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Cadjpyanalysis

CADJPY Potentially Turning BEARISH from here...In this analysis, I will be looking into the wick fill trading strategy. From our chart, we can see that price level has filled our level according to our wick trading rules. With that, today's candle should close below 23.6% fib level. If so, I will be expecting a move to 61.8% fib level with a potential BEARISH continuation till 161.8% fib level. This give us two levels to keep an eye on when shorting this pair. 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 short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **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
Short
by GWBFX
1
CADJPY – Nice BIG shifting of direction is happening!If you’re following my analysis, maybe maybe you guys are already bored with this, .. and I don't know how many times I've said it,.. but I want to say it once more,.. just be careful,.. the direction is starting to shift now,.. We are already seeing some nice shifting of direction these past 2 days and I’m expecting this to continue for a very long term. The way the market move recently is a typical move and structure that I recognize to repeat itself and play over and over again. All risk currency keep going higher and higher in a corrective structure. Evenmore, they break significant inflection point area in daily timeframe just to retrace back impulsively like this. This is a common price move to catch more and more people on the wrongside of the market before the big real move start to happen. I do believe starting from now we will start to see a risk-off mood across all currency pairs, and when it does play, CADJPY is surely one pair that we must keep an eye for. In this pair, we can see a really nice ascending structure in multi high TF and it already showing us a nice rejection from the top of it. I will wait for any break of continuation flag structure (minimum in H1 TF) to confirm the move to the downside. I will just let the target open while trailling sl along the way as the market start to give a momentum. Lets see how far can this pair go. On another hand, eventhough I see it as a least probable outcome, if the price break above the 25th February high at 85.100 area, it will nullify this forecast and I will wait for the market to shows it hand first by forming a better structure to see. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
6