CAD/JPY Bearish Butterfly builded, its will give me some pipsAll on chart
comments welcome!!!
sl: open now
Tp: open
Cadjpysell
CADJPY is ready for another drop almost 400pips+As you can see CADJPY did clean BMS and also perfectly test daily and 4h demand and push up as well.
but as HTF view it's re-test for another drop, we currently daily supply supply with under4h supply possible going to rejected from here
CADJPY Analysis and Trade Idea UPDATE!The bearish englufer made the entry easy. Wait for the base candle (bullish) to be retested by the candle forming after the engulfer.
On the LTFs, it is a break of market structure. The pullback after the break is the high probability entry.
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CAD/JPY Running In 150 Pips , 0DRAWDOWN , New Entry Added NowThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CADJPY Potential Short !!CAD-JPY is trading in a downtrend
And the pair bounced off the falling resistance
So I think that after the pair retests the resistance
making me expect a move down
Towards the target below
Short CADJPYWe are looking at CADJPY breaking the support level and sliding further with the following parameters in mind:
CADJPY SELL @ 99.490
TP: 98.259
SL: 100.134
CAD/JPY Running In 70 Pips 0 Drawdown , New Update For Next DaysThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CAD/JPY Playing Well With Our Res , Bearish Movement ComingThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CAD/JPY W/D/4H Analysis ,Perfect Bearish P.A To Can Sell It This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CADJPY Breakout! Will Fall!CAD-JPY was trading in a bear pennant pattern
Now, we are seeing a bearish breakout
And because I am bearish biased on the pair
I think that we will see bearish continuation
Sell CADJPY [4 May 2022]Monthly: Bearish . Even though price has not entered my ideal sell zone between 109.00 and 113.00, there is a divergence on the monthly TF. So, there is a chance that market will start to drop before reaching my ideal sell zone. The current price is also at a sell zone which has been tested previously. But because it has been tested previously, the chances of price breaking through this zone is there. As such, there will be a few levels that I will be selling.
Weekly: Bearish . Same reasoning as the above.
Daily:
Bearish divergence.
There is an increase in the buying volume on 28/April/2022, the body of the candle is a strong bullish candle, however, the subsequent candle on 29th was a bearish candle, indicating there is not enough demand to push the price higher.
H1: Market made a Break of Structure (BOS) which acts a confirmation for market to drop further. Waiting for price to re-enter the POI zone before we can place a trade.
Considering that my bias is a strong bearish , the following price points would be the areas that I would be interested to sell and stack my positions.
Entry 1: 102.05
Entry 2: 109.20
SL: 102.40 (I don't use SL because I will stack my positions until it goes to my direction).
TP: 97.95
CADJPY-SELL++It has gone slightly higher then anticipated, but then again, the fall will be greater from lofty highs they say.
Strategy is SELL 102.00-102.50 and ADD above 103.00 again. The profit order somewhere 98.25 for now.
CAD/JPY Short Setup After Confirmation To Get 300 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CADJPY-SELL+The regression channel clearly shows we are out of bounds. Further negative stochastic and RSI not shown is still overbought as well.
The strategy is SELL current @ 98.30-98.60 and add above 99.25. Profit order @ 95.37 for now.
CADJPY-SELL++The SMA strength indicator suggest we have had a strong trend, and this is likely coming to an end. That is why it's high range. The BB% also is above it's norm and further the regression trend shows even we are outside its boarders.
The strategy is therefore SELL 98.60-98.90 for a move back towards 94.25.
CADJPY-SELL++The pair is still overbought for the medium-term, and similar to USDJPY we should be looking to establish a SHORT if not done as yet.
the levels to sell I suggest to be 98.30-98.60 for now and add above 99.30. Profit order near 95.00 for now.
CADJPY-SELL++++This is an interesting pair. They are both oil currencies.
Once OIL changes to lower levels, or is perceived it will not go much higher, JPY will strengthen and CAD will weaken.
That is why SELL strategy for this one is great opportunity.
Strategy SELL @ 97.60-97.90 and place profit order below 96.00 for now. I would only add at higher levels when see.
CADJPY-SELL strategyOn the 2nd of February I had suggested to buy CADJPY 90.40 and it has taken a long run to reach the suggested objective 95.00 or higher.
Right now, similar as all JPY crosses we should be on the BUY side JPY as the situation is quite oversold (JPY).
so for now SELL @ 97.50-97.80 area for a move back towards 96.00 there abouts.
CADJPY SHORT IDEAHello Traders,
Hope you are having an amazing week.
Above is my analysis on CADJPY , overall perspective is very BEARISH .
Expecting this level of supply to hold !
Always move stops to breakeven after +25 pip moves
Looking forward to see how this plays out.
Thank you for your support,
ETGL TEAM 💛
CADJPY Will Go Down !!CAD-JPY broke a horizontal resistance
And you did it in a powerful way
But backtracking and correction is inevitable
And we can see that the price has almost arrived
Increased resistance to a narrow wedge at 95.00
So I think after the retest
We will see a drop to 91.7
CADJPY CADJPY
The price will continue to rise until it reaches the resistance on the chart
Then it starts in a downward direction to the target
Im Trying to Fight the Trend, CADJPY Short IdeaNow, CADJPY near its resistance area. Im looking for short and take profit in previous resistance.
