CADJPY these pair really reacts when trump talks lol
Canadian Dollar / Japanese Yen forum
CADJPY these pair really reacts when trump talks lol
CADJPY CAD/JPY Technical Analysis: Potential Continuation of Downtrend Amid Key Resistance Test
CAD/JPY remains in a broader downtrend, though recent price action has formed a symmetrical triangle, indicating potential accumulation. The pair’s movement suggests that the Japanese Yen is gaining strength, while the Canadian Dollar remains within a narrow consolidation range.
Fundamental factors, including today’s anticipated speech from former U.S. President Donald Trump, could introduce volatility, particularly if trade policy announcements impact market sentiment.
From a technical perspective, the pair is correcting after a false breakout above 103.56 and remains below a previously broken support level. Price is currently testing a key resistance zone at 104.90, where a false breakout against the 0.5 Fibonacci retracement is forming. A confirmed breakdown below 104.69, followed by a breach of 104.525, could reinforce bearish momentum.
Key Levels to Watch:
Resistance: 104.900, 105.36, 105.74
Support: 104.525, 103.56
Given the ongoing consolidation within the downtrend, a continuation of bearish movement remains the primary scenario. However, upcoming fundamental developments could influence volatility and market direction.
CADJPY well I have just entered a sell, aiming for 102 area or so let’s see how that goes my sl at 106
CADJPY pure price action.
CADJPY im not sharing post results, I shared this before the market actually moved this direction... LETS GOO!!
CADJPY what's up with this pairCADJPY you selling now?This pair has high spreads🥲
CADJPY i see broken structure on 4hr and 1hr and breaker block formed on the hourly so im not sure why yall buying this until momentum is shifted. liquidity was swept but know the difference between a liquidity sweep and a liquidity run . this is a run
CADJPY selll sell sellCADJPY waited for the sell liquidity to be grabbed, now im chasing the PDH 1h.trade the session correctly
