Cadjpyshort
CADJPY - Bearish BiasCAD - BEARISH
1️⃣ Oil prices sank more than 5% on Tuesday, with WTI crude trading below $60 a barrel and Brent about $62.7 a barrel amid escalating worries that the third wave of COVID-19 cases in some countries in Europe and slow vaccine rollouts in the continent will hurt a recovery in fuel demand.
JPY - BULLISH
1️⃣ A string of renewed coronavirus restrictions in Europe boosted a safe-haven bid.
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Technical
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We are looking to sell the CADJPY at SBR + below SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
CADJPY SELL | Going down Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity CADJPY .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
CADJPY - Bearish BiasCAD - BEARISH
1️⃣ Lower oil prices weighing on the CAD.
JPY - BULLISH
1️⃣ The BoJ explicitly said Friday it will allow long-term interest rates to fluctuate in a wider band. The bank also removed a 6 trillion yen ($55 billion) annual target for buying exchange-traded funds while maintaining a ceiling of 12 trillion yen in a move designed to allow yields to fluctuate more and breathe life back into a market made dormant by the BOJ’s dominance.
2️⃣ The Japanese government fully lifted its second COVID-19 state of emergency Monday after extending it twice, as the nation remains on high alert for a rebound in new infections.
3️⃣ Risk-off tone supported the safe-haven JPY.
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Technical
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We are looking to sell the CADJPY at resistance + below SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
CADJPY - Short Idea1 POSITION:
Sell CADJPY at 87.230
SL: 89.230
TP: 85.230
2 POSITION:
Sell CADJPY at 87.830
SL: 89.230
TP: 85.230
CADJPY SHORT Safehaven Yen CurrencyThis is something that could possibly play-through around the FOMC rate decision, but this would seem an exceptional case that may or may not happen. So, instead, a shorter-term level around 86.25 could be looked to for higher-low support potential, and from shorter-term charts, we can see where there was a bit of gyration around 85.70-86.30 which can present an area of potential higher-low support for bullish continuation scenarios
All the FX Carry Trades, ready for a wholesale massacre!!Beside the Title Chart, here are the rest;
This is to illustrate just how much stronger is the YEN vs. the Swiss Franc.
This one still has some ways to go.
CADJPY Sell Trade (My View)CADJPY Sell Trade:: TP 1$2 Yellow Lines..... SL On Chart:::::::: "{}{:"FoRexI$AJokE{))}":
CAD/JPYhi,
in short, I am taking shorts
trading actively, but only shorts for now. as long sub 86 did not print, I cannot see a reason to trade long
good luck
FX_IDC:CADJPY
CADJPY SELL | Going down, Sell at the break!Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in CADJPY .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
BUY Trade idea Hello team, price has been respecting this rising channel we looking to take shorts to the downside
cadjpy possible shorts this week!! cadjpy posiible shorts for this week, again it is monday so this is one of our many possible set ups, this being probably one of our main ones
CAD/JPY SELL (RETRACEMENT)CAD/JPY has been in an uptrend since the beginning of the year, respecting the blue trend line .
Since the beginning of the month the price has been following the green channel within the Blue Trend line .
The price has rejected a key resistance area and i expect a correction of the price to happen reaching the bottom green trend line .
This is shown by the grey path drawn.
In the bigger picture I expect the price to show a retracement/ correction until it reaches the Main Blue Trend Line .
Adding on to the confluence the 0.618 fib level intersects the Trend line , which is where the price is likely reach and show a reversal .
This is shown by the red path drawn.
CADJPY - SHORT ENTRY PRICE - 86.920Bearish Crab Harmonic Pattern has been formed. It’s time to sell this pair.
CADJPY - SHORT
ENTRY PRICE - 86.920
SL - 87.100
TP1 - 86.480
TP2 - 86.210
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
CADJPY Potentially Turning BEARISH from here...In this analysis, I will be looking into the wick fill trading strategy. From our chart, we can see that price level has filled our level according to our wick trading rules. With that, today's candle should close below 23.6% fib level. If so, I will be expecting a move to 61.8% fib level with a potential BEARISH continuation till 161.8% fib level. This give us two levels to keep an eye on when shorting this pair.
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CADJPY has started a downward trendCADJPY has started a downward trend and I predict its first target will be 85.300 and then 84.500.
Prepare to short cadjpy!!Hey traders, this is my analysis for CADJPY, let me know your thoughts below!
CADJPY New Update And A Short Trade In This Analysis 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 trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
SETUP: Overextension + touch of POC consolidation | Daily chartPrice is now encounting resistance AT THIS VERY MOMENT and will likely start going down from here.
There is a big consolidation from late 2018 that price has not reacted to yet.
Easily 3.5RR potential.
You can see the RSI is converging very well from the 4h chart:
CADJPY SHORTCADJPY seems to be setting up nicely for a short setup.
Please see initial forecasts below.
