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CADJPY is Setting up For Further DeclineCADJPY's 4 hourly chart revealed the downtrend since the February 20, 2020 high formed a complete five-wave impulse. Labeled (i)-(ii)-(iii)-(iv)-(v), this pattern meant a three-wave correction should follow. And that's what has been unfolding since the bottomed on 9th March. The price made a three-wave rally in wave (a), followed by another three-wave decline in wave (b), these three-waves move inclined that a 3-3-5 flat pattern is in the making. Once the current rally in wave (c) is completed, we would most likely see another decline that will trade below wave (b) low. What's your view on CADJPY?
Short
by Veejahbee
2
Trading Pathways Analysis of CADJPY H4 Chart The outlined white arrow pathway is the predicted pathway that the CADJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where CADJPY will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK. Eiseprod of Trading Pathways
Long
by Trading-Swing-Pathways
CADJPY reversed from resistance, potential drop! CADJPY reversed off its resistance at 82.880 where it could potentially drop further to 81.885. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
CADJPY SHORT after Break of Supports AND Break of TrendlineHello to all wacthing my charts. Lets habe a look to CADJPY and of course its a Short Play. But how has that been established ? Where had it been the best level for a trade ? Look at my chart. 30.10. 14:00 GMT has been the date for start the trading short at that time the pair has broken 1) the RED Trendline and 2) 2 Support (Red parallel Lines) After that the fall has been increased very very quick. Now we are sittin on a support level but nobody nows whether that will hold or not. Next Support Level is 81.75 We have to watch whether that will hold and maxybe a start of a jump up But all of my channel systems are so short its not a time at the moment for thinking about Long Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade ----------
Short
by Renkotrade