wednesday. Banks may look to take profits and send the market to move unpredictably. Be very careful trading this pair with the news looming.
CADJPYMONTH candle form ascending triangle pattern good retracement and u gonna buy side first target i gave it if first target achieved then u wait for momentum candle then gonna second target be patience
CADJPY / Short OpportunityPrice has made a bullish run towards a monthly level of resistance, after this kind of run we can look for a short opportunity
I will be looking on the 4hr timeframe for entry and then taking it to the weekly resistance level which was broken
