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Cadjpysetup

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
CADJPY - sell biased Hi all traders, Im still looking to sell this pair and i will take it as a range trading for now. So keep a good look out for this pair as this week we have some cad news and this pair is gonna be very interesting to get some nice pips out of it. Any buy will only happen if the top of the range is broke out of it. Cheers and have a nice day! Share this trade idea with all your friends and follow me on tradingview for more trading ideas and analysis. Disclaimer: all trade ideas shared are only of my own personal views, it's not a financial advice, thanks!
Short
by FxTradingWarrior
1
CAD/JPY Sell Signal - ForecastAs you can see CAD/JPY is nearing it's previous resistance level at around 81.400 . which has also acted as a resistance level multiple times before. If we see good sell movement (Red Candles) we can confirm that it will in sell till it's next support level which is at around 79.350 Note : That these key levels are not exact and price can move from near them ( For ex: 79.350 is support but price can move also from 79.360 etc) Thank you. if you have any other idea regarding cadjpy pls share in comments.
Short
by GoldPlusTrading
4
CADJPY, 4hr timeframe, bullish divergence with flag patternHello my friends, Today I saw some good setup on CADJPY. This pair currently in bullish trend after it broken through 80.00 psychological resistance and goes to 80.90 level, it finally exhaust and then come down for a breather. In my opinion, price made a bullish flag pattern during it downwards movement. Price then finally broken above the resistance and currently retesting it as a support. I think we could see some more upwards movement from this pair as there is also bullish divergence on stochastic. Buy CADJPY 80.20 Stop loss 79.80 Take profit 1 @80.60 Take profit 2 @81.00 Take profit 3 @81.40 Use proper risk management Only risk 1-2% of your equity Disclaimer: I've been buying CADJPY since 80.20 Good Luck
Long
by HayatoDragonFX
2