Continue down, take out yesterdays lowAt some dynamic resistance and the previous days high. Will we continue the downtrend and take out yesterdays low?
Cad-jpy
CADJPY Neutral BiasCarefully watching Price Action as it closes at our ideal level of Support (Major). Waiting for Pattern Confirmation, if price decides to break below then we can use the same level as a level of Resistance and wait for an exhaustion after the completed impulsive move.
CADJPY | Rejected by S1Please support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 82.398
TP1 - 81.966
TP2 - 81.601
TP3 - 81.291
SL - 82.542
Reason: Price was rejected by S1. Strong local downtrend (confirmed by Ichi Cloud)
Please consider entering this position on the price already retraced.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
CADJPY DAY TRADE BUYHere we have a contraction leading to a key level and supported by a reversal candlestick pattern... this looks solid even with the weak fundamanetal data on CAD... CADJPY looks like a bullish one (for now)
CADJPY END OF CORRECTIONStrong bullish wave (A) ended at level 84.55
then corrective wave (B) occurred and rejected from major uptrendline and 78% Fibonacci level at 83.15
Price is supported on key level at 83.05
MACD shows bullish momentum
RSI broke downtrendline
It's expected for coming strong bullish wave (C) to target level 85.00
CADJPY sell signal op [50pips]
ENTRY: 84.100+-
TP: 83.800
TP2: 83.600
SL: 84.330
Chart time frame - 4H
Time for reaching TP - 1-2D
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All best!
CAD JPY SELL (CANADIAN DOLLAR - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current price for sell.
CADJPY Looking to go down !! 100pips!!By now, if you've been paying attention to my previous analysis, you know i always prefer continuation over breakouts! I just think its safer for entries! This pair is a great example! Price just touched a multi year trend line dating back to 2015! I'm in for the SELL for sure, 83.00 could be my final target because of the new up-trend that formed since aug'19 ! A small SL as always and lets go!
What do you think? Le me know in the coments!!
15 min analysis on CADJPYThe price has been rejected by the 200 Ema on the last two sessions
Bullish DV on the RSI
Swapping L50 so the risk will be less (0.5%) I usually risk 1%
Be careful with the sensitivity zone @ 84.400, price might bounce back a little from there
CADJPY sell signal op [60pips]
ENTRY: 84.050+-
TP: 83.750
TP2: 83.500
SL: 84.260
Chart time frame - 1D
Time for reaching TP - 1-2D
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Thanks on supporting!
All best!
CADJPY SELL: Bearish contractionThe RR is very heathy and the last 12 hours of price action have good rejections at a DC level. Finally the contracton is very valid so im in.
CadJpy Short set upcadjpy seems to have reached a strong resistance line an i have entered shorts as after monitoring price action and divergence ect... i feel it is now safe to enter.
plz let me know what u guys think.
Canadian dollar vs Japanese YenThe pair will continue moving higher in the following days after it bounced back from an uptrend channel support line. Japan’s economy is expected to gain from the $121 billion stimulus package introduced by the government to stir the economy. In December, PM Abe’s cabinet approved a quantitative easing (QE) policy as fears of recession creeps industrialized and emerging economies. Japan is one (1) of the only four (4) countries with a negative interest rate. The numbers are expected to shrink as Sweden announces its plan to leave the negative territory. Pushing Japan’s interest rate lower will hurt the economy in the future. This leaves the country with QE as the remaining tool to prevent recession. On the other hand, Canada will regain its former glory and become the eighth largest economy in the world. This was according to Cebr’s World Economic League Table 2020, which predicted Canada to reach the spot this decade.
Bull Still StrongCADJPY is in the middle of a strong bull run so we're just gonna follow the trend until it shows signs that it's turning around or committing a pullback.
BULL TPS:
• 84.088
• 84.407
• 84.818
• 84.889
BEAR TPS:
• 83.598
• 83.320
• 82.895
CAD JPY SELL (CANADIAN DOLLAR - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current price for sell.
WOL3.0 #39 3ºCADJPY sell stop 82.935
SL 83.709
TP 81.39
R= 77.4 pips
Si el precio llega a 82.16, mover SL a 82.778
CADJPY sell signal op [50pips]
ENTRY: 83.000+-
TP: 82.700
TP: 82.500
SL: 83.200
Chart time frame - 1D
Time for reaching TP - 1-2D
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Thanks on supporting!
All best!
Trendline Trading This OneWe're just gonna do trendline trading this week with this pair. Here are the TPs for this pair.
BULL TPS:
• 83.320
• 83.598
• 83.592
• 83.984
Must break and retest last TP before I post more.
BEAR TPS:
• 82.923
• 82.753
If can breakthrough monthly SR…
• 82.479
• 82.239
Must break and retest last TP before I post more.
WOL3.0 #39CADJPY sell stop 82.726
SL 83.438
TP 81.304
R= 71.2 pips
Si el precio llega a 82.012, mover SL a 82.587
cad/jpypotential 60 pip short opportunity here on cad/jpy before looking to take more long positions on this pair but with the fundamentals at the minute the Yen being as strong as it is I believe we will see this pair fall to the 82.7 area. the low of the start of this channel it has broken out of.
risk accordingly good luck
CADJPY short/sellBreak of structure (RISING CHANNEL)
Consolidation after break
Break of consolidation
Taking a 1:2 trade here
*Author not liable for any losses incurred*
