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CADJPY

CADJPY PLAN!Hello traders around the world! My name is Alexandre Karim and today we will be talking about CADJPY. CADJPY is forming an ascending channel on the higher timeframe and following multiple touches on the upper TL. I will be focusing on the short on these 2 areas: 1) High of the middle section at (101.791) 2) Third touch on the upper TL at around (102.700 / 103.500) In these two areas, I'll be focusing on taking a reversal pattern for a short position. If the price breaks the lower TL around (100.300) area, I'll be waiting for a continuation pattern for more downside. Patience is key. Wait for quality set ups. #THEPRIMES
Short
by alex_k_95
CADJPY ____ INCOMING BEARISH DUMPHello Guys, This pair has entered the weekly FVG but before doing that, it took out enough buy-side liquidity as marked on my chart. The pair had printed a bearish price structure on the monthly timeframe which explains why we should expect a bearish move to the marked TP on my chart. I will go to lower timeframes most especially the 1-hour timeframe to look for my setup to take an entry short. That's all folks. If you have a question regarding this trade idea, let me know. Cheers, David
Short
by jabariofafrica
1
CADJPY: Retested Bullish Trendline, Continue its Bull Run Again?Hello Fellow Global Forex Investor/Trader, Here's an Outlook for CADJPY! Price Action Analysis 1. FX:CADJPY has retested on the multiple rejection area and Bullish Trendline 2. Then, forming a Falling Wedge, the pattern indicates a bullish continuation pattern 3. Breakout of the pattern confirmed the possibility of the upside movement 4. The MACD Indicator also made a Golden Cross, signifying the possible upside movement to the target area. Other Technical Drives : 1. JPYBasket is moving in the bearish trend or below EMA200 2. Breakout of the Rising Wedge indicates a possible continuation of the bearish trend The roadmap will be invalid after reaching the target/resistance area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CADJPY"
Long
by financialfreedomgoals101