CADJPY / PULLBACKWe have seen a trendline break and a drop for this pair.. price is now going to pull back to one of the FIBO levels and get rejected
When that happens we can look to short this again
Cadjpytrade
CadJpy- A break under 80 confirms H&SI'm bearish this pair since it was just under 81... As I expected, the pair dropped in the first stage to 80 zone and now is sitting just on the neck-line support of a H&S pattern.
A break here should accelerate losses and the measured target is 79 which I expect to be reached in the next few trading sessions.
CADJPY sell outlook for 15 Sept 2020Hi all traders,
This is a trade video analysis of CADJPY.
I have pre-warn some levels within the video for traders to take extra on it.
Take note of those levels and trade safe for it.
Happy pips as always and cheers!
Follow me on tradingview
Like and share this trade idea with your friends
Thank you and have a nice day everyone!
CADJPY Long positionLet try with me a setup with a very huge Risk/Reward. Can we take profit of this trade? Let see :)
Important Rejection From CADJPY!!!To get a clearer picture of CADJPY, do take a look at your daily chart. We can see a nice rejection off 81.70 price level, where we should expect a direction from there. No break up to the upside, instead we see a BEARISH rejection to the downside which signals to us that BULLISH movement have temporarily come to a stop. I will see 80.40 support level breaking followed by movement towards 79.68 support level (0.5 fib level) where a BEARISH continuation could bring us to a second level @ 78.80. (78.6 fib level)
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
CadJpy- Sell rallies is my strategyAfter almost 2 weeks since I call for a drop, CadJpy finally went down and reached my target in just one day.
As I said, 80 zone is support and I expect a correction from this point.
Rallies should be sold for a break of 80 support and a new leg down that can reach the next important support at 79
CADJPY - Sell biased for nowHi all traders,
For cadjpy , im looking as a possible H&S formation.
Any buy should only happen if it breaks above the head.
If the grey area shows any reversal or strong rejection, we should be looking to sell this pair downwards.
Follow me on tradingview
Like and share this post with all your friends.
**Disclaimer: All trade ideas are of my own personal view**
Cheers and thank you everyone!
CadJpy- I'm still bearishLast week I said that CadJpy could have found a top at 81.50 zone and a drop to 80 is not out of the question.
The pair is consolidating under this resistance as if is waiting for a trigger.
I maintain my bearish outlook and I expect CadJpy to drop to at least 80 zone. Also, a correction in Oil price would t hurt...
CADJPY - sell biased Hi all traders,
Im still looking to sell this pair and i will take it as a range trading for now.
So keep a good look out for this pair as this week we have some cad news and this pair is gonna be very interesting to get some nice pips out of it.
Any buy will only happen if the top of the range is broke out of it.
Cheers and have a nice day!
Share this trade idea with all your friends and follow me on tradingview for more trading ideas and analysis.
Disclaimer: all trade ideas shared are only of my own personal views, it's not a financial advice, thanks!
CADJPY Bearishprice is bearish can hit lower support zone.
not shorting here will check for some harami candle if i see any good shorting setup
CadJpy- a drop in 80 zone is possibleLast Friday CadJpy has finished the day putting in a big bearish engulfing on our daily chart and also this bearish engulfing translates in a Pin Bar on the weekly chart.
Yesterday we have a Pin Bar on daily from exactly the same resistance and it looks like the pair is ready for a drop.
In conclusion, rallies against resistance should be sold and 80 zone could be our target.
CADJPY, daily tf, bearish divergence at resistanceHello my friends,
I just found an interesting setup to trade right now.
CADJPY formed a bearish divergence exactly below the 81.50-70 resistance.
This is a strong resistance in my opinion and a bearish divergence exactly at this point might push price go down.
Sell CADJPY 81.20
Stop loss 81.95
Take profit 1 @80.40
Take profit 2 @79.70
Disclaimer : I've sold CADJPY from 81.20
Use only 1-2% risk
Good luck
CADJPY - range trading for this pair till breakout happens.Hi all traders.
Im looking to trade the ranges for this pair till we have see a definite breakout for this pair.
Not the best pair to trade, but if u are doing some scalp, might consider to take some pips from here.
Cheers!
CAD/JPY Buy BiasLooking for a buy when the price retracing to the zone box. the trend is very clean to the upside.
CADJPY - retest of the purple areaHi all traders,
Today trade idea for cadjpy
Retracement have started since yesterday.
This pair is still an uptrend pair.
As such, im expecting the re-test to happen today to touch the purple area then immediate bounce up higher n stronger.
Cheers!
CADJPY - trading idea for todayMorning everyone!
This is one of the setup i have for cadjpy
Im looking for today retracement towards the purple area then a bounce from there to go upside even further.
If the retracement doesn't happen, then i shall wait for a breakout above the grey area before entering a trade upwards.
Thank you!
Cheers and stay safe!
Nicely cute signal for CADJPY buyersI would expect an increase in price for CADJPY, Let's see what will happen.
...Take it into the consideration anything can be possible to happen, if it breaks down the support level this idea would be failed.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
CADJPY, 4hr timeframe, bearish divergence in descending channelHello my friends,
I found something interesing in CADJPY pair just now. It looks like this pair forming a small bear flag inside a descending channel on 4hr timeframe.
Previously i took a buy position on this pair but i closed it on entry as it is going sideways for some time and no power in going up.
Price already broken below the channel with a solid candle in the last 4hr candle close. We could expect price to continue going down from this point as there is another zone which acted as resistance. Noticed there is also 50-EMA at this zone so we could say this is an area of confluences.
Sell CADJPY 80.05
Stop loss 80.45
Take profit 1 @79.55
Take profit 2 @79.05
Risk only 1-2% of your equity
Use proper risk management
Good luck
CADJPY - BEARISH BIAS (1:1 RISK REWARD)CAD - BEARISH
1️⃣ WTI oil prices extended the decline in the morning trade in the US, falling more than 2% to below $42 per barrel amid increasing doubts over a recovery in fuel demand after the Fed painted a gloomy outlook for the US due to the coronavirus crisis.
2️⃣ OPEC said that a second prolonged wave of the coronavirus is a major risk for the recovery in the oil market.
JPY - BULLISH
1️⃣ Investors moved into the safe-haven Yen as minutes from the Federal Open Market Committee revealed concerns about the US economic recovery.
=====
TECHNICAL
=====
- We shorting this pair on breaking of current support level in M30 chart + SMA100 area.
- CADJPY in bearish zone.
=====
RISK TO THIS TRADE
=====
- This trade tends to hit stop loss if current market sentiment switch to risk appettite mode.
=====
MONEY MANAGEMENT
====
- Please use only 1-2% risk per trade from your equity.
