CADJPY trade ideas
CADJPYCADJPY price is near strong resistance level. 116.883-117.424 If the price cannot break through the 117.424 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
*Always follow your trading plan regarding entry, risk management
CAD/JPY APPROACHES RESISTANCE LEVELPrice approaches resistance level in weekly chart. If demand increase by breaking above 117.252 then, a buy opportunity continues. Coming week, we anticipate inflation rate release from Canada. This news release will have impact on the market. We keep track of price movements to capitalize on any opportunity that may arise.
CADJPY sellIt's a very interesting pair and a trade to take, A clear imbalance being filled by a movement of struggle heading to our POI, another thing to keep in mind is the liquidity sitting above the POI. I will personally be taking this sell trade without waiting for confirmation to make great risk to reward..
CADJPY: Bearish Continuation & Short Trade
CADJPY
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell CADJPY
Entry Level - 115.18
Sl - 115.63
Tp - 114.41
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
CAD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 112.973 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
CADJPY: More Growth is Coming 🇨🇦🇯🇵
CADJPY look very bullish on a daily time frame.
I see a confirmed violation of a neckline of an ascending triangle formation.
Because the pair is trading in a long term bullish trend
the growth may easily continue.
Next resistance - 115.4
❤️Please, support my work with like, thank you!❤️
CADJPY What Next? SELL!
My dear subscribers,
My technical analysis for CADJPY is below:
The price is coiling around a solid key level - 114.80
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 114.37
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
Plan SELL CADJPY zone supplyI see a SELL opportunity in CADJPY with several sell setup considerations
1. There is a bearish flag or channel formation on the 4H TF.
2. DBD supply zone
With this consideration, we take a SELL setup if the price enters the supply zone.
Still consider trading risks.
Note: this setup is not trading advice. All risks are not our responsibility. Happy Trading
Potential Short CAD/JPYIn daily time frame, today possible will generate a shooting star (not completed yet).
The price is closing to a long term up trend support line
MACD in 8 hours time fame has divergency. MACD retraced and touched pressure line and 0 level line.
Slow Stoch in 8 hours time frame is in over bought level and crossed.
Guppy in 8 hours time frame is contraction.
Try to open short order is the price break the short term up trend line to south.