CADJPY: GET YOUR SHORTS READY!We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement- then we look for a bearish market structure shift on the 1hr and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
CJ
CADJPY 4Month Macro ViewGood Evening Everyone,
Please watch the entire video to understand my break down and thesis.
As always trade safe set stops set takes and make sure you are always using appropriate risk for your RR.
Happy Trading + Safe Trading = Profits
I'll get back to posting more frequently if we can give this video some love!!!! Cheers
CADJPYCADJPY looks ready to rise, and with oil prices creeping up from their slumber, this pair with CAD being a major exported of the black gold and JPY a big importer, we could see this pair have some volatility with the rises, nice price action on the 4h suggest to buy the pair and aim for the previous high and higher. Good luck ZenFlo
CJCJ is highly correlated to oil price due to Oil being a top export from Canada whilst In Japan it is a top import, what we are seeing on the monthly chart is signs of strong rally, we have inside bar giving us a TP1, and if we see continued Oil price rallies, we could expect CJ to grow higher and higher.
CADJPY Buys CAD JPY coming to 88.509 resistance zone, waiting for a test of this zone then candle confirmation to show heavy bottom wicks, indicating a bearish transition. Supported by the continuous downtrend of the day and weekly charts. Additional confirmation of a fib level. TP at previous zone of 85.0221 SL at previous higher zone of 88.9541.
CHFJPY ReversalAnalysis done on the daily timeframe. If you follow me you may remember i posted a chart predicting the CJ short. FOMC was the main factor behind this move as i didn't expect it to go down as much as it did, but now is a great opportunity to look for buys.
As you can see, i have a trendline drawn. Price has respected it each time it's come down. I also have some key support and resistance levels identified, as well as supply and demand zones. Price has bounced up from the middle zone already and it will probably keep retracing for a bit before coming back down. I'm personally looking to buy somewhere from the bottom pink zone, but it depends how long it takes for price to go down there - I may look to buy from 118.080 instead.
I'm going to wait before i start entering anything.
Updates to follow, follow me to see them.
CHFJPY Short... FinallyCHF has been gaining strength over the past day or so as i've been trading against it. If anyone can let me know why that is, then that would be appreciated, lol.
Anyway, CJ has entered the zone where price last visited at the end of May, and this opportunity is the last one i'm going to take with this pair for this week. I'm looking to short with a SL of about 10-20 pips depending on my entry (will probably have a couple positions on).
Trendline drawn from the daily/4H and we'll probably see CJ drop once that trend is broken. Until then, we may see price bounce up from it for a bit but my bias is long-term bearish.
I'll be targeting up to 150 pips, updates to follow.
CADJPY Trading Plan - 15/May/2021Hello Traders,
Hope you all are doing good!!
I expect CJ to complete bigger correction before going further up.
Look for SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.