VERTEXCHARTS | CADJPY TRADE IDEACADJPY is falling from the lower high zone of the descending channel range.
Lookout for short trade positions
Cadjpyshort
Short CADJPYChecking the daily tf price has now retested a quarterly high and also a monthly low which is price level 88.00. On the 4hr tf a bullish OB has been formed and our confirmation will be the break of the 'breaker to be'.
CADJPY good short position CAD JPY is going down respecting the price action and chart patterns
look for bearish confirmation on lower time frames ans enter short with your own money management
always remember that patience is the key to success
CADJPY 15min ANALYSIS (SELL)In this analysis we sell this pair because of a strong resistance above. The price has reached a strong supply zone. Therefore we expect to enter the market as sellers. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.
Sell CADJPYCADJPY midweek analysis
📉SELL
The pair has been on a downtrend since June. Early this week price has been consolidating on the Low Of June and yesterday price created a bearish OB on the Daily tf so that price can go lower to retest the Quartely low level at price 86.200. This is our expected TP which is 100 pips away
CADJPY Could Go Lower
Welcome back Traders, Investors, and Community!
Hi Traders, CADJPY on H4 after rejection from the Trend Line bye large red candles it’s expected to go lower.
⬇️Sell now or Sell at 87.69
⭕️SL @ 88.11
✅TP1 @ 86.66
✅TP2 @ 86.00
✅TP3 @ 85.06
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Have a Profitable Day
WHAT'S NEXT FOR CADJPY?After the correction we saw on CADJPY, price eventually broke below that level and is currently at a clear 4H level.
Price will either bounce off this level to make it a higher low and even yet an inverse head and shoulder, or price would break the level to continue a downtrend.
We're waiting patiently to see what sets up.
CADJPY Short Analysis Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
EURJPY ANALYSISFrom the last analysis, we see price pushing down from 130.300 into 129.900.
We're watching to see what price would do when it gets there. Would it bounce? Or would it break below?
Whichever route price takes, we'll react accordingly. A bounce from this level would be that the short-term uptrend would continue.
If price breaks below, expect those sells down to a new lower low.
WOULD WE SEE A BREAKOUT?We have had this pair trying to correct for some time now.
After the last bullish move. CADJPY is correcting in what looks like an ascending channel.
We're still bullish on this pair and will be waiting for a breakout of either of the sides.
CADJPY, trending down!!!CADJPY is trending down creating lower highs & lows. recently is in a consolidating stage between 88 & 87.40 area. My bias is bearish but before that it may fill the supply area, 88.40. So, my expectation would be a fake breakout from the consolidation then we go down.
cad/jpy good short position cad jpy did a massive move to downside on last Monday and now market is back at that zone to retest
look for bearish confirmation on lower time frames and enter short with ypour own money management
always remember that patience is the key
Cadjpy BuyCadJpy Buy :
Start the trade once it touches the blue line
You can place a Buy Stop at the Blue Point
TP : Green Line
SL : Red Line
ready to go downNicely overbought RSI in short period on all lower time frames, ok formed inverted cup on daily chart and near 0.5 fib retracement for a handle formation.
The jump was also supported by a double bottom formation.
Note: It was a confirmed downtrend, but with the CAD coming back strong a reversal may happen. For now, it will need almost immediate correction to all it's pairs in the next day or two.
enjoy.
CAD/JPY Running In 200 Pips From Last Analysis , New Entry AddedThis 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 - BEARISH BIASCAD - Bearish
1️⃣ The gloomy market mood followed by the decline in crude oil prices depressed the CAD currency.
2️⃣ Bank of Canada Governor Tiff Macklem told the Canadian Press that the rise in inflation is temporary in nature.
JPY - Bullish
1️⃣ The global market is expected to remain risky following market concerns over the increase in Coronavirus cases as well as tensions between the United States and China.
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TECHNICAL
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- Intraday setup on H1 chart.
- We're shorting this pair on SBR level.
- Below SMA50 area.
TRADE AT YOUR OWN RISK!!
CADJPY Short Position ? 16/7/2021CADJPY Current Trend Downtrend.
So only look for Short Position
Entry 1 - 88.000
Entry 2 - 88.150
Entry 3 - 88.300
TP 1 - 87.200
TP 2 - 86.950
TP 3 - 86.200
SL - 88.500
This is not Signal
Thank You
