Huge drop?Hey traders as we can see in daily time frame CADJPY is at huge resistance so I expect a great fall towards price level 103.800
Good luck all if you like my idea like it and comment your opinion ☺️
Cadjpyshort
CadjpyMy previus setup on cadjpy hit sl but here is the update one..do not miss this opportunity coz it reach new major supply..probably this time will go down drastically..R:R 1:10 as usual
CADJPY - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
CADJPY My Bias is Short Simple Support And Resistance Analysis with the help of Trend line Keep Your Eyes on it...
CADJPY SHORT IDEA 26TH AUGUST 2022
We have seen a clear bearish movement from the daily time frame of the chart and we have seen a series of bearish candle movements previously from our last entry. The supply zone we are currently in have seen to hold price for some time now and we have shifted to the lowertime frames for extra confirmation and we have set out and entry and stoploss, if the markets decides to switch to the bearish mode from here will be looking at a RR of 1:150
UNDERCOVER TRADING!!!!!!
⁉️ CADJPY - Market AnalysisHello traders!
⁉️This is my analysis on CADJPY .
Here I expect price to continue the retracement to fill the imbalance and to reject from bearish orderblock + institutional big figure 106.000. We can correlate this move with JPYBASKET.
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CADJPY SELL SETThis pair has reached our POINT OF INTEREST(POI) premium area to load sells, we are already in this trade waiting for the move down and God bless our hustle. Take this as presentation of an opinion and not financial advise. God be with you if you are going to be trading this.
CADJPY H1: Bearish outlook seen, further downside below 105.50On the H1 time frame, prices are testing the resistance zone at 105.50 in line with the graphical resistance where a break below the downside confirmation level at 104.80 could provide the bearish acceleration for further downside moves to the support zone at 103.50. This support zone lines up with the 78.6% Fibonacci retracement. Stochastics is testing resistance and seeing bearish divergence as well as highlighted in red where we could see further downside in prices.
💡Don't miss the great sell opportunity in CADJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (105.60).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 46.
Take Profits:
TP1= @ 105.00
TP2= @ 104.71
TP3= @ 104.21
TP4= @ 103.70
TP5= @ 103.26
SL: Break Above R2
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💡Don't miss the great sell opportunity in CADJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (105.60).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 47.
Take Profits:
TP1= @ 105.00
TP2= @ 104.71
TP3= @ 104.21
TP4= @ 103.70
TP5= @ 103.26
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CADJPY OUTLOOKCJ at a 3h supply zone has broken structure to the downside signifying a change of trend to bearish. going down to m15 a CHoCH has alreaady happened, I zoomed in to m1 waiting for price to return to the m15 zone - now a CHoCH has happened on m1 and I'm placing a sell limit at the OB that caused CHoCH on m1, hopefully it gets triggered at NYKZ. NOT A FNANCIAL ADVICE, JUST A TRADNG IDEA. TP AT 1:3RR
CADJPY SELL ANALYSISLooing at CADJPY on 30M timeframe
We looking for a possible SELL/SHORT position
We looking for a possible downward at this distribution phase
CADJPY Sell set upHello everyone
Here's the latest CADJPY analysis.As you can see, this is just price action analysis and you should be patient till get right candle stick confirmation.
good luck
CADJPY: Elliot Price ActionHello. According to the chart and the expectation of a downward trend in the time frame, we see a distributed trend up to the specified value, which is trying for the fifth wave, and wave c will be created from the trend of wave b, and then we will have a downward trend.
CADJPY Shorts 17th August 2022We are currently in this trade for the Long short but yet we see a clear BOS and classic OB retracement move to push the price further down knowing fully well we are in a bearish scenario we will be looking to hold this trade till market clears out the lower low
CADJPY short1hr bearish engulfing pattern rejection off supply zone, R1 pivot zone, 4hr resistance level and 86.6 fib level. Third touch off the top of descending channel.
CADJPY short signal \ updateAfter seeing the confirmation, I will proceed to enter the SHORT position
I am currently waiting on the new range
CADJPY shortPrice is below daily and weekly pivot. Break of bullish ascending channel structure and now creating lower lows and highs. 1hr + 4hr bearish engulfing candle rejection off the daily pivot. TP near demand zone. 4hr resistance level is respected. Rejection area at 0.382 fib signaling possible strong continuation move to the downside. ADX is trending and negative. Momentum is negative. Price is below all moving averages and fanning. Price is at the top of descending channel.
CADJPY short signalPlease come back to me
I think it is suitable for SELL
Of course, after confirmation
