CAD/JPY SELL SIGNAL...VIEW
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Cadjpyshort
CADJPY, more downside expected Hi Traders,
CADJPY has taken a drop and if we look on the HTF, price moved up within an ascending channel which made a double top to add bearish confluence that a reversal is coming. On the LTF, price made a smaller correction at top of channel cresting a massive push downward to lower boundary. Wait dor a Breakout followed by correction (4 to 5 candles) to validate another high probability sell opportunity.
Trade Safe!
Thank you
CADJPY shortBreak of mini ascending channel with bearish engulfing 1hr candle. CAD not ready to push north, needs to visit 0.886 fib level which is the bottom of a bigger ascending channel. Its also rejected the daily pivot resistance level 5 times with the 1hr candle.. ADX is negative on the 5 and 15 with 1hr about to flip.
CADJPY NEXT MOVE !Hello Traders Around The World!
CADJPY looking amazing. Beautiful set up for a short position plan.
As you can see, CADJPY reached a mass psychology at 106.513.
The price started to test this area with a correction + Ascending channel.
I will be focusing on taking a reversal pattern in this area & execute when the price breaks to the downside.
Patience is key.
#ThePrimes
CADJPY in the second encounterHello dear friend;
according to the chart, you can see the second price touch this level, I prefer to find some fallen position in this situation because I believe that the second encounter doesn't have enough power to break this level.
You can check the 4H time frame to see the very strong evening star also.
CADJPY Set UpLooking to short this pair as there is major resistance above. Would love to see price break the trend line and then retest before entering for a sell. Of course, price can break June's highs and the 2 resistance above the current price on the chart. Would take news to do so in my opinion. Tuesday and Wednesday this week are important days to see what this pair will do the upcoming week.
CADJPY it's time to sell↘️Alert has presented for a CADJPY sell.
Trade is in progress at time of writing this idea.
Chart has all the trade details showing entry, TP target and SL value.
I am aiming for TP3 value on the chart label.
The yellow line is entry point.
Red line is SL and Green line is TP.
Thanks for looking
Darren 👍
MY VIEW ON CADJPYhello guys, t his is my insight on CADJPY, from H1 point of view the price broke the daily trendline and retested it then in H1 it formed head and shoulder chart pattern which is a strong selling signal, not only that but also it has broken minor trendline in H1 and it retested both the trendline and the neckline of the head and shoulder pattern, hence this gives us a clear selling signal.
CADJPY SellMy Bias is to the down zone as a 4-hour and daily zone exist above in a downtrend. Price has also just broken support. I'll be looking for an hourly close below support and/or the next 4-hour candle. CADJPY is volatile and can very easily wick back up. Let's see what happens. A perfect scenario obviously is a break and retest.