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Cadjpylong

CADJPY LONG with 4x price action reasons to buy. List of confluences: 1. Trendline breakout 2: Higher highs and Higher lows being created 3: Key level breakout 4: Several pin bars candles CADJPY is currently in a strong uptrend when we look at the bigger picture trend so we will be only looking for buying opportunities. When looking at the daily chart we can see that price has broken a recent counter trend line which signals the potential end of a pull back. This is followed by bullish market structure as price continues to create higher highs and higher lows. We can also see a key level breakout and retest. This is further supported by several pin bar candles formed in the direction of the bigger picture trend and around our areas of interest which include key level area, the trendline breakout and the most recent higher low.
Long
by NDOBObanks
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently being BUY very well due to the current MARKET SENTIMENT. So CAD automatically went up. And as expected, a JPY WEAKNESS came in the last few weeks. This was because the Bank of Japan did not continue to intervene to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. - Currently, the price of OIL is rising very fast. Due to this reason, CAD was BUY very fast before. You can check it by going to CAD CHARTS. But now with JPY WEAKNESS, CADJPY is becoming a bit BUY. - Definitely CADJPY should be slightly DOWN until 106.599 LEVEL. After that, the possibility of moving to 110.068 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit.
by benny_marshall
1
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - At this point, CADJPY is selling very well due to the current MARKET SENTIMENT. So CAD automatically went down. And unexpectedly, a JPY STRONG came in the last few days. This was because the Bank of Japan intervened to strengthen the JPY. In the meantime, CAD has become very weak in the last few days because the price of OIL has gone down. - But after that the price of OIL went down very fast. Due to this reason CAD was sold very fast before. You can check it by going to CAD CHARTS. But now with JPY WEAKNESS, CADJPY is getting a bit SELL. - Currently, the MARKET is slightly RISK OFF, JPY is going UP, therefore, CADJPY is being SELL. - Definitely CADJPY should be slightly DOWN until 104.60 LEVEL. After that, the possibility of moving to 110.06 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit.
by benny_marshall
CAD/JPY :: wait for the best time !CAD/JPY ::: 1_ Orange channel :: It is drawn in the time frame of one hour. It is currently at the ceiling of this channel, and its ceiling is a good resistance and will lead the price down to a large extent . 2_ Blue channel :: It is drawn in the time frame of 4 hours. And the price reacts a lot to the bottom of the blue channel, but has not been able to break it yet . 3_ The best decision :: wait until the price either breaks the ceiling of the orange channel or the bottom of the blue channel 4_ the targets will be as follows :: If the roof of the orange channel is broken: range 117 . If the bottom of the blue channel is broken: range 101 .
by The_Best_Trader_1991
1