CADJPY ____ INCOMING BEARISH MOVEHello Guys,
As I had mentioned in my previous post on USDCAD (inserted below), CADJPY which is correlated to USDCAD is also at a very important supply region (weekly order block).
My speculation is that CADJPY may continue some more inducements and manipulation on its way to the top before it begins selling.
If you look left, you will notice the buy-side liquidity (equal highs) that the price may just spike above before selling or creating another equal high.
You should put this pair under your radar as it has more potential to deliver on the short.
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USDCAD ANALYSIS
Cheers,
Jabari
Cadjpysignal
DeGRAM | CADJPY double top at the resistance levelCADJPY is decelerating at resistance level on the 4H chart. It created a double top.
The market shows a divergence at the resistance level, meaning a pullback might happen.
Kill zone: resistance and an equal-measured move.
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CADJPY ____ INCOMING BEARISH MOVEHello Traders,
CADJPY traded into a strong weekly order block last week but didn't sell as expected. However, it created both buy-side and sell-side liquidity. My speculation is that It hunts the buy-side liquidity first, then go for the sell-side liquidity.
This simply means that the price would run deeper into the weekly order block to gather momentum for the bearish move.
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Cheers,
Jabari
CADJPY ____ LIQUIDITY SWEEP INCOMINGHello Traders,
Have approached a monthly supply zone (marked with red). Price is meant to reach this level. Due to the fact that this is obvious to everyone, price manipulation will have to happen to ensure people are liquidated before the sell-off.
One way the market does this price manipulation is to induce people and form a liquidity pool that it will sweep before the bearish expansion.
As marked on my chart, you will notice that there is buy-side liquidity just below the monthly supply zone. Once the price sweeps this liquidity, I would have liquidated enough people before the selling begins.
I will advise you to wait and see how the price reacts to this zone before you decide to look for a bearish setup to trade.
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Cheers,
David
DeGRAM | CADJPY confluence levelCADJPY is trading in the descending channel .
The market formed a bearish harmonic pattern .
Price action is printing lows and lower highs, an indication of bearish pressure.
Price is likely to reject the psychological level of 101.000 .
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CADJPY ____ INCOMING BEARISH DUMPHello Guys,
This pair has entered the weekly FVG but before doing that, it took out enough buy-side liquidity as marked on my chart. The pair had printed a bearish price structure on the monthly timeframe which explains why we should expect a bearish move to the marked TP on my chart.
I will go to lower timeframes most especially the 1-hour timeframe to look for my setup to take an entry short.
That's all folks.
If you have a question regarding this trade idea, let me know.
Cheers,
David
CADJPY___4RR TRADE IDEAHello Guys,
Like I mentioned in my previous post , FX:CADJPY is also currently in a daily demand zone and is poised to make the move up.
To be frank, I have a long-term bullish bias on JPY, as my technical analysis on both the weekly & monthly timeframe of JPY index is bullish.
Do you think this bullish move will happen? I think so.
My next trade idea is on NZDCAD... stay tuned.
Cheers,
David
DeGRAM | CADJPY false break of the resistanceCADJPY dropped and fell below the support level that became resistance.
Price broke and closed below the level of 100.500.
The market shows massive divergence at the resistance level on the daily timeframe, which indicates that prices may explode downward.
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CADJPY BUYSHello traders, trust y’all are having a great week, let’s talk about CJ we are Currently having A Head and Shoulder Chart Pattern And we all knows what it means and what prices is actually saying so not much to say let’s wait for price to retest zone 98.754 for a Shoulder to be formed then we can start seeing a bullish continuation pips target for this trade is about 170 pips, price target is 100.550 tell me what you guys think about this trade thanks