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Cadjpyforecast

CADJPY H1 SHORT PRICE ACTION FORECAST With price trading within a clear channel and recently getting a rejection from the supply zone, it signals the sellers' pressure towards the looney. Additionally, it is forming an H&S pattern, allowing the setup of a short-order if the price happens to break the pattern's neck level. The order: Type: sell-stop S/L: 25 pips - R:R | 1:2.5 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
3
CADJPY - BEARISH BIAS (1:1 RISK REWARD)CAD - BEARISH 1️⃣ WTI oil prices extended the decline in the morning trade in the US, falling more than 2% to below $42 per barrel amid increasing doubts over a recovery in fuel demand after the Fed painted a gloomy outlook for the US due to the coronavirus crisis. 2️⃣ OPEC said that a second prolonged wave of the coronavirus is a major risk for the recovery in the oil market. JPY - BULLISH 1️⃣ Investors moved into the safe-haven Yen as minutes from the Federal Open Market Committee revealed concerns about the US economic recovery. ===== TECHNICAL ===== - We shorting this pair on breaking of current support level in M30 chart + SMA100 area. - CADJPY in bearish zone. ===== RISK TO THIS TRADE ===== - This trade tends to hit stop loss if current market sentiment switch to risk appettite mode. ===== MONEY MANAGEMENT ==== - Please use only 1-2% risk per trade from your equity.
Short
by MonsunAsia
CADJPY, 4hr timeframe, bullish divergence with flag patternHello my friends, Today I saw some good setup on CADJPY. This pair currently in bullish trend after it broken through 80.00 psychological resistance and goes to 80.90 level, it finally exhaust and then come down for a breather. In my opinion, price made a bullish flag pattern during it downwards movement. Price then finally broken above the resistance and currently retesting it as a support. I think we could see some more upwards movement from this pair as there is also bullish divergence on stochastic. Buy CADJPY 80.20 Stop loss 79.80 Take profit 1 @80.60 Take profit 2 @81.00 Take profit 3 @81.40 Use proper risk management Only risk 1-2% of your equity Disclaimer: I've been buying CADJPY since 80.20 Good Luck
Long
by HayatoDragonFX
2
CADJPY H1 LONG PRICE ACTION FORECAST The price action has shown a rally in the intraday, clearly in the overbought are by the RSI, and together with a clear bearish divergence, it shows that the pair might reverse before further upward movement. The pullback should reach the golden Fib level for a healthy correction, allowing the setup of a long entry as a limit. The order: Type: buy-limit S/L: 28 pips - R:R | 1:2 - T/P: as shown -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
CADJPY H1 LONG PRICE ACTION FORECAST Price has been trading within a hornet pattern from the D1 domain, currently under a correction to continue its further uptrend bias allows the placement of a long entry, expecting the pullback towards the fib golden level 50 to fill the limit order with the following characteristics. The order: Type: buy-limit S/L: 26 pips - R:R | 1:3 - T/P: high from fib extension tool -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
2
CADJPY, daily timeframe, Bearish Flag trade setupHello my friend, There is a nice trade setup in CADJPY which could give us a worthy RR. I notice a bearish flag on the daily timeframe of CADJPY. Price already broken below the support as well. Right now price retrace up to 61.8 fibonacci level and this is actually a nice area to try selling it. I am going to play patiently on this pair and waiting for price to retest until 79.55 area as there are 78.6 fibonacci retracement and 200-EMA on that place as well. I am setting a pending sell order for this pair. Sell CADJPY 79.55 Stop loss 80.25 Take profit 1 @78.70 Take profit 2 @77.85 Take profit 3 @77.00
Short
by HayatoDragonFX
CADJPY H1 LONG PRICE ACTION FORECASTThe Canadian dollar is showing a clear bullish bias across the board. Now, CADJPY at H1 is under consolidation, where expected pullback towards the 200MA to confirms an uptrend movement towards the resistance level. A buy setup is placed with the following features. The order: Type: buy-limit S/L: 30 pips - R:R | 1:2 - T/P: resistance level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER