CADJPY longBullish engulfing 1hr pattern from daily CPR and 0.38% fib with retest of previous first lower low, with over under break of structure retest. ADX remains positive and trending.
Cadjpylong
CADJPY longAscending channel. Bottom entry. Rejection off 4hr and daily support level. Trade back to daily pivot. Bullish engulfing pattern at bottom of channel. ADX is above 25. Positive DI cross of negative DI on the 1hr.
Buy CADJPYConfluence:
1. EMA 9 crossed EMA 200
2. Price above EMA 200
3. RSI above 50
4. ADX above 20
Entry @ 106.443
SL @ 105.589
CADJPY, more downside expected Hi Traders,
CADJPY has taken a drop and if we look on the HTF, price moved up within an ascending channel which made a double top to add bearish confluence that a reversal is coming. On the LTF, price made a smaller correction at top of channel cresting a massive push downward to lower boundary. Wait dor a Breakout followed by correction (4 to 5 candles) to validate another high probability sell opportunity.
Trade Safe!
Thank you
Week 6 assignment (EXHIBIT B) for CADJPY by PROSHERIFFLower Low was not found on the bigger trend. A RR ratio of 1:1 is set for this trade.
CADJPY longMarket maker fake out below sideways channel only to hve a bullish engulfing 1 hr rejection at daily pivot which is also 0.38 fib and 4 hr support level. This trade is my actual position from the previous cadjpy idea however I was able to get a better entry and lower stoploss , therefore my trade is still valid and not stopped out. Still waiting for the bullish continuation.
CADJPY long4hr break and close above 107.080 h4 resistance. Retest pin bar at 0.236 fib, quick consolidation and continuation trade to R1 target. Bullish engulfing close on 1hr chart.
CADJPY long0.382 fib rejection with 4hr bullish engulfing candle. 4hr ascending channel. Respect lower channel structure. Higher highs and lows. Rejection of major 4hr support. Fake out of lower sideways channel, typical of market makers move. Rejection of demand zone. Will hold trade for 2 days.
CAD/JPY LONGCAD/JPY is making higher highs and higher lows on H1 and H4. I longed at the H1 bullish order block. 1 to 3 risk/reward ratio.
CADJPY - LONGBullish strucutre in formation
HH, and HLs
Piercing Pattern detected at HL
in past fib.786 worked as good support after retracement. so, SL placed on it at 106.226
Entry 106.466
CADJPY longOverall ascending channel. 1hr bullish engulfing candle. Rejection off 0.786 fib on the 4hr. Next target at daily resistance and 0.236 fib. Mini ascending channel with bullish patterns across 5,15, and 30 mins. Break above daily pivot. 1hr market structure is a series of higher highs and lows.
CADJPY - Buy/Long - Ascending Triangle.CADJPY - Buy/Long - Ascending Triangle. Price has been knocking on the 106.200 zone for a while now and we might just see it break-through to the upside. Price has been making a series of higher lows to this point, indication strong momentum.
Always Use good risk management, only risk 1% or less on any given trade. When a certain % or pips in profit move stop loss to breakeven. Also consider taking partials along the way or trailing profit in case of a reversal or if price surpasses our target level.
CADJPY Set UpLooking to short this pair as there is major resistance above. Would love to see price break the trend line and then retest before entering for a sell. Of course, price can break June's highs and the 2 resistance above the current price on the chart. Would take news to do so in my opinion. Tuesday and Wednesday this week are important days to see what this pair will do the upcoming week.
CADJPY Set UpsThese are the set ups I see on CADJPY. Of course, we always wait for price action to show us which direction the market will end. What do you think?
CADJPY SPIKEprice is in an uptrend with structure confirmation. Waiting for price to pull back into retracement levels and give confirmation signals before committing to a long position
CADJPY LONGLooking at CADJPY long. Entry at 104.901.
Trade analysis: Price broke out of 4H time frame trend line, retested, and broke above the trend line. The canadian index is currently reversing for more upside, whilst the Japanese index continues to decline. Take profits were set as to the next significant WEEKLY LINE (of resistance), given that the 'big money' (banks and hedge funds) are more concerned with higher timeframes than intraday trading and significant line often act as a magnet. If we can not break above the previous high on the 4H then trade will be closed until further notice.
Cadjpy Looking for SHORTS.....Am waiting for the breakout of the denoted level and retest for entry short .....
Targets on chart. Like & Subscribe.
CADJPY longRejection off the daily pivot with bullish engulfing on the 15, 30, and 1hr TF. Rejections also on a 4 hour support and 0.61% fib zone. Long term uptrend is respected.
Long on CADJPYWe are exploring the possibility of going long on CADJPY and breaking the level, giving us a space of 80 - 100 pips upward movement. The trading idea that we have prepared for you has the following parameters:
CADJPY BUY @ 103.77
TP: 104.574
SL: 103.440
CADJPY Long - Dow Theory + Bullish Indicators - Week 03 03CADJPY Long position on basis of HHs and HLs as learned in Dow Theory and on basis of bullish indicators in the bearish trend.
- Morning Star, Tweezers Bottom has been marked
- SL is last HL
CADJPY | good range !We considered two scenarios
1. For LONG, we wait for the blue range to be broken, then enter the position after the pullback
2. For SHORT, after a reaction or a bearish signal, we enter the blue range
I think the first scenario is more likely, because in this Trend I see that a lower LOW is not made
