CadJpy- 80 should be soldAfter breaking the neckline support of the H&S that I ve spoken about in my previous CadJpy analysis, the pair dropped pretty quickly and reached the measured target at around 79 zone.
Now the pair is correcting this drop and a retest on 80 new resistance is not out of the question.
I will look for selling opportunities in that zone for a trade with 1:2 R:R
Cadjpyforecast
CADJPY H4 Analysis Based On Price Action Theory Dear Traders Today We Have Analysis Of CADJPY H4. This Analysis Based On Price Action Theory.
According The Analysis We Can See That Market On The Support Level & Price Decline(Rejection) From Support . So Behalf On That. This is Right Time To Open Buy Trade Around @80.35 With Control Volume Hold your Trade be patience achieve the Given Target🎯
I Request to All Before The Trade You Also Match You Analysis With As If Your Set up Match Then You Can Trade.
#CADJPY Buy@80.35
#Tp@81.35
#Sl @79.65
Notes- Please Take Only 2% Risk On Every Given Analysis That Means You Can Safe In Market Every Time
All The Best 🙏🏻
CADJPY is approaching towards august lowCADJPY
At 81.500 level this pair got some major rejected fourth time and felled towards 80.000 psychological level.
The medium term trend line was broken on September 08 and the price was Retested and currently its trading below 23.6% Fibonacci and 81.00 level.
Bearish engulfing candle is formed at H4 timeframe. Next downside resistance would be 80.000 and 40% Fibonacci level.
We can short this pair at this level and the target would be around 78.550 which Is a low volume and profit taking area.
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision .
CadJpy- A break under 80 confirms H&SI'm bearish this pair since it was just under 81... As I expected, the pair dropped in the first stage to 80 zone and now is sitting just on the neck-line support of a H&S pattern.
A break here should accelerate losses and the measured target is 79 which I expect to be reached in the next few trading sessions.
CADJPY sell outlook for 15 Sept 2020Hi all traders,
This is a trade video analysis of CADJPY.
I have pre-warn some levels within the video for traders to take extra on it.
Take note of those levels and trade safe for it.
Happy pips as always and cheers!
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CADJPY SHORT PRICE ACTION FORECAST The price action has respected the descending trendline and form a bearish pin bar to confirm a downward pressure in the pair. The price structure allows the setup for a short entry with the following characteristics.
The order:
Type: sell-stop
S/L: 38 pips - R:R | 1:3 -
T/P: support zone towards the ascending trendline
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CadJpy- Sell rallies is my strategyAfter almost 2 weeks since I call for a drop, CadJpy finally went down and reached my target in just one day.
As I said, 80 zone is support and I expect a correction from this point.
Rallies should be sold for a break of 80 support and a new leg down that can reach the next important support at 79
CADJPY - Sell biased for nowHi all traders,
For cadjpy , im looking as a possible H&S formation.
Any buy should only happen if it breaks above the head.
If the grey area shows any reversal or strong rejection, we should be looking to sell this pair downwards.
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CadJpy- I'm still bearishLast week I said that CadJpy could have found a top at 81.50 zone and a drop to 80 is not out of the question.
The pair is consolidating under this resistance as if is waiting for a trigger.
I maintain my bearish outlook and I expect CadJpy to drop to at least 80 zone. Also, a correction in Oil price would t hurt...
CADJPY - sell biased Hi all traders,
Im still looking to sell this pair and i will take it as a range trading for now.
So keep a good look out for this pair as this week we have some cad news and this pair is gonna be very interesting to get some nice pips out of it.
Any buy will only happen if the top of the range is broke out of it.
Cheers and have a nice day!
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Disclaimer: all trade ideas shared are only of my own personal views, it's not a financial advice, thanks!
CAD/JPY Sell Signal - ForecastAs you can see CAD/JPY is nearing it's previous resistance level at around 81.400 . which has also acted as a resistance level multiple times before.
If we see good sell movement (Red Candles) we can confirm that it will in sell till it's next support level which is at around 79.350
Note : That these key levels are not exact and price can move from near them ( For ex: 79.350 is support but price can move also from 79.360 etc)
Thank you. if you have any other idea regarding cadjpy pls share in comments.
CadJpy- a drop in 80 zone is possibleLast Friday CadJpy has finished the day putting in a big bearish engulfing on our daily chart and also this bearish engulfing translates in a Pin Bar on the weekly chart.
Yesterday we have a Pin Bar on daily from exactly the same resistance and it looks like the pair is ready for a drop.
In conclusion, rallies against resistance should be sold and 80 zone could be our target.
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
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CADJPY - trading idea for todayMorning everyone!
This is one of the setup i have for cadjpy
Im looking for today retracement towards the purple area then a bounce from there to go upside even further.
If the retracement doesn't happen, then i shall wait for a breakout above the grey area before entering a trade upwards.
Thank you!
Cheers and stay safe!
Nicely cute signal for CADJPY buyersI would expect an increase in price for CADJPY, Let's see what will happen.
...Take it into the consideration anything can be possible to happen, if it breaks down the support level this idea would be failed.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
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.
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TECHNICAL
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- We shorting this pair on breaking of current support level in M30 chart + SMA100 area.
- CADJPY in bearish zone.
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RISK TO THIS TRADE
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- This trade tends to hit stop loss if current market sentiment switch to risk appettite mode.
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MONEY MANAGEMENT
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- Please use only 1-2% risk per trade from your equity.
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