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Cadjpyshort

CAD/JPY PLAN.Greetings to traders from across the globe, Allow me to introduce myself as Alexandre Karim , and I shall now embark upon presenting my comprehensive analysis pertaining to the CAD/JPY exchange rate. Firstly, it is patently evident that an upwardly inclining channel has been manifesting itself since the advent of the year 2020. Furthermore, it is noteworthy that the price has, as of September 2022, achieved an altitude of profound psychological significance, a threshold last scaled in 2014. At present, our valuation hovers marginally above this critical juncture, with figures oscillating betwixt the range of 109 and 111. In the current milieu, the price has attained a region of resolute rejection, dating back to the month of September in the year 2022. Notably, this phase is characterized by a corrective phase coupled with a constriction in price movement, potentially indicative of a forthcoming reversal trend in the downward trajectory, discerningly denominated as the "Rising Wedge." I, personally, am adopting a posture of vigilant anticipation, poised for a descent or a breach in the prevailing structural framework, which would prompt the execution of a short position. In the event that the price breaches these thresholds and eludes my initial trade entry, I shall maintain my vigil for the emergence of a subsequent pattern indicative of a continuation of the downtrend, thereby facilitating the initiation of a short position. In this endeavor, it is imperative to underscore the pivotal role of patience. #THEPRIMES
Short
by alex_k_95
CADJPY Short Trade Idea A bearish trade opportunity recently presented itself on the loonie-yen currency pair. This is indicated by the bearish harami candlestick pattern just below the 110.646 horizontal resistance level. This shows a rejection of the same resistance level, with potential price move downward ⬇️. Sufficient downward momentum should see price moving towards the 105.000 psychological level and possibly testing the strength of the 104.281 horizontal support level. As always, apply appropriate risk management. Happy trading!
Short
by charles-okoukoni
CADJPY Long Term SELLING Trading IdeaHello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
CADJPY Long Term SELLING Trading IdeaHello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
CADJPY Long Term SELLING Trading IdeaHello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
CADJPY: Projecting Corrective Wave (C) & impulsive wave 5Hello Traders, Here is my outlook on CADJPY. Based on the current analysis, CADJPY has completed wave 3 and it's currently undergoing a corrective wave (b) within the larger wave (4) structure. The upcoming movement is anticipated to initiate a downward trajectory in wave (c). Subsequently, a rally is expected to conclude a larger degree wave (5), which is part of the impulsive wave pattern. The projected price region for the completion of wave (c) is estimated to be within the range of 102.884 - 102.355. It is crucial to note that the analysis would be invalidated if the price drops below 101.797. In the event that wave (5) is not truncated, it is anticipated to exceed the termination point of wave (3) at 104.903.
Short
by Samuel124