CADJPY ANALYSISCADJPY broke uptrendline
Price is based below supply zone at level 81.45
Below SMA 100
MACD shows bearish momentum
RSI is in downtrend
It's expected the continuation of bears power to target HVN at level 80.22
Cad-jpy
CADJPY a bullish triangle? 🦐CADJPY on the daily chart is consolidating below a strong resistance structure.
The market on the 4h chart is creating a bullish triangle pattern.
IF the market will break and close above the 81.500 level we will set a nice long order according with Plancton's strategy.
If the condition will not trigger we can monitor the pair for a possible short below 80.750.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
CADJPY still bullish 🦐CADJPY after the break of the range between the 2 daily structures has moved in a higher high higher low.
The market is now breaking the daily resistance and we can expect a move till the upper monthly discending trendline.
IF the market will close above the daily structure we can set a nice long order according with Planctons strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
CADJPY approaching support, potential bounceCADJPY is approaching 81.121 where it could potentially rise further to 81.582.
A break above our upside confirmation could see a bullish acceleration to our first resistance target. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
CADJPY: potential trend reversal''SELL MARKET ORDER''
Asset: CAD/JPY
Date: 06/09-2020
Timeframe: 2h
Risk: 3%
Why sell?
Gartley '222'
bearish hidden divergence
Fibonacci triangle
This pattern happens to be a Dark Cloud Cover on the daily timeframe:
Good luck to all trading this pair!
What I'm seeing on CADJPY!In addition to my previous analysis on CADJPY, my trend lines have formed a rising wedge pattern. If this pattern holds the text book way, then we could be going all down. Until then, Lets see
CAD/JPYWe see a global downtrend channel. After we had touched the support line of this channel, we formed an up trend channel. It heads to the resistance line of the down trend channel. Possibly there will be some reversal breakout.
Best regards EXCAVO
What I'm seeing on CADJPY!If trend line holds then we should be going short. If it breaks, then we've gat more room to rally. Lets see
CAD JPY SELL (CANADIAN DOLLAR - JAPANESE YEN)Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
CADJPYHello traders, this is full analysis for FOREXCOM:CADJPY .
I highlighted the important point here with the red breakout circle. If the price goes below this point I believe the downtrend is confirmed and a short trade is appropriate...
Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (81.1). 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 32.
Take Profits:
TP1= @ 80.50
TP2= @ 79.93
TP3= @ 79.50
TP4= @ 78.97
TP5= @ 78.40
SL: Break Above R3
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Now, It's your turn!
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Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (81.1). 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 32.
Take Profits:
TP1= @ 80.50
TP2= @ 79.93
TP3= @ 79.50
TP4= @ 78.97
TP5= @ 78.40
SL: Break Above R3
❤️ 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 on the break of 4h structure 🦐CADJPY on the 4h time frame has retraced till the 0.5 of the previous leg.
Market found support on the structure and now testing the upper resistance structure.
Based on our strategy we can expect a break and continuation of the bullish trend.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Re-entry into CADJPY with a wider stopPreviously got stopped out, but re-entering as market opens. Still bullish for the following reasons:
1. Price making higher lows
2. Latest level is holding up. Price pulls back to 79.90 but fails to break lower. We end up stalling at this level.
Former support retestPrice is moving in downward channel. This is very similiar setup as that of GBPJPY.
CADJPY bullish perspective by ThinkingAntsMain items we can see on the chart:
a) The price reverse from a major support zone
b) Currently, we can see a corrective structure
c) The resolution of these structures from a technical perspective are on the same direction of the previous impulse (they are called continuation patterns)
d) Based on the breakout we have observed, we expect a continuation of the bullish movement towards the next resistance zone (descending trendline)
CADJPY on the fib level 🦐After our last call on this pair, we look for another opportunity.
The market has been moving in higher high higer low formation and now just retraced till the 0.5 fib of the previous leg on a previous 4h structure.
IF the market will give again a sign of inversion for a new leg up we can set a nice long order according with our strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
