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Cadjpylong

CADJPY LONG✅TP - green lines ❌SL - red line EP - start of yellow line Original Analysis CADJPY Channel Down identified at 22-Apr-11:00 2022 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 102.144 within the next 6 hours. Support Levels 101.275 Resistance Levels 102.144 This does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
Long
by pmfxideas
CAD/JPY Buy Set Up Update Since my last video, CAD/JPY, has pushed above ¥100.00 on the exchange rate. We now have the Bank of Canada talking about the possibility of 0.75% rate hikes, as inflation hit 6.70% this week, far above economists forecast for a rise to 6.10%. The Bank of Japan maintains its stance to use yield curve control to keep interest rates low, sighting low inflation expectations over their forecast horizon. The interest rate differentials between Canada and Japan continue to widen, supporting further strength in the Canadian Dollar. With Oil prices remaining elevated, the commodity-linked currency could continue to strengthen against the Japanese Yen.
Long
by KayansMarkets
3
CADJPY BULLISH ENTRY MOMENTUMCADJPY BULLISH ENTRY MOMENTUM - CADJPY has created an order block from yesterday's New York Killzone. - The price has broken the market structure to the upside, showing there is momentum to continue the uptrend. - The order blocks are aligned with the internal Fibonacci entry area. - The entry area is at a discounted price level because it is below 50% from the previous impulsive movement. - By using the external Fibonacci retracement to both XAY pattern and Fibonacci projector as the target profit. - To execute the trade, lower time frame is needed to seek confirmation of a change in the market structure on the order blocks area.
Long
by lalala_landzz
1