Cadjpytrade
CAD/JPY :: wait for the best time !CAD/JPY :::
1_ Orange channel :: It is drawn in the time frame of one hour. It is currently at the ceiling of this channel, and its ceiling is a good resistance and will lead the price down to a large extent .
2_ Blue channel :: It is drawn in the time frame of 4 hours. And the price reacts a lot to the bottom of the blue channel, but has not been able to break it yet .
3_ The best decision :: wait until the price either breaks the ceiling of the orange channel or the bottom of the blue channel
4_ the targets will be as follows ::
If the roof of the orange channel is broken: range 117 .
If the bottom of the blue channel is broken: range 101 .
CAdJPY: Elliot Price Action Hello friends. Canada/yen has an upward trend in the long term and will expect to reach 117, but in one hour time, the first wave has ended and it will move towards the price of $105 in a three-wave correction, and after that, it will see a strong growth. up to the price of $112, which is the end of wave 3.
CADJPY : Current Situation & Technical , Fundamental View#CADJPY
- By this time, CADJPY was very well BUY with the G7 MEETING with some positive comments regarding OIL. So CAD automatically went up. The other reason is the RATE HIKE done by the BOC. That was the recent FUNDAMENTAL incident.
- But after that the price of OIL went down very fast. Due to this reason CAD went down very fast. You can check it by going to CAD CHARTS. But now with JPY WEAKNESS, CADJPY is getting BUY very fast.
- Right now the MARKET is getting somewhat RISK ON, JPY is going down, so CADJPY is getting BUY.
- There is a very high possibility that CADJPY will move up to the 108.032 level. The reason for that is because even now OIL PRICES are going up a bit. After that CADJPY price can go down to 102.990 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT. cadjpy
2X CADJPY 1D Tech. Analysis!CADJPY has broken the mid-term bullish trendline and came back to retest the order block in the 106.375 area. We also see a possible head and shoulders forming, so this is what we are going to play down to the long-term trendline! We are going to wait for the break of the short-term bull trendline for a safer entry! but my entry is already in @106 area! Wait for confirmation, be patient and lock in profit!
CANADIAN DOLLAR / JAPANESE YEN (CAD JPY) ANALYSIS Hi guys
. I have marked the important levels in the chart.
.The price is near the resistance range. We expect the price to fail to break the resistance. We are looking for a reversal signal to enter a sell position
. This analysis is a personal opinion
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CADJPY UPDATE! 100 + Pips Profit - NextWelcome back! Let me know your thoughts in the comments!
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CADJPY possible buy zone!!Dear traders,
CADJPY is in a bullish trend for an extended period of time.
currently, the price has formed an inverted head & shoulder on the 4H and broken up with a bullish engulfer. If the price shows a strong rejection to the upside from the neckline of this inverted head & shoulder, there is a high probability that the price will continue to rise.
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CAD/JPY BULLISH PATTERNCAD/JPY currency pair had formed a breakthrough on a triangle pattern on the 4H graph which might suggest a bullish movement of it.
MACD Histogram is above the 0 line and both RSI moving averages are above the neutral 50, both indicating potential bullish movement.
If this movement gets confirmed the pair might try to reach back its levels of 106.5 but if the opposite scenario occurs, the pair might test its previous low on 102.95
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