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Cadjpyshort

CADJPY H1: Bearish outlook seen, further downside below 105.50On the H1 time frame, prices are testing the resistance zone at 105.50 in line with the graphical resistance where a break below the downside confirmation level at 104.80 could provide the bearish acceleration for further downside moves to the support zone at 103.50. This support zone lines up with the 78.6% Fibonacci retracement. Stochastics is testing resistance and seeing bearish divergence as well as highlighted in red where we could see further downside in prices.
Short
by T3-Consultancy
💡Don't miss the great sell opportunity in CADJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (105.60). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 46. Take Profits: TP1= @ 105.00 TP2= @ 104.71 TP3= @ 104.21 TP4= @ 103.70 TP5= @ 103.26 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
12
💡Don't miss the great sell opportunity in CADJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (105.60). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 47. Take Profits: TP1= @ 105.00 TP2= @ 104.71 TP3= @ 104.21 TP4= @ 103.70 TP5= @ 103.26 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
4
CADJPY shortPrice is below daily and weekly pivot. Break of bullish ascending channel structure and now creating lower lows and highs. 1hr + 4hr bearish engulfing candle rejection off the daily pivot. TP near demand zone. 4hr resistance level is respected. Rejection area at 0.382 fib signaling possible strong continuation move to the downside. ADX is trending and negative. Momentum is negative. Price is below all moving averages and fanning. Price is at the top of descending channel.
Short
by HARDCORETRADXR_84
6
CADJPY Short PositionAccording to my TOP SECRET STRATEGY CADJPY will encounter following scenario in Bearish market: Main Position: Enter Price (market price) Sell: 103.9 TP1: 102.475 Risk Free on Entry TP2: 101.32 Risk Free on TP1 TP1: 100.2 Risk Free on TP2 Stop: 104.745 Making profit easier, pay attention to following points: 1) DO NOT Overtrade 2) Money Management is the key point of making profit continuously, so DO NOT Risk more than 1% on each position. 3) Patience is the key of making money.
Short
by fx-tradia
CADJPY [SHORT]CADJPY In the market structure we clearly see price rejected many times from the very strong key level 104.60-70. On 8 Aug price break this level but bulls show weakness in the cadjpy and price again drop to 5 Aug low 103.34 key support area. Now price again come back to test again its level of resistance. What Next in CADJPY? Price is rejecting from its key zone of 104.60 and in short time frame 30 min Head & shoulder chart pattern formed and now price is its neckline also on 4h 200 Ema give very strong resistance and push price to downside now on the monday market open wait to break the market structure i mentioned with black line 104.40 than you go #short on #cadjpy. ENTRY ON BOS. 104.40 TAKE PROFIT 104.12 TAKE PROFIT 104.40 STOP LOSS 104.75
Short
by naumanfx_