CadjpyCADJPY
Tested weekly resistance area and fell down
after making a head and shoulder pattern
another head and shoulder continuation is in the making
Short 103.9 - 104.33
SL 105.12
Target area 102.461
Target area 101.434
Cadjpyshort
CADJPY shortBearish below daily pivot. Break of structure. Break of mini up trend pullback. ADX trending negative. Rejection off 0.61% fib. Bearish engulfing rejection off the daily pivot.
CAD/JPY Sell: CAD / JPY
Sell limit: 105.510
SL @ 106.070
TP1 @ 104.300
TP2 @ 103.000
TP3 @102.200
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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It is not an investment recommendation
CADJPY shortThird touch of longer term trend line. Retest at 4hr resistance level. There is a supply zone here as well.. Consolidation all day until NY open. Price got rejected off the supply zone several times today. This area is a golden reversal fib zone. Bearish divergence with the momentum. Start of a bigger move down towards a fresh demand zone, which will get there by tomorrow after the interest rate announcement. I dont think it will be a positive announce and should weaken the dollar and the cad at the same time. I think banks will use that opportunity to push price down to demand zone. 1 hr tweezer top bearish candle pattern at bottom of ascending channel
CADJPY H1: Bullish outlook seen, further upside above 104.30On the H1 time frame, prices are holding above an ascending trend line and approaching the support zone at 104.30, in line with the 100% Fibonacci extension which presents an opportunity to play the bounce to the next resistance target at 105.20. Prices are holding above the 50 EMA as well, supporting the bullish bias. Failure to hold above the 104.30 support zone could see prices push lower to the next support zone at 103.90.
CADJPY shortPrice is breaking through the daily pivot support level, does not seem like it will hold. There is a bearish divergence with momentum going negative. ADX is trending, however 1hr DI positive is about to flip negative. Price is at top of ascending channel. Also at supply zone. I see a demand zone which is a potential take profit zone, this makes a very good risk reward trade. It is a high risk trade because this is a pullback trade.
CADJPY possible buy zone!!Dear traders,
CADJPY is in a bullish trend for an extended period of time.
currently, the price has formed an inverted head & shoulder on the 4H and broken up with a bullish engulfer. If the price shows a strong rejection to the upside from the neckline of this inverted head & shoulder, there is a high probability that the price will continue to rise.
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CADJPY is looking good for sellersIt seems like we have reached the end of our pullback on CADJPY, and the market is expected to continue with the bearish move. Waiting for our nice Change of Character then we are taking our sells.
CADJPY, Long at 103.00 (275PIP Target)Hello Traders,
Investors turned to safe haven currencies recently as JPY strengthened across the board. Looking at the HTF on CADJPY, we can see that price made a massive push down touching the previous low of 101.6 range creating a double bottom with a reversal impulse. Looking at the LTF, we could see price is currently developing a bullish continuation structure seting up the next impulse which we will see some short term consolidation early next week before seeing another push upwards.
Trade Safe,
Thanks
CADJPY shortBreak of bullish structure and no retest. Break of sideway channel. Break of daily support. Break of the buy zone and break of daily pivot CPR. Small break and retest at bottom of channel. 1hr ADX is negative.
Another CADJPY TradeAfter failing a previous level of resistance, I decided on a short. I've been succesful *on this pair recently with large rr's so would be nice for another TP due to it being nearly 1:6 rr.
CADJPY short from resistance zoneIt seems it will make a corrective wave and then a down-trend continuation ...
I hope you find this analysis helpful, if so please like and comment below
cad/jpy sell oppertunitycadjpy like other jpy pairs broke support and now back to retest the broken area
look for bearish confirmation on lower time frames and enter sell with your own money management
CAD/CHF SHORTBIG TREND CHANGE.
Because already did choch.
i did do analys on big time frame it is swing trade.
CADJPY | DownTrend 🔻🔴In my opinion, the trend in the 4-hour time frame is bearish
So I am only looking for a SHORT position
The best place for me now is for the price to reach the top of the descending channel, then with a sign of decline and confirmation, I will enter the SHORT position.
CadJpy short positionHello guys, look at this chart
I find good position for cadjpy, I guess it should go down by stoploss 107
for tp 104-98
CAD/JPY SELL SIGNAL...VIEW
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CADJPY shortADX cross to negative on 1hr. Break and retest of ascending channel. Break of bullish structure. 0.786% fib rejection with double top.
SHORT CADJPY ✅✅✅Hello traders!
✅ This is my trade on CADJPY .
Here we can see a reversal as price broke the market structure, so I expect bearish price action from here as price rejected from bearish orderblock + FIBO 0.618 level.
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Cadjpy shorts....An ascending triangle has been breached on the daily.
Am entering in on the retest for a quick 3.25R ....
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CADJPY, more downside expected Hi Traders,
CADJPY has taken a drop and if we look on the HTF, price moved up within an ascending channel which made a double top to add bearish confluence that a reversal is coming. On the LTF, price made a smaller correction at top of channel cresting a massive push downward to lower boundary. Wait dor a Breakout followed by correction (4 to 5 candles) to validate another high probability sell opportunity.
Trade Safe!
Thank you
