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Cadjpyshort

CADJPY, 4hr tf, more downside expected on wave-CAs you can see we're on ABC correction after completing all 5 waves. The B is a triangle and we might see another 5 smaller waves to the downside. You could also see that pattern as descending triangle or bearish flag, it is up to you how you see it but it should be clear as bearish continuation pattern. Wait for price retrace around 86.70-75 before entering sell. Sell CADJPY 86.75 Stop loss 87.15 Take profit 85.05 (4.25R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
Week setupp for CADJPYThis is a analys of CADJPY, and I am currenlty looking for a short postion. If it breaks the daily support line and closes under it, then we know the support lines turns into resistance line. After line getting resistance line. We can expect the candels to go and test, the next support line. Iam expecting it to break the support line and after it to go down side becus of the head and shoulder patter. What i mean is that we have higher chanse to break the support and let the head and shoulldeer play out on 4 h time frame. We have a dubbel top on daily to, so there are no reson to take a long on this postion right now. As i said. Wait for the cofirmation. IF and only IF we get a confirmation on a short postion, we can look for a trade then. - Dubbel top on daily chart - Head and shoulder pattern on 4h Other wise, if it fails to break the support line, it can go side ways.
Short
by abdsha14
CADJPY facing bearish pressure | 16th Apr 2021Prices are facing bearish pressure from horizontal swing high resistance, in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push down towards horizontal swing low support, in line with 78.6% Fibonacci extension. If prices push higher, prices might face resistance from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Stochastics is also facing resistance from 92.82 level, potential for pullback, in line with our analysis.
Short
by FXCM
2
CADJPY - Bearish BiasCAD - BEARISH 1️⃣ Traders weighed resurging coronavirus infections and new lockdowns in the country. 2️⃣ The commodity-sensitive CAD continues to have a difficult time capitalizing on rising crude oil prices. JPY - BULLISH 1️⃣ Safe-haven flows returned to the Yen after daily coronavirus cases in Osaka reached a record 1,099 on Tuesday amid a surge of highly contagious variants. ===== Technical ===== We are looking to sell the CADJPY at resistance + below SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
CADJPY facing bearish pressure | 13 Apr 2021CADJPY is facing bearish pressure from a tentative descending trendline resistance as well as horizontal swing high resistance. Prices might push down towards horizontal swing low support, in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement . If prices break past the swing high, prices might face resistance from 61.8% Fibonacci retracement and 50% Fibonacci extension . EMA is also above prices, showing a bearish pressure for prices.
Short
by FXCM
CADJPY facing bearish pressure | 13 Apr 2021CADJPY is facing bearish pressure from a tentative descending trendline resistance as well as horizontal swing high resistance. Prices might push down towards horizontal swing low support, in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. If prices break past the swing high, prices might face resistance from 61.8% Fibonacci retracement and 50% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.
Short
by FXCM
1