Cadjpyanalysis
CADJPY, Bears are Expected..!As salam alaikum
T.A Review:
Bullish Channel
Consolidating since last Month
Another Falling Wedge
Holding Rejection zone i.e 82
Strong chances of pullback.
F.A Review:
Dollar strengthens and Covid can't be ignored.
FED decisions, NFP,ISM and PMI are on the way
as well. Market will be highly manipulative this
month.
CADJPY high probabilty for 83.70 and 84.20professionals increased long positions 3k by last week, commercials increase short positions 8k by last week. professionals increase 5k shorts in jpy while commercials decreased 3k shorts. weekly key reversal bar made a new low closed off the high dictating for bullish momentum ahead.
CADJPY possibile shortHi Traders,
This is our view on this cross for the next few days.
#CADJPY
SELL 81.425
SL 81.73
TP 80.15
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Any updates will be given in the comment section below
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Trading Kitchen
CADJPY to Follow Have have seen other JPY pairs fall. The CADJPY is a very profitable pair and has less surprising moves than the others.
Once again good morning traders it's Monday morning new week I wish you good luck in your trading. If you like my chart please press like .
Short Positions at market
Stop loss around 82.25
Take profit at 79.16
I will be monitoring this trade thank you.