Cadjpysignal
CADJPY Short (Daily/Weekly Analysis)CADJPY rejected an important Daily/4H resistance level after faking-out above it (which corresponds to a Weekly/Monthly wick) the SL will be put to break-even when price reaches 90.240 level, as it has acted as a strong support/resistance in the past and price could bounce up from there. The Final target is 87.800.
CadJpy could rise 200 pipsThe long-term trend for CadJpy is clearly up, and at this moment, the correction started at the end of October looks done.
The pair found strong support in 89 zone, a zone that acted as support or resistance multiple times in the past.
As long as the pair stays above this zone I expect a new leg up and the first target can be 200 pips above, at 91.50 zone.
A break of this resistance would expose the recent high.
Buy dips can be a good choise
CADJPY 2H (12/04/2021)HI
WAIT FOR THE TEST AREA
open position : ?
take profit : ?
S/L : ?
Best Regards.
cadjpycadjpy is still running over + 460 pip 🥳✅🥳✅ and we are close to hit tb
I hope you all have a brilliant weekend
Stay safe ✌️
🥳✅
CADJPY 4H (11/25/2021)HI
open position :91.200
take profit : 89.124
take profit 2 :88.062
S/L :91.633
Best Regards.
CADJPY Bearish possible target 89.30#cadjpy, weekly char forming lower low and lower high, high supply zone between 92.10-30. use 0.5% risk cmp, use remaining 0.5% pending sell limit order by 92.05-10. stop loss 92.60 while target 89.30.
CadJpy- Be careful with short tradesUndoubtedly, the trend for CadJpy is bullish and, the drop from above 93 is just a correction in my opinion, with overlapping tops and bottoms(also looks like a flag).
The pair found some kind of support around 90.50 and now is consolidating.
Although I don't rule out a spike under 90, I will consider this a good opportunity to buy in anticipation of a reversal.
Also CadJpy above 91.50 can be considered a buy signal
cadjpyCADJPY - Short
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further CAD weakness & JPY strength after a short retracement period = CADJPY SHORT
What are we waiting for to happen?
- Waiting for the next pullback so we can draw WFB
What is our confirmation?
- rejection of structure and EMA
- Waiting to draw WFB
Entry
Safe Entry: Rejection of structure and then WFB once correction appears
Risk Entry 1: Rejection of structure and Fib
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 89.3
- Second TP: 88
- Third TP: 86
CADJPY ANALYSIS AND TRADE IDEA - SELL TO BUYHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
On the Monthly we are bullish with an ICI to the upside which the market is currently retesting the previous resistance turns support once we see a close above the support we can see a continuation to the upside.
Dropping down on the Weekly we have an over extended W formation where we can see a retracement to the neckline or the wick of the candle, we will base our take profit for this weekly trade on the impulse.
On the Daily we are also testing previous resistance turns resistance due to the closed below the structure, EMAs are about to cut for short though MACD still is above the 0.
Trade Signals
SELL
Entry: 90.832
Take Profit: 87.880 (295 pips)
Stop Loss: 91.775 (94 pips)
=====================
BUY
Entry: 87.906
Take Profit: 95.263 (735 pips)
Stop Loss: 86.755 (115 pips)
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
CADJPY shortThe market is starting to move down. I marked the place and the price for short. I am waiting for the price to return to the short zone. After receiving the signal from the chart, I will open a position
CADJPY 🔥🔥🔥 OUTLOOKCADJPY 🔥🔥🔥-
If price should break 91.036 level, then we want to see a retest of our order block at 90.674 level before we jump into the wave.
Entry - 90.674
Tight SL - 90,520
Target - 91.984
RRR: 1:9🛩
If i do not see these confirmations, i will stay out.😢
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CADJPYCAD/JPY GOING DOWN. This Market Has Now Created a Descending Chart Pattern. So The Market Is Now Possible To Go Down.
CADJPYMONTH candle form ascending triangle pattern good retracement and u gonna buy side first target i gave it if first target achieved then u wait for momentum candle then gonna second target be patience
CADJPY / Short OpportunityPrice has made a bullish run towards a monthly level of resistance, after this kind of run we can look for a short opportunity
I will be looking on the 4hr timeframe for entry and then taking it to the weekly resistance level which was broken
CADJPY Weekly Forex Analysis & Trading Idea for 4th - 8th OctobeCADJPY Weekly Forex Analysis & Trading Idea for 4th - 8th October 2021
