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Cad-jpy

CAD/JPY Symmetry 4 Hour chartHello Traders Today i'm sharing this 4 hour chart of CAD/JPY and without looking at Indicators i can tell we are heading to another uptrend. you can become a successful trader by just looking at the market structure and symmetry. In this chart we can see 2 patterns a very hard to catch bullish triangle and a bearish head and shoulder pattern. See how easy you can predict where price will go after you identify this pattern and after the breakout occurs. For a triangle pattern you measure the widest part where the triangle begins and for a head and shoulder pattern you measure the top of the head to the bottom of the shoulder that will tell you where the market will retrace. after identifying this patterns i applied Elliot wave theory and we are currently at the beginning of an impulse hope you guys find this post interesting, if you have any opinion feel free to post
Long
by AlexPalmaFXTrader
CADJPY WEEKLY OUTLOOK JUNE 15-19CADJPY is looking to fulfill an inverted head+shoulders pattern based on the 4H and lower timeframes. The markets reacted this week with the Federal Funds Rate being kept at 0.25% for the USD. The markets have reacted strongly to that decision and has showed signs of trend reversals/USD strength in most pairs. The criteria I am looking for regarding this pair is 1 of 3 things. A 4HR bullish closure above 79.495. Whether that be a bullish engulfing candlestick, bullish inside bar pattern, or a bullish pin bar candlestick. This should take this pair to 80.490, which would equate to about 98 or so pips. Patience is key.
Long
by drewillixms
CADJPY - SWING - 09. JUNE. 2020Welcome to our weekly trade setup ( CADJPY )! - 1 HOUR Bearish open and break below main sr level. 4 HOUR Expecting another push to the downside following short/midterm trend! DAILY Great short entries, prices in pullback and about to drop! - FOREX SWING SELL CADJPY ENTRY LEVEL @ 80.320 SL @ 81.690 TP @ 78.480 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
Short
by DACapitalTrading
8
CADJPY: Short Wisely with Inside Bar Pattern CADJPY reached a key structure resistance. dew to high volatility and very sharp bullish rally we need an additional confirmation to short the market. on 4H the price has formed a classic indecision pattern - inside bar. 6 candles are now trading within the range of the last strong bullish candle. to short wisely we need a 4H candle close below the underlined range. then we can short aggressively or on pullback. if this condition is met, chances will be high that the market will drop at least to 80.875. if not, I would not trade at all :)
Short
by VasilyTrader
6
CADJPY Short Trade *DAILY FIB*CADJPY is rejecting the daily fib 0.618 level and showing strong "overbought" levels on the 4hr chart. The last bullish wave is looking very overextended and I am keen to see a pullback in to previous structure and bullish 4hr TL. If the daily trend is correct then this 0.618 retracement should see price go back down to the previous lows (support) at 73.800. Longer term (months) if that support breaks then new lower lows could be made. The -0.27 fib extension level would be a good target at 70.800.
Short
by UnknownUnicorn772665
1
Simple & Profitable Strategy for a Sell Opportunity on CADJPYTrade Idea: This pair is in an overall downtrend, so my bias is favouring sells than buys. I'm looking for a break of the yellow trend line (Conservative Entry) and/or a retest of the orange RSI trendline (Aggressive Entry) to enter a sell towards the projected TPs. Technical Analysis: * This pair has break the short-term support now resistance zone, and its now retesting the S/R zone. * Price has a slight bounce from the 200EMA and EMA14/21 is acting as resistance. * A bearish rejection candle confirming my bias and rejecting from the short term S/R zone. * RSI 14 (hlc3) has broken the upward trend line and is retesting that trend line, the RSI 14 is also below 50, indicating that sellers are gradually taking over for this pair. *Please note that any trades you decided to take are of your own risk. All trade ideas published here are for informational purposes only and are my personal trades.
Short
by JKFXTrading
WTI, USOIL Downside Target for Jun Wk. 1Great RR sones, with stop losses wide well above levels that would stop out most over-leveraged robinhood monkeys. Great RR with downside potential that is on the same macro economic modeling that hedge funds based on the cyclical valuations summer demand supply on countering including the impact of COVID-19. Downside weekly target of 28 per barrell. The U.S. dollar was weak last week, but I suspect strength will be gained this week by the dollar. DXY
TVC:USOILShort
by TayFx
4
CADJPY iDEA :: There is a huge difference between Technical Analysis , System and an EDGE ; You can't taste consistency by relying only on Technical Analysis .. You can't either taste it by relying only on your System .. You should have an Edge , which is a combination between Technical Analysis and a Trading System ; Then, you use the Technical Analysis to study the markets well , and you use your System to ewecute your trades . Personally , i execute my trades only when my system tell me to do so .
Short
by pinescripter_maroc
4