CADJPY-Short#CADJPY
Market was recently unable to cross cluster of resistance instead break a strong support and retested it. SO here is a good selling oppurtunity.
Cadjpyforecast
CADJPY Bearish Analysis (Risky Trade)For the past few days, we witnessed some JPY strengths which as a result CADJPY was pushed down!
Technically the structure is downtrend BUT WE CAN NOT IGNORE THE PRESENCE OF a SUPPORT ZONE AT DAILY TIMEFRAME!
So if we observe any reversal pattern candlestick formation at daily support zone or lower timeframes like H4 and H1, it might be a good sign for bulls dominance on CADJPY!
Zigzag Wave @ CADJPY - BUY PAIRFriends,
CADJPY/EURUSD and GBPUSD are all correlated. Compare them using Daily TF if you feel like verifying.
Am going long with multiple positions strategically trapped inside the yellow box area. You might want to you stop and limit orders.
Feel free to sit this one out if you have already opened GBPUSD or EURUSD trades. Ultimately do not trade this signal if your trading system does not allow you to risk your capital on corrective or zigzag waves.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
FX:CADJPY
CAD/JPY SELL SIGNAL...VIEW
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE
cad/jpy good short position cad jpy was in bearish momentum and went down to the 84.400 very strong demand level and cane back to 87.100 for a retest
look for bearish confirmation on lower time frame and enter short with your own money management
always remeber patience with discipline and money management is the key to success
SHORT CADJPYSHORT CADJPY @ 87.40
TP @ 85
SL @ 88.55
I have decided to sell CADJPY prior to Jackson Hole on Friday as I feel that USDCAD is reaching support lvls and will rip soon. If that is not the case and the USD decides to sell off, well then USDJPY will push lower driving CADJPY lower. We also have key resistance and pivot lvl at 87.40 this making it a good entry for me. CADJPY has rallied a lot in the last week and I feel it is running out of steam up here thus I anticipate the next move in this pair will be lower.
Good luck!
CADJPY Short Analysis Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
CADJPY Long into 88.950 and 90.000 (Extended targetTop-down analysis
Monthly - Long wick
Weekly - 5 wicks rejection on 87.250
- Previous weekly closure Long wick
Daily - Made a higher high
- In the last 3 days, made a Momentum
4H - Corrective
- Correlated with market structure
- uptrend structure
Confluences
a. FIB 61.8% ( If from push and its corrective
b. FIB 38.2% ( From a to b )
Short Vision on CAD JPY for 10/08/2021Hello Dear Traders,
You find below my analysis for CAD/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame CAD/JPY will fall to 87.4 as I am showing in my chart. Our Daily Goal is 87.24.
Currently, CAD/JPY is moving towards the resistance level 88,where there is some liquidity from this value we are looking for short-term selling opportunities of CAD/JPY.
Good Luck and enjoy your Bearish Market for today.
Entry:@88
TP1: @87.75
TP2: @88.55
TP3: @89.25
SL: @88.2
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
CADJPY Short IdeaCADJPY failed to break through resistance and it also closed in the daily timeframe as a bearish pin bar. Also, in the weekly timeframe there's some sort of head and shoulders formation. Overall trend is bearish in the daily timeframe. If you are taking this trade, try not to risk more than 2% of your account. Good luck and have a successful trading week.
CADJPY Bearish possible target 86.10#cadjpy, cadjpy weekly chart forming lower low and lower high, 87.90 & 88.30 supply zone for short. stop loss might be 88.70-80. target for short is 86.10.
CADJPY Let me remind you that in my previous analysis I have mentioned selling opportunity , and it turned out great. Now as we can see price is making bearish correction and approaching on structure level. I am expecting great opportunity again on above levels. Remember Rejection will be considered on structure level. The CAD index is doing bearish correction and then dropping and JPY index is strong. So overall we should have a good short opportunity coming our way.
CADJPYTP 87.40
Follow, like and share. Thank you.
Could see more bearish movement on JPY next week if we cant break above this trend.
CADJPY good short position CAD JPY is going down respecting the price action and chart patterns
look for bearish confirmation on lower time frames ans enter short with your own money management
always remember that patience is the key to success
CADJPY 15min ANALYSIS (SELL)In this analysis we sell this pair because of a strong resistance above. The price has reached a strong supply zone. Therefore we expect to enter the market as sellers. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.
CADJPY, trending down!!!CADJPY is trending down creating lower highs & lows. recently is in a consolidating stage between 88 & 87.40 area. My bias is bearish but before that it may fill the supply area, 88.40. So, my expectation would be a fake breakout from the consolidation then we go down.
cad/jpy good short position cad jpy did a massive move to downside on last Monday and now market is back at that zone to retest
look for bearish confirmation on lower time frames and enter short with ypour own money management
always remember that patience is the key
CADJPY ANALYSISThe CAD has proven to be strong this week, influencing most of the moves from its contemporary pairs.
CADJPY has made a bullish push to break the most recent level of resistance.
We want to see some exhaustion after this bullish impulse.
The resistance could now serve as support when price comes back to test it.
CADJPYweekly analysis for cadjpy its a accenting triangle pattern wait for the retracement and confirmation and which side breakout and go for the side wait be patience
CAD/JPY good long position CAD JPY was falling due to many fundamental and technical reasons
now market has found a strong demand zone and we see a upside moment on cad jpy for next week
look for bullish confirmation on lower time frames and enter long with your own money management and always remmebr that discipline with patience is the key to success
here are our last week predication on cadjpy
