Cadjpytrade
CadJpy- A new retest of 78?After a drop to 78 support, CadJpy recovered some losses but couldn't break above the important 80 resistance.
With OIL on a descending channel and strongly offered around 39, I expect CadJpy to follow and 78 could be the first target for bears
I'm looking to sell rallies for this pair and a daily close above 80 would invalidate this scenario
CADJPY IdeaAnalyzing the 1h chart, we have a break in the trendline and as it usually happens 80% of the time, the pair comes to retest it.
If we see that the trendline acts as a resistance, which coincidentally coincides with the 61.8 fib level, we have enough confluences to support a short position.
R/W - 1/5.7
CADJPYThe pair hit the trendline and it shows some buying strengh. Only go long IF the 1h candle closes above the others, Always wait for confirmation! It's a huge reward with low risk trade. 1 risk to 5/6 reward
If it doesn't close above, we can discard the trade idea until it hit the second trend line (the one on the below)
CAD/JPY SELL 📉👋 Hello and welcome traders to another trade idea with Fobian
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👉 WE have sell conformation:
- Trend was broken.
- EMA's give us SELL signal.
- Candle close below ASIAN session.
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Cadjpy buy from retracement Was waiting so long for cadjpy to retrace to the 0.5 or 0.618 fibo on the daily chart. Today the market has tested the 0.5 fibo and now we can look for a long. The market can also go and retrace to the 0.618 fibo. But Right now 4H is bearish so wait for 4H to change to bullish and buy cadjpy from here.
CADJPY will probably drop after the correctionHello guys,
Trade it after the break of the small trend line
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CADJPY - Outlook 3 October 2020 - Range potential?Hi all traders,
This is a video analysis on CADJPY.
For those who are trading cadjpy, do take note of those levels as mentioned within the video.
Trade safe and be patient on this pair.
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CADJPY - BEARISH BIASCAD - BEARISH
1️⃣ Investors rushed for safety amid mounting concerns over rising coronavirus infections worldwide. Investors now await for Prime Minister Trudeau’s address to nation later in the day, where it is expected to unveil a plan to help the country recover from the coronavirus pandemic.
2️⃣ Mounting concerns over fuel demand recovery as the number of coronavirus cases continues to rise worldwide.
JPY - BULLISH
1️⃣ Investors moved into the safe haven Yen amid greater uncertainties over global economic recovery following several warnings from US Federal Reserve Chair Jerome Powell that the US economic recovery may come to a halt without additional fiscal stimulus.
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TECHNICAL
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- We are keen to sell CADJPY on SBR level + SMA100 area on H1 chart.
- CADJPY in bearish zone.