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Cadjpyshort

CADJPY: Appears to be in a corrective phaseWe have witnessed a significant bullish ride on the CADJPY pair from the low of the 24th March at 94.069 to the high of 31st March at 98.745, accounting for over 450pips move. After this rally, it appears that the move has reach a termination point, where correction of the 467Pips bullish move is expected. My expectation of the corrective downward move is based on the following market realizations: 1. The formation of a bearish crab harmonic pattern on H1 TF. The long AB axis, confirming the possibility of an extended Wave 1. 2. Price divergence. (This divergence occurred on my indicator vs the price). This lend credence to the fact that buyers may be getting exhausted. And sellers are about stepping in. 3. The formation of rejection candles to the upside. Based on these parameters, I will be entering short on the pair with a target to 97.164 region, which also coincides with my fib golden ratio. I'm also aware that the corrective wave could be a flat and we may see a temporary price rally to 98.830, but my overall outlook is bearish until the correction is over.
Short
by Samuel124
2
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. - The reason for that is because the Central Bank of Japan did not intervene in the long term to strengthen the JPY, they are strengthening the JPY in other ways without raising the rate. Meanwhile, the price of OIL has gone down a bit, so the CAD has become very weak in the last few days. Anyway, as expected in the BOC RATE DECISION the other day, the RATE HIKE was done. - But somehow the CANADIAN CENTRAL BANK has become HAWKISH. Therefore, CADJPY should definitely be slightly UP until the 103.110 LEVEL. Before that, there is a very high possibility of selling to the 93.00 level. So FOLLOW STRUCTURES. If JPY becomes strong, it can sell at 93.01 level.
by benny_marshall
CADJPYGood Night :) GBPAUD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992