cadjpy short termdaily uptrend means we might be able to sneak a bullish entry on this bounce and take some pips
CJ
15 Descending Flat-Bottom- Shorts 15 min Short on CADJPY
CAD weak
Small Drop in Crude-Oil Price
Strong JPY
Looking to short down to ascending trend-line
However, currently within support zone (80.0)
CJ last minute 1:18 4H short callDue to sudden collapse of CAD strength looking at the possibility of a nice risk/reward ration of roughly 1:18 here at least of not more.
Please also check the CAD dilemma chart which is trivial to UJ Seasonality structural pattern on the weekly chart.
CADJPY NEXT WEEK OUTLOOKPullback to weekly zone pending.
Enter on 4hr time frame price action confirmation.
Use appropriate risk and trade management.
CADJPY Long Ahead of USMCAEntry – 82.0
Take Profit – 82.94 – 94 pips
Stop Loss – 81.55 – 45 pips
Been on a bit of a losing streak with my published trades. Seems like the ones I put out there are the ones that fail, but oh well. Even through there’s plenty of volatility with the trade war and USMCA deal, I entered a CADJPY trade. Daily chart. Looking for a reaction off the 200MA (blue line), ascending trendline, and the bottom of the Ichimoku cloud. My take profit is at an area of previous resistance (cyan line), though if this works out I’d guess price will continue rise to the second resistance level.
My concerns for this one is that price is below the 30EMA (green line) and conversion line (red) on the daily chart and price is obviously in a downtrend on the weekly chart with price at/below the Ichimoku cloud and the below the 200MA. Still, I’m not looking for very much relative to that timeframe so I think there’s a chance. The downside risk isn’t huge and worth the try.
Thanks for looking,
Zedro
CJ: Daily Update No entry yet for CJ. We'll be looking for the zone-colored green which is at the 127% extension of the current swing high-swing low and also at the 618% fib of the longer weekly swing low-swing high structure.
CADJPY Short into LongAnticipating a powerful long move where support lines w/ demand zone as well as multiple crossing trendlines. Short to the ideal entry point for some extra pips.
cadjpy long (potential)bear temporarily, fibs, s/r, and Tl indicate possible bullish momentum though
CADJPY. validation for shorts note> this chart is only my personal directional bias, do not take ideas if you are not secure of what you are doing.
waiting for my parameters to decide to sell CJ.
trade with care
CHFJPY LONG - INTRA DAYAnalysis team placed long on CHFJPY @107.344 with 2 intra day targets on 3rd September, 2019:
TP1 @107.506
TP2 @107.644
