Cadjpysell
CADJPY - catch the move up & its ReversalCADJPY is approaching its resistance at 82.057 (0.618 Fibonacci retracement) where it could potentially reverse to its support at 80.540
EMA 21 & EMA 55 both crossed over signifying a move up.
A break in the black trend line leads us back to its support of 80.540
See previous analysis
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CADJPY MULTIPLE SHORT PRICE ACTION INDICATIONS1. Reassessment of this currency shows that short pressure is still strong.
2. Price is testing break of 4hr bear flag.
3. Rejection of resistance structure
4. Breakout of 4hr bear flag showing continued downward momentum
5. Price action is breaking out of the weekly bear flag as well.(Weekly bar has not closed out of weekly bear flag)
*High confluence of indication for a short.
CADJPY FINALLY BREAKING DOWN OUT OF WEEKLY BEAR FLAG.1. Price action has broken out of bear flag (with strong volume) and retested previous support.
2. After which Price action broke down again at the 0.618 fibs and broke out of the weekly bear flag and is retesting the weekly bear flag trend line again.
3. Clear short and good probability trade, will be looking to add on size on this one.
CADJPY -SELL BEFORE THE NEXT BULL RUNCADJPY has broken the Fibonacci retracement
level of 0.618. i am expecting this to down to 0.382
which will intersect with the blue support line i have down
thou Stoch RSI has gone into oversold territory i am still expecting some more fall before a bounce back
this will be a strong buy after the final retracement
See previous analysis
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CADJPY {Upcoming Move}CADJPY is in that area where there will be a nice move coming. Looking to see if price continues to be respected back to upside, or a break lower for a retest to sell back down to next zone. Obviously momentum is moving downside, so it would be better to take sell positions until otherwise. We are also sitting on the 61.8 retracement.
Be patient and wait for the market to show you which way it wants to go. Don't jump the gun.
CADJPY - potential shortCADJPY potential sell coming soon.. Fundamentally CAD to not raise interest rate and keep it to 1.5.. if they hike rate then go long instead. RIsk Reward 1:1 & 1:2 (40-80 pips) or exit whenever you want. please use proper money management.
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Vinny
CADJPY SHORT SHORT SHORT? [SIMPLE TREND CONTINUATION PATTERN]CADJPY
1D: Simple downtrend pattern can be seen on the chart. Price Breakout Support zone @ BRN 85.000 (Support Become Resistance)
If Price retrace back to that level... SELL
4H: Price is reaching 85.000 BRN zone. Look for any Candlestick reversal signal (CRS) for entry confirmation would be better.
Targeted entry level:
Sell limit @ 85.000
SL @ 85.500
TP @ 84.000
RRR 1: 2
TAYOR