Giving $CADJPY Short another sell chanceAs a trader its about mindset and making sure your decisions are made quickly and one should be patient.
Hence I have made a decision to short this pair.
Using my previous analysis: we had to fill the two liquidity pool above:
therefore I am confident enough to take a short and close my previous trade:
We are learning to be confident and strict with our biases here and avoid the situations like the one I will post below:
indecision is dangerous in trading and one should avoid it all cost.
risk management is key!
STOPLOSS AT: 99.134
TAKE PROFIT AT: 95.092
Cadjpyshort
CADJPY - Short active ✅Hello traders!
‼️ This is my perspective on CADJPY.
I expect here bearish price action as price raid buy stop liquidity and rejected from bearish order block + institutional big figure 0.98000. We have huge imbalance lower that has to be filled.
‼️Attention!!! Due to the fact that we have a news on USD tomorrow, the analysis can be invalidated.
Like, comment and subscribe to be in touch with my content!
CADJPY H4: Bearish outlook seen, further downside below 97.80On the H4 time frame, prices are facing bearish pressure from the resistance zone at 97.80, in line with the 78.6% Fibonacci retracement and 61.8% Fibonacci extension. A pullback to this zone presents an opportunity to play the drop to the support zone at 94.80, in line with the graphical low. Stochastic is approaching the resistance at 86.37 as well.
cadjpy sell from resistance price is moving near strong resistance where strong chance thats zone will respected and pair will fall down if this structure will valid we wiill see our target near strong support/. Here one thing should be notice price fails to break trend line which may act again and push the price gain to the resistance zone. now at current situation we should wait for proper bearish rejection on resistance zone.
wait for proper bearish and bullish price action
CADJPY TOUCHING Its Resisance price is moving near strong resistance where strong chance thats zone will respected and pair will fall down if this structure will valid we wiill see our target near strong support/. Here one thing should be notice price fails to break trend line which may act again and push the price gain to the resistance zone. now at current situation we should wait for proper bearish rejection on resistance zone
CADJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on CADJPY .
Here I am looking for a short position if price takes out buy stop liquidity above equal highs and then rejects from bearish orderblock + institutional big figure 98.000. Also, we can see divergence in formation on H1 timeframe.
Like, comment and subscribe to be in touch with my content!
capjpy shorthey everyone... looking at weekly tf.. the cadjpy looks very bearish and it will continue going bearish until it reaches its support area around 92-90...it could pull back from the support area which most likely be low high since the price is below 200ma.. indicator in day tf showing bearish divergences
good luck
CADJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective of CADJPY .
Here we are bearish from H1 & H4 timeframes perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bearish orderblock.
Like, comment and subscribe to be in touch with my content!
CADJPY - Retracement expected ✅Hello traders!
‼️ This is my analysis on CADJPY .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to make the retracement to fill imbalances higher and then to reject from bearish orderblock + institutional mid figure 98.500.
Like, comment and subscribe to be in touch with my content!
CADJPY SHORT from a nice area of resistance IF we get a breakoutHere is another potential trade idea on CADJPY IF we see a breakout from the triangle that is forming. This triangle is forming after a good run to the upside, at a strong resistance level. So, if we see a breakout to the downside, this would be a very attractive trading opportunity, as price may be heading towards a lower low.
CADJPY LONG BUYThe Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.