Cadjpytrade
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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CAD/JPY SELL SIGNAL...VIEW
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CADJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CADJPY : Current Situation & Technical , Fundamental View#CADJPY
Due to MARKET RISK ON, CADJPY went up a bit. But now CAD UP is being done again. We expect CADJPY to go UP again.
Either way, that price can retrace to the CADJPY MAIN TRENDLINE. After that the MARKET can go UPSIDE. The reason for that may be due to OIL PRICES UP. JPY WEAKNESS will also affect this. You can definitely buy at the CADJPY 108.691 level. For that, MARKET RISK should be ON SHORT TERM.
But according to the STRUCTURE, CADJPY can move up to 103.340 LEVEL on the TREND LINE. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK ON in the coming days. We must pay attention to the MARKET SENTIMENT.
CADJPY - Buy/Long - Ascending Triangle.CADJPY - Buy/Long - Ascending Triangle. Price has been knocking on the 106.200 zone for a while now and we might just see it break-through to the upside. Price has been making a series of higher lows to this point, indication strong momentum.
Always Use good risk management, only risk 1% or less on any given trade. When a certain % or pips in profit move stop loss to breakeven. Also consider taking partials along the way or trailing profit in case of a reversal or if price surpasses our target level.
MY VIEW ON CADJPYhello guys, t his is my insight on CADJPY, from H1 point of view the price broke the daily trendline and retested it then in H1 it formed head and shoulder chart pattern which is a strong selling signal, not only that but also it has broken minor trendline in H1 and it retested both the trendline and the neckline of the head and shoulder pattern, hence this gives us a clear selling signal.
CADJPYHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
CADJPY view with smart money concept
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit day guys