CJ
CadJPYPerfect rejection on daily for the 61.8 fib.
I expect CJ to go down and retest the monthly low of Feb., possibly a break of the monthly low since it is on downtrend.
Ill be looking on shorts for CJ.
CADJPY SellLooking for Cj to drop a little bit more to around 86.500, here are the reasons and markup for that bias!
Confirmations:
-Daily: Price is in an uptrend but is looking to pullback and close that gap a little more between my MA's
-4h: Price is still technically in an uptrend but the MA's have crossed over heavy to the downside, price broke below the 61.8% fib and also beneath a strong 4h zone and is now treating both as a strong ceiling, along with that we are having wicks to the upside showing exhaustion and the 8 ema is becoming a dynamic resistance, lastly off of that we are experiencing some good resistance from the 38.2% - 50% fibs.
-1h: When price broke below that yellow zone it was showing it had a hard time coming back above it and several hours ago when it came back to it we had a strong engulfing to the downside, we dropped for a bit then cam up again but again had trouble sustaining the move up because of fib levels and also the 21 sma, long wick this past hour indicated exhaustion and now we are having strong moves to the downside!
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CADJPY SellHere is my top down analysis of CJ starting from the Monthly timeframe all the way down to my 15 minute entry, this is solely for educational purposes and not a trade call for people, but take that idea of you would like. Critique and feedback is always appreciated!
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CADJPY ShortI saw this gartley pattern on the 4 hour chart.
Will be shorting the market with TP Around 83.850
Should be an easy win :)
#securethebag
Cad/Jpy looks like it just made a reversal pattern on 1 hrCJ may correct to make a running flat here. It did wick off the 1.618 extension though, which would coincide with a wave 4, but looking at the weekly down, the running flat makes sense.... But I do see more upside long term and am holding the buy from the bottom.
Cad/JpyCJ appears to be in a buy. It is testing the wave 1 diagonal and is approaching trend line. Would love to see it make a flag at trend line and keep going. If it breaks we may be able to look to the 50% and .618% levels, possibly more. Might get an extended wave this move if it continues to be bullish.
CADJPY Long/Bullish TLCADJPY on a great long / bullish trend line plus broken above my other TL.
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CADJPY ON STERIOD Oil is good and Dandy :) and this will affect CADJPY - call me crazy - I took a long position from 83.613 and I am not getting out until 84.900 just to be safe;)
Enjoy!
CADJPY ShortI will be looking for a movement below the green support on Monday before placing a trade. Overall this pair is trending down and it has pulled back to resistance. I believe this is a good time to short with the proper signals. I will be paying close attention to RSI and MACD. I have 3 TPs shown. The green line is long term support on the weekly. Looking like a good setup though.
CHFJPY longyen seems to be weaking, while do cross pair analysis, many xxxjpy has reached the demand level.
