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Cadjpylong

Short term growth for higher probability SELL setupHi Traders, CADJPY has been showing some short term bullish price action which the previous correction developed into a Pennant structure which price broke out now developing another continuation. Personally I will wait for a few more swing highs and swing lows to form to give the momentum for a short term rise to give us a higher probability sell in the near future. Please support me by clicking the like button if this idea helps you. I would love to hear your view on this pair. Post a comment below. Trade safe!
Short
by ktlfx
EWT: CADJPY Preparing for 93.84Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)). Wave Formations: Wave ((1)) - Leading diagonal - Formed on extreme low - Termination sub-wave 5 is smaller than 3 Wave ((2)) - Zigzag - 50% of wave ((1)) - Ended near the sub-wave 4 of an impulsive wave. Wave ((3)) - Impulse (Five wave move) - Extended 2.618% of wave 1 Wave ((4)) - Running triangle/running flat - 38.2% of wave ((3)) - Ended above wave (b) Wave ((5)) - Wave ((1)) was a leading diagonal, so wave ((5)) can't form as a diagonal. It will be an impulsive wave. - Wave 3 can end near 161.8% of the 4th wave at 93.492. - Wave 1= Wave 5 at 93.765 - Wave 5 can complete after touching the parallel channel at 93.849. We can expect the following targets: 91.46-92.29-93.849
Long
by forextidings
7
CADJPY 200 Pip shortPrice is overall still in a consolidation from December 2021. Beginning 2022 we hit the extremes of last months consolidation and we´re right now at a Key level to trade back into the Consolidations Liqudiity point of December. Small Risk Trade R to R is 1 : 6,2 // price could also go up one more time to close above the Key level, if this happens ill´Stop out and plan a new trade. My Overall Target is 89.200, due to Bullish Seasonality, I´ll use some of my Short Profits to Hedge for a Double Break. MY Long Hedge will start 89.200 scaling in as low as price goes without hitting my stop loss on the long position.
by Henriman