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Cadjpyshort

I'm being patient here It has been risk ON lately. So JPY has been very weak because there was no need for people to put money into this safe currency, but it looks like it is now nearing the end of it's trend. I expect big institutions to start removing their risk as more uncertainty enters into play. No FOMO Everyone is trying to short right now, so I expect a second liquidity rejection of the tops because that is where people's stop losses will be sitting. The bigger picture Why do I say there is going to be a second liquidity grab? Because we can see that price has reached a previous top and it is very likely that it will go just above it to grab long term stop-losses. This new found liquidity will propel prices down : A closer look Here is the 2 turkuaz lines in a closser look (1h chart) :
by TheSnowballEffect
CADJPY Analysis and Trade IdeaCADJPY has entered my POI. I am now waiting for it give indications of a reversal, so I may find a valid short. If price stay strong, making the HH even higher, I wait. Patiently. It will pull back at some point, to make the HL. This is dictated by HTF market structure. I wait, patiently, for confirmations. No confirmations, no trade. NOTE: I didn't mention it in the video, but CAD gas CPI news on Wednesday. Banks may look to take profits and send the market to move unpredictably. Be very careful trading this pair with the news looming.
Short
by RT_Money
4
CADJPY short running ⤵️🙌We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart trade has been live since 4:00 am UK time. This strategy is a simple 1:1.8 RR strategy. Working the 30M time frame on this strategy. We're only looking for TP3. The trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
2
CADJPY Short! Price Action AnalysisPrice is currently trading within Caption zone/s that last saw Tests for rejection to the downside in October-November of 2015. For price to experience the anticipated drop, CAD has to weaken and JPY has to strengthen inclusive of fundamentals. Bearish pattern signs have initialized on smaller time frames with rejection at 92.545, which is the beginning of a Caption zone that extends through 94.745. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you, Happy Trading.
Short
by legacyliked
CADJPY SHORTWhat we can see in this chart is a bearish market structure for CADJPY. First of all, looking at the RSI index, CADJPY is overbought, therefore it is expected a decrease of the graph. Secondly, the line is continuing bouncing at an important resistance area, between 91 and 91.5, that corresponds also to a weekly Fibonacci level of 0.5 (that often represent a turning point). Finally, considering the movement from the bottom at 73.70 and tracking the Trend-Based Fibonacci extension, it can be seen that the line arrived at the level 1.68, usually a target area. Stop Loss: 92.59 (strong resistance/support line) Entry Price: now (91.200) Take Profit: 86.280 (strong resistance/support line) No Financial Advice
Short
by vf_investment