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Cadjpyshort

20 Reason for Sell CADJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Sideways Since 1998 2 📆Monthly: Rejected at upper range level 3 📅Weekly: a clear choice formatted price goes down 4 🕛Daily: Made 2 higher low and lower low clear bear structure 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bear 6: 2 Pattern Candle Chart: Momentum candles /Support breakout M pattern is also completed 7: 3 Volume: High volume inside the trend 8: 4 Momentum UNCONVENTIONAL Rsi: Below 40 super bearish shift range from sideways to bear 9: 5 Volatility measure Bollinger bands: Walking on the band and now start for down 2 2nd wave 10: 6 Strength ADX: the bear is in power 11: 7 Sentiment ROC: clear JPY is weaker than CAD, but this time, JPY are in correction MOOD ✔️ Entry Time Frame: h4 12: Entry TF Structure: bear 13: entry move: move is Corrective 14: Support resistance base: FVG/OB 15: FIB: Wait ☑️ final comments: Sell 16: 💡decision: Short 17: 🚀Entry: 103.515 18: ✋Stop losel:104.548 19: 🎯Take profit:97.263 20: 😊Risk to reward Ratio: 1:6 🕛 Excepted Duration:30
Short
by Optimum369
CADJPY: BEARISH Market Analysis! Watching for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Since a while, this market has been moving and rising up inside a big corrective structure, but enable to break the high of September, it gave us a clue of losing of momentum, confirmed in lower time frame by the formation of an expanding structure broke to the downside. The impulsive phase looks started already, breaking the main HTF corrective structure and currently consolidating, eventually for the next impulsive phase. When, where and why would we step into the market? The general bias for JPY pairs, is still quite bearish according with our view, then we will be looking only for short positions. The market reached the bottom of the structure and if the further breakout and continuation will be confirmed, we will definitely enter CADJPY, targeting the next level at about 102.500. However, we don’t exclude the possibility of reverse, so with no confirmation, no entry.
Just another little tips, CAD news on the calendar, so be carefully If you are entering this market! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
24
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. Anyway, the RATE HIKE was not done as expected in the BOC RATE DECISION the other day. The rate hike was less than that. - Currently, the price of OIL is rising very fast. For this reason, CAD should be a BUY in the future. - Definitely CADJPY should be slightly UP until 108.500 LEVEL. Before that, there is a very high possibility that the 102.910 LEVEL will be sold. The reason for that is because even now OIL PRICES are going up a bit.
by benny_marshall
1