CADJPY SHORTS 📉📉📉📉Expecting bearish price action on this pair as price made a shift in the market strucutre from bullish into bearish, retraced back into a bearish orderblock on h4 + imbalance fill and rejected from there with a nice h4 bearish closure. I think we go for another leg to the downside.
What do you think ? Comment below..
Cadjpysetup
CadJpy could rise 200 pipsThe long-term trend for CadJpy is clearly up, and at this moment, the correction started at the end of October looks done.
The pair found strong support in 89 zone, a zone that acted as support or resistance multiple times in the past.
As long as the pair stays above this zone I expect a new leg up and the first target can be 200 pips above, at 91.50 zone.
A break of this resistance would expose the recent high.
Buy dips can be a good choise
CADJPY LONG - Buy Entry - H4 ChartCADJPY LONG - Buy Entry - H4 Chart
Symbol: CADJPY
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Stop Loss: 90.275
Take Profit: 91.597
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
CAD/JPY 4HR CHART BUY SET UPHi everyone this is my trade set up for the CAD/JPY for the new week ahead
CAD/JPY i am expecting a pullback to the order block zones and will be looking for a BUY trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
CadJpy- Be careful with short tradesUndoubtedly, the trend for CadJpy is bullish and, the drop from above 93 is just a correction in my opinion, with overlapping tops and bottoms(also looks like a flag).
The pair found some kind of support around 90.50 and now is consolidating.
Although I don't rule out a spike under 90, I will consider this a good opportunity to buy in anticipation of a reversal.
Also CadJpy above 91.50 can be considered a buy signal
CADJPY 🔥🔥🔥 OUTLOOKCADJPY 🔥🔥🔥-
If price should break 91.036 level, then we want to see a retest of our order block at 90.674 level before we jump into the wave.
Entry - 90.674
Tight SL - 90,520
Target - 91.984
RRR: 1:9🛩
If i do not see these confirmations, i will stay out.😢
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CADJPY Analysis and Trade IdeaCADJPY has entered my POI. I am now waiting for it give indications of a reversal, so I may find a valid short.
If price stay strong, making the HH even higher, I wait. Patiently. It will pull back at some point, to make the HL. This is dictated by HTF market structure.
I wait, patiently, for confirmations. No confirmations, no trade.
NOTE: I didn't mention it in the video, but CAD gas CPI news on Wednesday. Banks may look to take profits and send the market to move unpredictably. Be very careful trading this pair with the news looming.