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Cadjpysetup

CADJPY testing major resistance, prepare for a potential reversa CADJPY is testing major resistance at 86.26 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, pullback to descending resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 85.86 (Fibonacci retracement, horizontal overlap support). RSI (55) sees descending resistance line provide corresponding intermediate resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
cadjpy 12HThis short on the 12H is unique because of the way the second blue line (ray) cuts into the strong down bar, for me it creates a compelling reason to sell, as well as the the double top, although there is no immediate structural support to the left, the pattern alone gives it a chance. I could see in some respect price respecting the 50% fib on a larger time frame view and also bouncing off of a structure point from Aug 11, 2017, but that date is a bit far back. Again, the stop is tight, set at -25 pips.
Short
by marketdiverfx
Short CADJPY Longterm Based on Daily, Weekly + Monthly TF ChartsCADJPY is in a major support/resistance zone. Although there is room for further up movement, the risk:reward is not preferable for me. As we approach the resistance I will look for confirmation to short this pair with a long-term potential for 500 pips. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
CADJPY Short 4H chartHi traders, We are going to wait for a break of the trendline after a triple top has been created with a final exhaustion move. After the price, I suggest going short with half position as I'd like to wait for a break of the strong zone that has been drawn with a light blue rectangle. Once this is broken with a momentum candle, I will go short. There was a long uptrend before so I suspect a strong push to the downside after the price has consolidated for a longer time. As always, please be patient and wait for confirmation!
Short
by FromForkToFingers
CADJPY Sell The TopCADJPY has been hovering around the same resistance area for a week now trading very side ways. Failing to break this resistance for such a long time basically proves that big money feels that CADJPY is already price high and they see the current area at the max. Why it hasn't go down yet? Well maybe the big money doubts the YEN a bit... but it also doubts the CAD against the JPY since the price is stuck for over a week. Most likely CADJPY will fall hard as the slightest bit of JPY news. first targets are 87 and 84 after that. So lots of potential in shorting CADJPY!! TP: 87 > 84 SL: 89,70
Short
by JoshFX1
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