Cadjpyshort
CAD/JPY SELL H4CAD/JPY SELL H4
It made many breakouts of the main trend lines. I don't think the price will be able to break it. And so now I expect the price to reverse and fall towards the 82.63241 point.
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Forex Trading For Beginners Analysis on CAD/JPYOn the higher time frame, price is currently trading on the bearish order block of the H8 and it was refined to the H1 timeframe and there is already a break in market structure to the downside, we then wait for the price to go back to the bearish order block area we then go to the m5 or m15 for entry. I think the price might go down to meet with at least the H4 OB before pushing to the upside.
CAD/JPY GOING SHORT ONCE PRICE RETEST AT 82.671CADJPY retest zone at 82,671 for a couple of time , currently waiting for price to show a rejection candle before placing a trade
CADJPY ShortAs price reached strong resistance we can expect price to reverse as there is no fundamentals in play here since there is no major news is taking place anytime soon.
Also we can see the currency strength of JPY is greater than CAD.
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Bearish Shark PatternCADJPY BEARISH SHARK PATTERN
Market Sell Order Set Up.
Sell Entry: (82.685)
Min Take-Profit: (81.929)
Max Take-Profit: (81.330)
Stop-Loss: (83.209)
Max Risk-Reward: (2.59)
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CADJPY - Resistance ClearedThe resistance level has now been cleared so buyers will now be looking for an optimal entry point at the break and re-test.
I will be looking to position buys a little lower in the bounce box marked.
CAD/JPY swing trade?After being unable to break 82.00 I am bearish on this pair and looking to enter as a possible swing to the downside. Could change due to CAD Unemployment rates
CADJPY, Bears are Expected..!As salam alaikum
T.A Review:
Bullish Channel
Consolidating since last Month
Another Falling Wedge
Holding Rejection zone i.e 82
Strong chances of pullback.
F.A Review:
Dollar strengthens and Covid can't be ignored.
FED decisions, NFP,ISM and PMI are on the way
as well. Market will be highly manipulative this
month.
CADJPY: The price back to its MAIN TRENDLINE?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
CAD/JPY
⚪ Technical Analysis :
Since January 2021, the price has been bouncing many times between two S/R level, one at about 82.100 and another one at about 81.000.
On the 28th of January, the price reached also the main trendline, getting an interesting quick rejection, pushing the price up until the resistance zone.
During the last daily session, the price attempted to break through it, failing and showing a sign of weakness and uncertainty.
🔴 Conclusion :
I'm confident to see a possibility to re-test the main trendline, few pinbars on the h4 chart could be a sign of inversion.
I'll be waiting for the next few candles to confirm my analysis and then I'll plan my short position on this trade.
I highly suggest to do not open any position right now!
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
Downside Expected as CADJPY as Price Holds Below 81.45See Signposts for key price action details.
Price crosses below key trend line.
81.14 support is also expected to invalidate.
On an intraday look, selling pressure coming in at 81.45 zone
CADJPY is preparing for SellCADJPY is preparing for Sell trade IF AND ONLY IF it break the channel below and restest.
If you are taking this trade, please do proper risk and money management.
CADJPY at strong key level, looking for sells
CADJPY SELL
Start 82.050
stop loss: 82.300
take profit: 81.425
