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 )
Cadjpyforecast
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 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.
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 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.
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
CADJPY: multi-time frame analysisHi Traders,
This is my view on this pair for the next days
#CADJPY
Wait for the price to reach 89.7 area to look for a trigger.
SL 90.21
TP 85.1
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen
CADJPY good short position cadjpy trend has changed from bullish to bearish which we can confirm on higher time frames
market is currently making lower high and than continuation to the downside
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience is the key
CADJPY sell on retest on higher time frame CADJPY ia at vert strong resistance area and rejected multiple times
so over all its gonna go down
look for bearish confirmation on lower time frames and enter short with your own money management
always remeber that discipline with patience is the key to become a successful trader