Cad-jpy
CADJPY for new recent highs? 🦐CADJPY is moving inside an ascending channel.
The market is now consolidating below a minor resistance nearby the recent highs.
According to Plancton's strategy, if the price will break above, we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CADJPY is facing bullish pressure, potential upside | 3 Mar 2021Price is facing bullish pressure from our ascending trend line where we could see an upside above this level.
CADJPY is facing bullish pressure, potential upside | 3 Mar 2021Price is facing bullish pressure from our ascending trend line where we could see an upside above this level.
CADJPY facing bullish pressure CADJPY is currently taking support from an ascending trendline. Price could pullback to 1st support which coincides with the 61.8% Fibonacci retracement before bouncing up to 1st resistance which coincides with the 100% Fibonacci extension . If prices fall further below our entry, then our stop loss can be placed just at the trend line where it coincides with the horizontal swing low support and the 61.8% Fibonacci extension . EMA is also below the prices, suggesting that price might be bullish and react off the EMA .
CADJPY facing bullish pressure CADJPY is currently taking support from an ascending trendline. Price could pullback to 1st support which coincides with the 61.8% Fibonacci retracement before bouncing up to 1st resistance which coincides with the 100% Fibonacci extension. If prices fall further below our entry, then our stop loss can be placed just at the trend line where it coincides with the horizontal swing low support and the 61.8% Fibonacci extension. EMA is also below the prices, suggesting that price might be bullish and react off the EMA.
CADJPYI have a sell position at 84.505 SL above recent high at 85.135
JPY usually get stronger in March because of repatriation of yens for tax purposes. The tax return for 2020 has to be filed between February 16 and March 15.
CADJPY LongsLooking for rejections off one of the fib levels to take CADJPY long towards the fib extention targets
Trading Signal For CADJPYTrading Signal:
There is a Trading Signal to Sell in CADJPY Currency Pair.
Traders can open their Sell Trades NOW
If you liked our ideas, please support us with your likes 👍 and comments.
CADJPYI have a sell order at 84.626 SL above recent high at 85.135
JPY usually get stronger in March because of repatriation of yens for tax purposes. The tax return for 2020 has to be filed between February 16 and March 15.
CAD/JPY UPDATE ANALYSIS ( H&S)Good evening peeps , at 1 hour time frame it looks very promising and it's forming a head & shoulder pattern . Do keep a look out and please share your idea about it in the comment below :)
CADJPY - SWING - 22. FEBR. 2021Welcome to our weekly trade setup ( CADJPY )!
-
1 HOUR
Very bearish market open!
4 HOUR
Overall turning market structure..expecting more downsite.
DAILY
Expecting prices to push towards previous lows.
-
FOREX SWING
SELL CADJPY
ENTRY LEVEL @ 83.380
SL @ 83.800
TP @ 82.800
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
CADJPY - Pullback TradeCADJPY on the weekly has broken out of the major descending channel (See below) so right now we can anticipate a pullback back to retest the channel and the ascending trendline. Watch for break of the smaller ascending trendline a form of retest before entering.
Find this helpful? Give it a like!
CADJPY - Pullback Trade CADJPY on the weekly has broken out of the major descending channel (See below) so right now we can anticipate a pullback back to retest the channel and the ascending trendline. Watch for break of the smaller ascending trendline a form of retest before entering.
Find this helpful? Give it a like!
CAD/JPY ANALYSIS BEARISHAccording to my analysis for daily time frame shows a bearish-wedge and as for 2hr time frame shows a rejection.
any thoughts?
CadJpy Boncy BouncyPrice attempts to move to upper half of ascending channel and gets rejected.
Now retesting last support, if support fails to hold the price above then red candles show the way
===========
* If you like this idea please leave a comment so we can talk about it
* Remember that it´s never a straight line to the target.
* BIG profits to you ALL!!!
===
I am grateful to have been taught by God and myself on trading. My money grows every day.
CADJPY will retest the support? 🦐CADJPY after our last analysis broke the range and created an impulse untile the 83.700 level over a daily structure.
The price is close to the upper trendline of the channel and according to Plancton's strategy, if the market will retest the support and give us a sign of inversion we can set a nice long position.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
💡 Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (83.55). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 83.10
TP2= @ 82.70
TP3= @ 82.30
TP4= @ 81.70
TP5= @ 81.00
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CADJPY is approaching key resistance zone, potential drop !CADJPY is approaching key resistance zone, potential drop !
CAD/JPY, amazing growth possible🧙🏻♂️CAD/JPY is on a strong bullish run and it looks like it will keep on rising. We will be looking to open LONG positions around the current price and aim for the 84.5 area of resistance🙌🏻
CAD/JPYAs price broke the bearish channel, we can deserve higher prices for loonie.
.
.
.
We can go long but with low risk. buy in best price to have a proper RR ratio.
CADJPY: SELL We see major potential for SELLS on CADJPY, however, do keep in mind that we expect this pair to also be quite Bullish into next month or April 2021.
Drawing out two scenarios on our analysis here: we are hoping for Scenario 1 this week (but we will see).
If you would like to enter a SELL at 84.551 , expect to exit (TP) around 81.543 (which was a previous level of support). However, this pair may move within that range drawn out in Scenario 2. So keep an eye on this one.
