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Cadjpysetup

CADJPY, daily tf, sell trend line breakHello my friends, Another setup for you today is CADJPY pairs. It is making the same setup like CHFJPY pairs from previous post Check it out as well Price broken below the trend line and now retesting it at an area of confluences. This is the meeting point of horizonal resistance, EMA and trend line. It would take strong momentum from buyers to take out this resistance in my opinion. But looking at this current condition, i think it will be rejected and goes down especially looking the last candle looks like an indecision candle. Sell CADJPY 79.50 Stop loss 79.95 Take profit 77.70 RR ratio 1 : 4 (4R) Use only 1-2% risk Good luck Disclaimer :I sold CADJPY frm 79.50
Short
by HayatoDragonFX
CAD/JPY SELL 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE have sell conformation: - Trend was broken. - EMA's give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan
CADJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market is moving in a downward channel. Price faced rejection at resistance level of trend line creating double top and moved down. W > Price dropped to test weekly support and faced rejection. D > We saw an over extended M formation weeks ago and expected price to return back to test the neck before continuing further to the downside. Price is slowly moving to our target. As per COT CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week. JPY had closure of both Long and Short reducing net positions, this made JXY weak for the said week. Whereas JXY slightly recovered its position last week. 4H > Price was stuck in a range of 50 pips, it has broken the range and now moving to the upside to test the neck and complete M formation. Pair Correlation > CADJPY has positive correlation with AUDJPY, EURJPY and GBPJPY and negative correlation with USDCAD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
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. Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision .
Short
by forexorbit