Cadjpylong
CAD/JPY1Hour breakout.
Iv shared my position on this pair.
*yesterday we had crude oil inventories released in the US (www.investing.com).
This had resulted in an immediate drop in the CAD, which has since recovered as Oil prices are already at an all time low and has climbed $2 a barrel since the release of inventories yesterday.
RETAIL VS INSTITUATIONSGuess who wins...?
Take a look at the chart. What I see is this pair range bound. We broke the bottom trend line but we are yet to retest it, the green zone is marking where retail traders will look to go long and the purple zone below is where the institutions are likely to long. I see big spikes coming to the low 74 zone wiping out the retail buys.
CADJPY LONG! A Look at Daily Good news First:
1. Pair is trading at multiple Buy-Zones.
--For Long position to fully execute, Cad HAS to be stronger than JPY, preferably on all time-frames (something to eye)
Notably also is price battling a deep trend-line-- Otherwise, We Are Good To Go!
Note: Idea is to complement your research.
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CADJPY LONG! Levels for Bounce (Buy-Zones)Check comments section for future updates on idea.
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CADJPY LONG IDEAMORNING STAR CANDLE STICK FORMATION IS APPEARING WHICH SIGNALS A REVERSAL IN TREND. PRICE IS POSSIBLY GOING TO BE TRAPPED INSIDE THE TRIANGE, THE BULLISH MOMENTUM IS SUPPOSED TO REACH THE TACK PROFIT. GOODLUCK
CAD/JPY : Buy on Breakout ConfirmationBuy on the Bottom of the Structure, Looking upside move.
ThankYou
CADJPY TRENDSHIFT9th of March CADJPY opened with a gap. From my experience gaps mean trend shifts (85% accurate). So you can clearly see, cadjpy was in a downtrendafter the gap higher highs higher lows are starting to appear. Its a bulls market at this point with low power, we have to wait still to see price action and then we can enter. FX:CADJPY
CADJPY LONG! 4HR. Qs: Will Buy-Zone Bull Index To 77.909 (4Hr)Note: Idea is to complement your research.
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CADJPY LONG! Weak JPY Vs Strong CAD
Bias is Weak JPY Vs Strong CAD.
Major news Cad at 0830EST
Looking to enter Long at 77.094 or better.
Idea is to complement your research.
Check comments section for future updates on idea.
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CADJPY potential reversal!
CADJPY expected to rise up to 1st resistance at 77.056 where it could potentially react off and drop down to 1st support at 74.902.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CAD/JPY POSSIBLE BUY We might see a buy impulse at CAD/JPY from the current level.
Be cautious we are still in Corona Fear and Greed Mode and Trading Ideas might change rapidly.
FX:CADJPY
CADJPY: FALLING WEDGE PATTERN.Thanks for Taking Interested in my Trading Idea.
CADJPY: FALLING WEDGE PATTERN.
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Note: This is only for Educational purposes; this is not investment advice.
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CADJPY Long Formation of lower high, and we anticipate a bull from current position....lets ride the wave...well Sl is needed in case market intend to move otherwise..but simple and clear....anticipate a bull from here onwards.
CADJPY BUY SETUP The pair is about to complete the head and shoulder pattern... So we look to buy at the support-trendline till the 78.909 level.
With 78.909 as our TP, our SL should be at 74.960 / 74.600.
Look for reversal candles before jumping in and apply risk management :)
CADJPY Trade trigger and running in profitYesterday I published the CADJPY trade idea and now it's running in profit.
CADJPY - Ascending TriangleAscending Triangle is a pattern that signifies the continuation of the trend, when the trend is up. But if it occurs in a trend that is started by a downtrend, this pattern should signal a reversal. We will see!!
