Cadjpysignal
CADJPY Shorting the obvious for 300 pipsHere is a chance to short the obvious for a 300 pips target.
CADJPY has been following the same wave/pattern/channel for quite some time.
Its a no brainer to short this as the odds of it going south for 300 pips is very high.
But if things go the opposite direction then its very unfortunate for us, as there is no reason for it to behave differently this time around.
AUDJPY // CompraTe dejamos ésta idea de trading para que la disfrutes. Es esencial que esperes a la zona de entrada para asegurar un mayor beneficio y respetar nuestro Stop Loss. Nuestra estrategia es confidencial por un alto grado de fiabilidad, abajo encontrarás nuestros medios de contacto.
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READY TO CATCH SOME PIPS ON CADJPY?Good buy opportunity on this pair.
I have marked the entry, stop loss and take profit.
Capital risked: 1%
Risk to Reward - 1:2
Be alert and pay attention to the simplicity and similarities in the setups. Your mind is a sucker for habit so you can turn your technical analysis into one.
Happy trading all! :)
Malika K
#CADJPY rise has come to an end?We think that the recent advances in cadjpy have come to an end for several reasons
1. The previous weekly candle is a Doji candle that means it can indicate a reversal of a trend.
2. The price of cadjpy is currently close to resistance called Senkou Span (Ichimoku indicator)
3. In the daily chart, the cadjpy rose until it touched a moving average 200 and failed to break above it and started to fall a sign of weakness
Sell CAD/JPY:
Entry Price: 84.17
Stop Loss: 84.65
take Profit: 83.00
CADJPY Sell The Breakout Bearish Trade Setup (Sell) I expect the price to move back up to at least the 0.382 fib level and providing price action turns bearish and I have enough confluence in my setup, I will be looking to take a short back to the trendline and will be expecting the trendline to break to the downside. With stops above the previous swing high on the daily timeframe and aiming for 82.5, we have a very attractive sell setup.
CADJPY OUTLOOK w bullish outlook1. Retest of previous weekly structure.
2. Next week we see important CAD data coming in. I have a bullish bias on the CAD GOV hiking rates. So a bounce off this structure for me is expected.
3. Good RR with SL below structure.
*Anything can happen to bullish bias does not mean shit unless we have decent price action around the structural support area.
*Pullback volume is also higher compared to the wave up so next week we will need to determine whether the selling pressure is still there.