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Cad-jpy

💡 Don't miss the great sell opportunity in CADJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (81.45). 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 35. Take Profits: TP1= @ 80.90 TP2= @ 80.46 TP3= @ 79.81 TP4= @ 79.21 TP5= @ 78.35 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 ❤️
Short
by ForecastCity
18
💡 Don't miss the great sell opportunity in CADJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (81.45). 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 35. Take Profits: TP1= @ 80.90 TP2= @ 80.46 TP3= @ 79.81 TP4= @ 79.21 TP5= @ 78.35 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 ❤️
Short
by ForecastCity
15
CADJPY TP HIT😍🎁🎉Take profit was hit after a nice break of the support trend line on 4h TF. The past week and today, CADJPY has made me some decent profit. We had a nice Head & Shoulder indicating a reversal which went to plan, I took a sell position from the 3rd touch of the trend line resistance on the right shoulder, along with this, we seen 2 bearish flags formed also showed more bearish momentum. This may be my last trade of the the week as we are coming up to Christmas, this will all depend on NZDCHF breaking the neckline of the Head & Shoulder on the 4H time frame, this will be shown in my "related ideas" below which you can check out. If you check all my published ideas, you will see that majority of my ideas were profitable so it would be much appreciated if you followed for future trade set ups. If this is my last trade of the year, I wish you all a Merry Christmas and good luck on your upcoming trades.❤
by fxpays
4
POTENTIAL SELL ON CADJPY!!Hey guys, On my last CADJPY idea, I had stated that we was seeing a Head and Shoulders pattern, this pattern was respected by market price and reversed and broke the neckline to the downside with strong bearish momentum just as I expected. Along with this, we also seen bearish flags indicating more moves to the downside showing bearish pressure. Right now we can see that market price has broken trendline support and we MAY see market price continue to the downside. Head and Shoulders: It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder). A “neckline” is drawn by connecting the lowest points of the two troughs. The slope of this line can either be up or down. Typically, when the slope is down, it produces a more reliable signal. Bearish flag: A bear flag is a bearish chart pattern that’s formed by two declines separated by a brief consolidating retracement period. The flagpole forms on an almost vertical panic price drop as buyers get blindsided from the sellers, then a bounce that has parallel upper and lower trendlines, which form the flag. During the consolidation, traders should be prepared to take action should price break down through the lower range level and/or make a new low as this indicates the bears are in control again to force another sell-off. When the lower trendline breaks, it triggers panic sellers as the downtrend resumes another leg down If you find this idea helpful... Please feel free to like👍 Follow us for more ideas💙 Drop a comment below on what you think🗨 Good luck on your trades and Merry Christmas🎁
Short
by fxpays
UPDATE ON CADJPY!! (H&S NOW VISABLE)Hey traders, If you see my CADJPY idea on my page I had stated that we may be seeing a potential Head & Shoulders pattern forming. Its been over 24 hours and the Head & Shoulders is now visible. Right now its a waiting game to see where price moves to next, I have set an alert at the neckline to make sure I don't miss the trade if price respects this pattern. In trading one of the most important aspects of trading is having patience, this is one aspect of trading that majority of traders don't have, so I suggest setting an alert just below the neckline and wait it out to see if we do get a potential selling opportunity. AS ALWYAS IF YOU WISH TO USE THIS IDEA PLEASE ENTER AT YOUR OWN RISK! PLEASE LIKE AND FOLLOW AS IT IS MUCH APPRECIATED! STAY SAFE AND HAPPY TRADING.
Short
by fxpays
8
CADJPPY possible scenarios 🦐CADJPY is trading within a range and attempt to break the 81.900 level without success. The price is moving on an ascending trendline and will probably look for a retest of the weekly support at the 81. level. IF the price will break below the support area we will set a nice short order according to Plancton's strategy. --–– 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Short
by InkyGrip
10
CADJPY - Brewing for a great high conviction trade!CADJPY - Not a currency I trade often, that's due it being a yen pair - USDJPY - I don't know what really moves that market sometimes it is yields, mergers etc. But this may differ for you, with the way you trade. However, by just looking at the technicals of CADJPY - being a cad pair it seems like a nice longer term trend will be brewing for the weeks & months ahead - Remember we are getting to the end of the yr. I will have my 2021 year ahead outlook coming out soon! Stay tuned... Technical outlook CADJPY: Even on the monthly - we are at a very key resistance zone area! Weekly resistance as well stands: 82.110 area is very key resistance if we breach above that the next resistance area is between 83.800 - 84.730 areas. Support zones: 79.130 - 77.890 Pattern wise: Double bottom, measures to next resistance zone: 84.730 areas. (Or it could range and just form a wedge or triangle formation). Until we've not broken the resistance zone of 82.100 areas there is no long trade idea, you could trade the retracement trade towards 50 EMA which measures a nice support areas of: 80.110. If we break to the downside on the trendline up in yellow bears are in control and that would take us to support areas 0.23 fib area is a nice support zone. When I did go to smaller time frames, like the 4HR - There was a beautiful channel - Which a break of that to downside or continue to go up could be a great trade idea for next week either direction it goes to. Key tip: Go to the lower time frames, take advantage of the high conviction pull back or trend trade ideas you might be able to develop depending on your trade plan. Have a great week ahead. All the best, Trade Journal (TJ) Remember: Just a trade idea, not a recommendation
by Trade_Journal
4
POTENTIAL SELL ON CADJPY!! (H&S FORMING)Hey traders, This week I am currently looking at a potential sell on CADJPY, as you can see from my chart, we may be looking at a potential Head and Shoulders forming. Before I do enter a sell position, I will be looking for a break of support as you can see from the green marked area which I have drawn. You may be wish to enter when the candle has closed below this area or you can short on a break and retest. As always if you do wish to use this idea, PLEASE ENTER AT YOUR OWN RISK!! PLEASE FEEL FREE TO GIVE THIS IDEA A LIKE AND ALSO FOLLOW AS IT IS MUCH APPRECIATED!! STAY SAFE AND HAPPY TRADING.
Short
by fxpays
4
CADJPY possible scenario 🦐CADJPY after the nice bullish impulse found resistance at the 81.500 area. The price from the start to consolidate and provide us different scenarios. The market can move for a retest of the weekly support at the 81 level or if the bulls will have enough strength can move straight above the resistance area. When the price will break above the 81.500 zone we will be ready to set a nice long order according to Plancton' strategy. --–– 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
14