Cadjpytrade
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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CADJPY : Current Situation & Technical , Fundamental View#CADJPY
Due to MARKET RISK OFF, CADJPY is going down a bit. We expect CADJPY to go UP again.
Either way, that price can retrace to the CADJPY MAIN TRENDLINE. After that you can go DOWNSIDE the MARKET. The reason for that may be due to the fall in OIL PRICES. You can definitely buy at the CADJPY 104.90 level. For that, MARKET RISK should be ON SHORT TERM.
But we can sell CADJPY up to 100.00 LEVEL according to the STRUCTURE. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK OFF in the coming days. We must pay attention to MARKET SENTIMENT.
CAD/JPY Short 4RRYesterday @ 10 AM I entered a trade with 2RR for prop account and actually forgot about it. This morning when I woke up it was the first thing I remembered and immediately ran to the PC to set stop to 4RR but was too late and trade took profit. My point is your system should work for you when you see a trade take it and stick to it !
USDJPY and 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.
CAD/JPY buy signal....VIEW
Hello Traders, 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 watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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CADJPY SHORTING WEEKLY TIME FRAMECADJPY has reached and been rejected from 2014 big resistance level.
Weekly time frame:
rsi = overbought
macd = weaken.
It got rejected from resistance in 8 june 2022 and tried to retest it but failed in 21 june 2022.
However on the 1 hour time frame, it failed to break LL of 10200 in 16 jun 2022.
But higher time frame moment is down, expect market to go down.
Cadjpy has been pumping due to the war = printing + exporting stuff.
Cadjpy risky longsCadjpy has been in a long term uptrend, so we should be preparing for a distribution.
Nevertheless, this lends credence to a trend following approach being optimal.
A pullback to the previous high of the pair should signify a highly probable formation of a Higher Low to shoot for a continuation long.
Incidentally the pullback zone is also the 61.8%/50% fib level of the upmove.
The bullish break and retest of the LTF descending trend line and the LTF minor resistance should most probably start a bullish climb to equal highs at least.
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Long on CADJPYWith the CADJPY`s consolidation around the 101 area, we are anticipating breaking the levels and aiming at 100 - 120 pips upward movement in the currency pair. The trade would require you to keep a close eye on the parameters due to the market volatility and once in 30 pips our way, we will be looking at adjusting our SL to Entry. The levels that we have set behind this idea are as below:
TP: 102.272
SL: 100.340
CADJPY Analysis and Trade Idea UPDATE!The bearish englufer made the entry easy. Wait for the base candle (bullish) to be retested by the candle forming after the engulfer.
On the LTFs, it is a break of market structure. The pullback after the break is the high probability entry.
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