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Cadjpyanalysis

CADJPY Reaching A Level of Resistance!!!As we see a strong BULLISH movement upward, price is reaching closer to a 461.8% fib movement. Also, there is a strong resistance level @88.86 price level where I expect some BEARISH pressure on this pair. We could be eyeing for a potential short position from there towards 361.8%. If the BULLISH strength remains, we should see a rejection there, brining price to a higher level. However, I am anticipating a larger retracement as of now. With that, I see price potentially heading towards a strong support @84.94, also where we might see a rejection from the cloud. Definitely, if price continue breaking out of the cloud, our BEARISH bias will still stand. For that, I will update when price heads closer to that level. As of now, I see a short opportunity till 361.8% fib level and possibly support level @84.94. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
CADJPY AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. targets: 87.35 - 86.7 - 85.9 after first target reached move ur stop to breakeven stop:~88.4 (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 4.5 risk is justified Good luck everyone! Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. If i help you TO EARN SOME MONEY i will RLY VERYVERY appreciate for ur donat! Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions(PM to me).
Short
by trytofeelpositive
CADJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
CADJPY, 4hr tf, double top pattern in play Previously i managed to took profits on this pair for +105 pips when i first call to sell it on Tuesday. It is now retracing back up on a nice point to enter sell again after yesterday BoC meeting. As you can see there is a double top pattern in play and we might see another drop soon on this pair as risk off sentiment and oil price on the verge off dropping. Sell CADJPY 86.40 Stop loss 87.00 Take profit 84.40 (3.3R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
CAD/JPY BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you. As always we will have to waot for a confirmation! CAD/JPY: Day-Swingtrade-Preparation Yesterday we`ve seen the first step towards a tighter monetary policy when the Bank of Canada announced it will lower its quantative easing and so the liquidity they provide to the market as the economy improved way better than expected. Additionally, there were hints about upcoming rate-hikes, which is why the Canadian Dollar pumped very hard. Market-Buy: 86.590 Stop-Loss: 86.100 Point of Risk-Reduction: 87.115 Take-Profit: 88.130 Stop-Loss: 49 pips Risk: 0,5% -1% Risk-Reward: 3,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
4
CADJPY, 4hr tf, more downside expected on wave-CAs you can see we're on ABC correction after completing all 5 waves. The B is a triangle and we might see another 5 smaller waves to the downside. You could also see that pattern as descending triangle or bearish flag, it is up to you how you see it but it should be clear as bearish continuation pattern. Wait for price retrace around 86.70-75 before entering sell. Sell CADJPY 86.75 Stop loss 87.15 Take profit 85.05 (4.25R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX