Short Opportunity on CADJPY According to Resistance Level we expect that price will touch the dwon side of channel ,
Divergence on CCI ,We have two entry Point ,with SL-40 PIPS and TP + 160 PIPS as showing
Cadjpyshort
CADJPY SHORT - SUPPLY, ELLIOTT WAVE, RSI, PITCHFORKBACKGROUND
We are at a supply order block which caused a break of structure . There is plenty of Asia-low liquidity waiting for us below. All the imbalances have been filled as well.
So, the immediate bias is to look for a drop in price .
SUPPORTING EVIDENCE
1. We can see a 5 wave Elliott wave forming. Very frequently, wave 1 is equal to wave 5 .
2. We can see a clear simple RSI bearish divergence .
CADJPY Head & Shoulders pattern. Intra-day Setup!CADJPY has been in an uptrend for a while and looks oversold to me. Price is now at a Resistance key level i will be looking for a short-term selling opportunity around 89.40 with a key level below as the potential target!
Price to return to yearly R4Future bearish cloud confirms bearish position on daily.
Price is also ikely to fill the remaining inefficiency.
For educational purposes only
CADJPY short it has been trending down for some weeks now and has always maintained the trendline as a retracement limit. shorting is a good call
Short CADJPY -JPY looks strong (20 Dec, 2021)With the exception of USDJPY (it looks a bit tricky) all JPY crosses are giving clear bearish signals.
I am looking to take a short on CADJPY. The support at 88.30 has been convincingly broken. This happened on 30th Nov as well but subsequent bullish recovery attempts were quite weak by comparison. I believe that after a retest of this previous support, we will see a bearish continuation of the trend that began in late Oct.
Price is once again below the 200 DMA and that by itself is a bearish sign. An entry near 88.30 would permit a small stop loss and first target would be above 85.10 - a nice 3R trade opportunity. The next target lies below at 82.00
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Always use sound money and risk management in all your trades.
cadjpy still waiting for a small shortin this chart we had taken the profit from all the up and down.
now its time to wait a little bit for a great confirmation for a short.
these trend line in chart are way stronger than they appear. u may ask why.
just enjoy Patience.
FOREXTRADINGACTION
CADJPY Targeting 85.13In this update we review recent price action in the CADJPY and identify the next high probability trading opportunity
CADJPY BEAR RALLY RUNNING SUCCESSFULLY.CADJPY is currently running in massive profit, this was my gift to many following my work, I hope you all stayed loyal to the signal and are bagging successfully.... with over 100 pips stuckinprofit, i will be closing partial profits and let the remaining positions run to final target, if you are currently bagging this pair, leave a comment below.. merry Christmas in advance.
Short CADJPYCADJPY broke the support and rushed down
sell
entry-88.409
stoploss-88.90
takeprofit-87.183
Cadjpy Sells 89.350Cadjpy: watching for sells here at my yellow marked region at my "line" at the 89.350 pricepoint. No** entry yet. Am still waiting for price to align with my entry criteria before i do decide to take or avoid this trade setup. Patience and when the correct price and time comes, that is when you strike the hardest. Don't just jump from one setup onto the next and be stuck in consolidation without volume and volatility in the market to act as a catalyst to drive your valid trade setup in the direction. Have the patience and be disciplined 👁🍭👣
CADJPY APPROACHING FIRST TARGET CADJPY currently running in profit and approaching first target for 90 pips, all positions has been secured in profit by moving stoploss to entry position, price running in profit with no single drawdown and we are all stuck in profit, i am forever grateful to anyone on this train with me...
CADJPY SLOW PROGRESS IS SUCCESSCADJPY is the ultimate signal for the week and its free........
price is currently playing nicely and running in profit, looking for a huge dump today hopefully as price is stuck in profit with over 10% already.. if you are currently stuck in profit, leave a comment below. everybody eats.
CADJPY BEAR RALLY CONTINUES After bagging CADJPY from 91.000 - 88.000, a simple pullback was seen for the bulls last week, with proper observation, price only went to retest broken structure, which means bear continues its rally, using fibonacci tool to mark out support and resistance, i will be taking my position from the awaiting breakout of the zone.
To everyone thats will love to take this Trade with me, i will advice you trade with proper risk mgt, meaning risk only what you can afford to lose.. if there is any question for me, kindly comment below, this is a swing trade and might take the entire week, bag safely.
CAD/JPY Sell Setup.This count is based on my assumptions so anything can happen just for educational purposes only not a financial or trading advice kindly do your own ta and trade with care thanks good luck.
CAD/JPY Sell: CAD / JPY
Sell limit: 90.540
SL @ 91.030
TP @ 89.450
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
CADJPYCADJPY SHort Sentiments from here guys,
there was a resistance at the same level,
am expecting 160 pips drop and more
CAD/JPY Sell: CAD / JPY
SL @ 89.510
TP @ 87.850
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
CADJPY 2H (12/04/2021)HI
WAIT FOR THE TEST AREA
open position : ?
take profit : ?
S/L : ?
Best Regards.
CADJPY Short 4HWe see a possible bigger move down for CADJPY as the market is been hit by Omicron.
Waiting for a test and confirmations.
The Humble Trader.
CADJPY Trade Ideas Trade Plan One
1) Short from current price i.e. 88.98
2) Stop Loss: 89.30
3) Take Profit 1: 88.75
4) Take Profit 2: 88.5
5) Take Profit 3: 88.2
Trade Plan Two
1) Long when candle closes above 89.4
2) Stop Loss: 89.2
3) Take Profit : 89.7
