CAD/JPY Technical Analysis!CAD/JPY is currently on daily trend line, i have also added a supply and demand zone where a possiblity of a further drop can happen but i am looking for it to bounce for a buy OANDA:CADJPY
Cadjpytrade
CAD/JPY is bullish on 4h chart!!!I see some bullish divergence at rsi and macd both also bullish signals on the daily chart too.
Trade with less leverage (5x, 10x) because i made my analysis for long term
Profit Targets:
86.855
87.740
88.250
Stop loss:
84.600
Have a nice day,
Berk
CADJPY - COMING UPDATE NEXT 48HOURSCADJPY seems to be creating a sort of
ending diagonal. this should give some SELL
opportunities.
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
CADJPY - Long OpportunityPrice recently broke with a strong bullish push the daily resistance. Came back now for the retest and gave us a strong bullish engulfing candle, breaking the down trend line of the correction. Now it came back to retest the broken down trend line and showed again some strong bullish presence. Price is also located between the 50 and 61,8 levels os fibonacci of the daily chart push. I`m going Long.
CADJPY SELL OUT - NOWJOIN THIS NOW WITH SL JUST ABOVE THE BLUE LINE
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
CADJPY OUTLOOK w bullish outlook1. Retest of previous weekly structure.
2. Next week we see important CAD data coming in. I have a bullish bias on the CAD GOV hiking rates. So a bounce off this structure for me is expected.
3. Good RR with SL below structure.
*Anything can happen to bullish bias does not mean shit unless we have decent price action around the structural support area.
*Pullback volume is also higher compared to the wave up so next week we will need to determine whether the selling pressure is still there.
CADJPY -SELL BEFORE THE NEXT BULL RUNCADJPY has broken the Fibonacci retracement
level of 0.618. i am expecting this to down to 0.382
which will intersect with the blue support line i have down
thou Stoch RSI has gone into oversold territory i am still expecting some more fall before a bounce back
this will be a strong buy after the final retracement
See previous analysis
like, comment and follow
CADJPY {Upcoming Move}CADJPY is in that area where there will be a nice move coming. Looking to see if price continues to be respected back to upside, or a break lower for a retest to sell back down to next zone. Obviously momentum is moving downside, so it would be better to take sell positions until otherwise. We are also sitting on the 61.8 retracement.
Be patient and wait for the market to show you which way it wants to go. Don't jump the gun.
CADJPY UPDATE - GOING DOWNi am expecting this to go down to the line. once there, will update again
thanks
see previous below
CADJPY Bigger Picture View Down To H1 Time Frame - Good Setup!Weekly (pink): We are currently in wave 4 of the weekly structure. I expect wave 4 to complete to the top of the structure before we will see whether there will be a break of the structure to the upside on this wave or whether there will be a 5th wave to the downside first.
Daily (blue): We are in wave 3 of the daily structure. Interestingly the target for wave 3 is at the same point as wave 4 of the weekly structure. This indicates a strong possibility that the price will move to that target.
H4 (green): The structure that has formed on the H4 time frame doesn't completely tie in with the bigger picture view as it has a bearish formation. I expect that there may be an extension in wave 5 which will complete the larger structure views.
H1 (red): I am sitting on my hands at the moment and waiting for the H1 corrective structure to unfold. As things stand now, I am expecting to see a 5 wave structure formation which would complete at the bottom of the green H4 structure. I will be looking for the long entry from that point.
Contact me via direct message for any assistance required. Analysis on all the majors and their crosses available
Happy trading!
Linton
CAD JPY possible break of rangeAs you can see in the picture price on the daily timeframe is possibly going to break out of the range and a well respected support and resistance level.
We will wait for close of daily candle before we send out ENTRY, SL and TP to our clients.
If you are interested in joining us you can inbox us.
CADJPY - potential longSpotted Head & Shoulder on CADJPY 1H chart. Long biased. Details in chart.. i recommend using Trailing STOP to maximize the pips.
PS: fundamentally, JPY GDP is today 17:30 EST.
Please hit LIKE to support and follow for more ideas..
Vinny
#cadjpy still want to go higher price hi again check this out and i hope you take good profit
my chart is clear so take a look on this
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CADJPY : 1D : Bears Losing Steam. FX:CADJPY 0.11% End of bears action at 82.30 the price is rejecting to go below Monthly Resistance 82.30.
Bulls should be entering anytime soon in next couple of days.
E : above 82.30 to 82.50
SL : 81.95
TP : 84.1
#cadjpy ready for sell againhi again check this out we have dominate on market
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CADJPY testing major resistance, prepare for a potential reversa
CADJPY is testing major resistance at 86.26 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, pullback to descending resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 85.86 (Fibonacci retracement, horizontal overlap support).
RSI (55) sees descending resistance line provide corresponding intermediate resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Box Box Box!CADJPY has been stuck in this range for WEEKS. I have continued to check it's situation however it is still struggling to break 85.75 high and 84.30 low, I will continue to monitor this pair but not really any opportunities to take advantage of until it break this box. Once it does, I will wait for a retest and then enter. Patience on this one guys! Unless you like range trading.....
CADJPY to reverse (40+ pips) then fall (100+ pips)CADJPY to reverse after breaking the support line then continue the down trend.
Cadjpy was formired bullish cycle elliotta Cadjpy was formired bullish cycle elliotta
for giving up trend need open buy stop after broke
85.606 with stop loss 85.480
