Cadjpysetup
SHORT - CADJPY (H4, H1) (25 May 2023)SHORT trades in H4, H1
- Daily Trend is high in Curve: To take SELLS all the way to opposing zone
- Price needs to remove 1 demand zone and break TL before a valid SUPPLY zone is confirmed
- Alert set in Daily TF once opposing demand zone is taken out
- Price also needs to take out H4 demand zone before looking for SELL trades in H1
- Alert set in H4 TF once opposing demand zone is taken out
NO TRADING UNTIL THEN
CAD/JPY 2 Best Places To Can Sell It And Get At Least 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 PLAN!Hello traders around the world!
My name is Alexandre Karim and today I'll be showing you my plan on CADJPY.
First of all if we go back to the weekly chart, we can clearly see that the price reached a mass psychological level at 106.420 since December 2014. The price formed an ascending channel, corrective to the upside from May 2022 till November 2022 & reversed to the downside. The gravity was clearly to the downside and back then we were planning for shorts.
Moving to the 4H chart, we can see that this pair is currently giving us an expanding channel + an ascending channel inside of the structure.
I am planning for a short position in these two areas:
1) The ascending channel which is corrective and very disciplined showing us clear touches on the upper TL. From this area, I'll be waiting for an hourly reversal pattern or an inner structure inside this ascending channel.
2) Waiting for the price to reach again the upper rejection line which is approximately at 110.520. From this area, I'll be also waiting for an hourly reversal pattern (Could be an ascending channel that will move correctively to the upside + sideways)
Always wait for the best set up to happen and have patience.
#ThePrimes
Buys are valid on cadjpy!!Price has broken a major high on the 1 hour. Then price made a new high which was our indication that price can go higher. Ater a new high is made we know that a pullback is needed which can either make a new low or make a higher low. In this case we have a higher low which means that we can expect a return to our new high. Seeing that the bulls are in control of the market at this time I entered in two positions.
ready to bang cadjpycadjpy (one of my beloved minor quotes) is in accumulation phase. I'm ready to take action as soon as cadjpy reaches to one of mu support/demand zones.
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
CADJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Best 2 Places To Buy CAD/JPY To Catch The Next 400 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.