Cadjpyforecast
CADJPY, Bears are Expected..!As salam alaikum
T.A Review:
Bullish Channel
Consolidating since last Month
Another Falling Wedge
Holding Rejection zone i.e 82
Strong chances of pullback.
F.A Review:
Dollar strengthens and Covid can't be ignored.
FED decisions, NFP,ISM and PMI are on the way
as well. Market will be highly manipulative this
month.
CADJPY high probabilty for 83.70 and 84.20professionals 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.
CADJPY ANALYSISCADJPY ANALYSIS
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CADJPY REACHING RESISTANCE IN WEEKLY REALMNothing gets better than when the price action reaches those confluence levels at the weekly charts. CADJPY is currently under the spotlight, where:
1.Price trading under a descending channel
2.Closing the week with a bearish pin bar
3,Rejection from resistance and supply zone
4.And a double top from the previous week
It may look that bears are lining up, I agree.
Under the hood at the intraday, a firm price compression is spotted, price fighting the supply zone and getting all supported by an ascending trendline. The supply zone visited at least five times over time could have weakened.
Either way, bearish or bullish breakout, potential runs are great in both directions. Let's be patient and wait for additional confirmations.
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CADJPY possibile shortHi Traders,
This is our view on this cross for the next few days.
#CADJPY
SELL 81.425
SL 81.73
TP 80.15
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Any updates will be given in the comment section below
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Trading Kitchen
CADJPY - Break out. Buy zone. Preload.
The price is being drawn to a strong level. The preload process demonstrates the struggle of buyers and sellers. The first side (buyer or seller) buys the movement of the second side and moves the price further. The second side is resistance. The goal of the first side is to tighten the price to a strong level and gain "energy" in the form of limit levels. The goal of the first side is to stop moving towards the level.
CADJPYPotential bullish until hit trendline (expanding triangle)
we could waiting for some rejection on trendline then we can short the cadjpy as well
we know that CAD often to making false break horizontal support or resistance
thankyou
CADJPY LONG OPPORTUNITY (READ BEFORE U BUY SNIPER ENTRY)We are expecting CADJPY to buy from the support zone let's be reactive and not predictive
CadJpy- to maintain its familiar range82.00 zone is very strong resistance for CadJpy and I expect this to offer a ceiling for the pair going forward.
The rise from 78 is also in a rising wedge pattern and a break under 81 would expose this bottom of the range.
I'm looking to sell this pair
CADJPY, take a closer look, longCADJPY go for long!
+Breakout trend line
+ Strong Support
+ Price action tells further above!
CADJPY, Shooting the moon and the stars, longCADJPY has an idea to go for long;
+ Bullish Divergence
+ Strong Support
+ Breakout Trend Line
CADJPY SHORT . Contact me best account managementCADJPY will short for 1 month untill it give you 1000pips i.n. Contact me best account management
CADJPY Potiential Buying Opportunities- Multiple time frame confluence (bullish trend on each time frame in current swing).
- Break of pivotal zone and push above.
- Currently pushing bearish trend line on the monthly/weekly time frame.
If price breaks, closes above and retests this key trend line, I will be looking for long opportunities.
CADJPY Up ChannelWe can see market is going up in a up side channel. so it may test its previous support and then will go to resistence.
CADJPY { SWEET AND MASSIVE OPPORTUNITY}CADJPY from the daily perspective the price has already tested the resistance plus it was moving in Ending diagonal pattern, we are looking for selling opportunities
cadjpyWhile CAD/JPY rates are still hovering below resistance that is constraining a breakout.it’s too soon to say that the CAD/JPY bullish breakout attempt has been denied. It remains true that clearing 81.58 and 81.91 would be strong indications that CAD/JPY rates were embarking on an earnest bullish breakout attempt… CAD/JPY rates are starting to regain bullish momentum.While the CAD/JPY chart suggests more patience is required, traders should be on alert for another attempt at parallel channel resistance in the 81.58 to 81.91 zone in the next week or two.
