CADJPY - Drop OffI would like to think that the resistance has been wicked into enough for it to plummet from here. I want to see a slight pullback into the previous structure before bears take control.
Cadjpyshort
CADJPY: Is the price finally BREAKING the CHANNEL?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 :
In the weekly time frame, the price has been following a strong downtrend since December 2017 and it's currenly retesting the main dynamic resistance line of its channel.
In the daily time frame, since March 2020, the price has been moving with a clear uptrend and it's now just around the main weekly trendline.
In the h4 time frame, the price is currently following a strong ascending channel, it reached and got few rejections on the resistance level at about 82.150 and it is now just very close to its dynamic support line.
🔴 Conclusion :
The price reached a really interesting dynamic resistance line that rejected the price many times in the past.
I'm confident to see an upcoming market reversal and I'll be waiting for the price breaking the dynamic support line before planning my short position on this trade.
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
CADJPY ANALYSISCADJPY ANALYSIS
Please consider to put a like to my idea for supporting me & subscribe for more ideas.
Idea is not the financial advice!
CADJPY possibile shortHi Traders,
This is our view on this cross for the next few days.
#CADJPY
SELL 81.425
SL 81.73
TP 80.15
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Any updates will be given in the comment section below
———————————
Trading Kitchen
CADJPY Short Setup Trade IdeaOn positive fundamentals, we saw CADJPY take a leap to the upside, followed by a strong rejection from a major resistance level. This has helped to reduce our stop loss size and great increase our R:R in a short position back down to key support levels.
CADJPY Short set up CADJPY has a head and shoulder probability on the sell-side. expecting an 80 + pips downtrend on multiple days
CADJPYPotential bullish until hit trendline (expanding triangle)
we could waiting for some rejection on trendline then we can short the cadjpy as well
we know that CAD often to making false break horizontal support or resistance
thankyou
CadJpy- to maintain its familiar range82.00 zone is very strong resistance for CadJpy and I expect this to offer a ceiling for the pair going forward.
The rise from 78 is also in a rising wedge pattern and a break under 81 would expose this bottom of the range.
I'm looking to sell this pair
Bearish Gartley PatternCADJPY BEARISH GARTLEY PATTERN
Market Sell Order Set Up.
Sell Entry: (82.000)
Take-Profit 1: (81.721)
Take-Profit 2: (81.530)
Stop-Loss: (82.300)
Max Risk-Reward: (1.57)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
Bearish Bat PatternCADJPY BEARISH BAT PATTERN
Market Sell Order Set Up.
Sell Entry: (81.874)
Take-Profit 1: (81.279)
Take-Profit 2: (80.847)
Stop-Loss: (82.400)
Max Risk-Reward: (1.95)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
CADJPY - Solid ShortThis zone looks promising to short from, I will be looking for one more swoop up and signs of rejection before I aggressively trade this to the downside.
