Cadjpyshort
CADJPY SHORT IDEAHello Traders,
Hope you are having an amazing week.
Above is my analysis on CADJPY , overall perspective is very BEARISH .
Expecting this level of supply to hold !
Always move stops to breakeven after +25 pip moves
Looking forward to see how this plays out.
Thank you for your support,
ETGL TEAM 💛
CADJPY | TOP DEFINED ?CADJPY has been in bullish trend from the start of Feb. The pair is making a top around 93.900 area where we think bears will be active again and push the price to lower.
The top is also the confluence point of bullish parallel channel.
If Bulls manages to close above then we suggest long enteries from here.
Trade your levels accordingly.
OIL, Cad Dollar, all time high's and now what?Hello Traders,
We've noticed a massive correction in USOil a few days ago as sanctions increase for Russia.
Could this just be a pull-back for oil? Time will tell however, we could see its' relative yen
pair correct as well this week.
89.800 levels OANDA:CADJPY
CAD/JPY Made Head&Shoulders Pattern, Ready For Scalping Sell ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CADJPY Short ZoneHere we have our CADJPY chart.
After the current market sentiment Traders are gearing for the BOC interest Rate meeting shortly. Amongst this market sentiment we are seeing a strong push towards the upside of the current longer term downtrend.
As we approach these areas we are looking for sell side impetus and a fall in the market.
Price action has been strong as we rise. Look for entries around candlewicks.
Use arrows/eclipse symbols for price entries/exits.
CADJPY | Converging TriangleCADJPY has been converging in a symmetrical triangle and currently moving under bearish trendline on shorter timeframe. We are expecting it will bounce from the support zone (highlighted) and ultimately break above the converging triangle. Alternatively, breaking below the support will result in more bearish pressure.
Trade your levels accordingly.
CAD/JPY Sell Opportunity as long as below 91.80 CAD/JPY is hovering nearly to its trendline resistance zone. CAD is a bit strong enough against most of the major currencies. But JPY is considered a safe-haven asset, and we should not forget it. And technically, many times, CAD/JPY dropped from the trendline resistance level.
So, I am expecting this also CAD/JPY can drop from the trendline resistance zone to 89.89 (Trendline support).
Last week CAD/JPY bounced from the trendline support zone of 89.25. SO, as long as CAD/JPY is unable to break below 89.25, it may not go in long-term sell as well. But if CAD/JPY breaks below the trendline support level of 89.25, we will see more downside pressure in CAD/JPY.
Breaking below 89.25, our first target to the downside is 87.87, and breaking below 87.87 will open the door for a solid support zone of 85.70 price zone.
CAD/JPY Sell: Wait for a break below the trendline Support During the Asian season, Putin ordered to attack Ukraine. Ukraine says that Kyiv is under attack from the cruise and ballistic missiles.
So, safe-haven JPY will dominate all currencies and especially commodities currencies. CAD/JPY are at risk of dropping more and more.
So, let's check out my CADJPY chart.
CAD/JPY Sell 89.30
One More Sell Limit @ 90.00
Stop-loss above 91.80
Target zone 87.90
Target Zone 2: 85.70