CADJPY LONG with 4x price action reasons to buy. List of confluences:
1. Trendline breakout
2: Higher highs and Higher lows being created
3: Key level breakout
4: Several pin bars candles
CADJPY is currently in a strong uptrend when we look at the bigger picture trend so we will be only looking for buying opportunities. When looking at the daily chart
we can see that price has broken a recent counter trend line which signals the potential end of a pull back. This is followed by bullish market structure as price continues
to create higher highs and higher lows. We can also see a key level breakout and retest. This is further supported by several pin bar candles formed in the direction
of the bigger picture trend and around our areas of interest which include key level area, the trendline breakout and the most recent higher low.
Cadjpytradingsetup
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.
Trading Idea Regarding CADJPYAccording to my analysis CADJPY is going Bearish For Upcoming Week
1- As it made W Shape Chart Pattern break above the Neck Line and go up.... Now Price is going to retest the neck line that has made on daily time frame
2- Price is making nice Quasimodo chart pattern on 4 Hour Time Frame also Suggest it Bearish behavior for the upcoming week
3- Price has break above from 200EMA its possible that it will retest the 200EMA after Breakout
CADJPY Short! Price Action AnalysisPrice is currently trading within Caption zone/s that last saw Tests for rejection to the downside in October-November of 2015.
For price to experience the anticipated drop, CAD has to weaken and JPY has to strengthen inclusive of fundamentals.
Bearish pattern signs have initialized on smaller time frames with rejection at 92.545, which is the beginning of a Caption zone that extends through 94.745.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment, Follow, (...)
Thank you, Happy Trading.
CADJPY Daily Timeframe (Bearish Case)A few days ago I shared CADJPY analysis indicating a bearish pattern on H4!
Today I want to share the same analysis on the Daily timeframe!
Price is approaching to daily trendline resistance zone!
At the same time price approaching a key supply zone!
Failure to break above the zone will be an indication that bears are about to take over!
CADJPY: multi-time frame analysisHi Traders,
This is my view on this pair for the next days
#CADJPY
Wait for the price to reach 89.7 area to look for a trigger.
SL 90.21
TP 85.1
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
CADJPY Expected moveAscending channel is formed in LTF the price might get rejected after 3rd touch and move down towards the previous swing point and then may continue to move upwards . We can take a risk entry at the 3rd touch with 15 pip sl and then hold till previous swing and can look for a buy after the rejection from previous swing with a good candlestick formation
CADJPY: Trade idea.Looking for a BRT (break and retest) here. Watch and wait for bullish price action at the support level. Always enter after confirmations of bullish price action. A bullish engulfer, an evening star, a hammer, a full bodied bullish candle that breaks minor resistance, etc.
Let me here from you in the comments! Like and subscribe, people!
Hi Traders Possible Bullish Continuation on CAD/JPYHi Traders
CAD/JPY (H4 Timeframe)
A high probability, entry to LONG is forming @ 85.083 after the market found support @ 83.588. Only the downward break of 83.588 would cancel this bullish scenario.
Trade details:
Entry: 85.083
Stop loss: 83.588
Take profit 1: 85.965
Take profit 2: 87.460
Take profit 3: 89.897
Score: 8
Strategy: Bullish Breakout
CAD/JPY Time for a reversal?Hi Traders
CAD/JPY (H4 Timeframe)
A medium to high probability, entry to go SHORT is forming @ 83.071 after the market found resistance @ 83.928. Only the upward break of 83.928 would cancel this bearish scenario.
Trade details:
Entry: 83.017
Stop loss: 83.928
Take profit 1: 82.480
Take profit 2: 81.569
Take profit 3: 80.084
Score: 7
Strategy: Bull Trap