Short On CADJPYAs you can see in this smc analysis we have a pullback to the supply zoon after a change of character.
Shortcadjpy
Good reversal SELL pattern at CADJPYUsually CADJPY has positive correlation with BrentOil (attach idea at the bottom)
Sell 83.389
SL - 83.64
TP1 - 82.93
TP2 - 82.24
TP3 - 81.98
TP4 - 81.65
RRR - 1:6.6
BEARISH/SHORT CADJPYDAILY CHART
-Bullish trend broke below 87.187 which satisfied selling pressure
-False breakout around 86.111 creating a new resistance zone around 86.701(lower high)
WEEKLY CHART
-Resistance around 88.516
-Support around 80.906
-Price continuation from the resistance zone shows a bearish trend
MONTHLY CHART
-Resistance around 89.610
-Support area around 82.355
-Price failed to break key resistance zone with a heavy bearish wick creating a lower high creating a sell opportunity
SELL- TP1-85.365(short term investment)
TP2-84.740(long term investment)
SL-87.339
CADJPY SHORT SHORT SHORT? [SIMPLE TREND CONTINUATION PATTERN]CADJPY
1D: Simple downtrend pattern can be seen on the chart. Price Breakout Support zone @ BRN 85.000 (Support Become Resistance)
If Price retrace back to that level... SELL
4H: Price is reaching 85.000 BRN zone. Look for any Candlestick reversal signal (CRS) for entry confirmation would be better.
Targeted entry level:
Sell limit @ 85.000
SL @ 85.500
TP @ 84.000
RRR 1: 2
TAYOR
CADJPY reaching strong resistance zone. TP/SL 40/30Looking to short CADJPY from the strong resistance zone. The level has acted strong resistance 4-5 times. I expect it to act as strong resistance this time as well.
Short CADJPY from strong resistance and sell-off zone 86.49I am looking to short CADJPY from the strong resistance zone. PT/SL = 58/65
