CADJPY SHORTCADJPY is in the beginning of the bigger bearish impulse and therefore there are two areas where price may react or reject from the region, first one is 90.97 and the other is 91.20 lets wait and see, how price react at these areas.
Cadjpyshort
CADJPY ANALYSIS AND TRADE IDEA - SELL TO BUYHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
On the Monthly we are bullish with an ICI to the upside which the market is currently retesting the previous resistance turns support once we see a close above the support we can see a continuation to the upside.
Dropping down on the Weekly we have an over extended W formation where we can see a retracement to the neckline or the wick of the candle, we will base our take profit for this weekly trade on the impulse.
On the Daily we are also testing previous resistance turns resistance due to the closed below the structure, EMAs are about to cut for short though MACD still is above the 0.
Trade Signals
SELL
Entry: 90.832
Take Profit: 87.880 (295 pips)
Stop Loss: 91.775 (94 pips)
=====================
BUY
Entry: 87.906
Take Profit: 95.263 (735 pips)
Stop Loss: 86.755 (115 pips)
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
cad jpy cadjpy Rejected the structure and WFB as we said , running over 100 pips, and you can enter again now it already broke the trendline trendline , look at the link below
CADJPY - SHORTThe price is below the Major Resistance Level. Consider the development of the South Impulse. First target is next Demand Zone.
CADJPY - SHORT
ENTRY PRICE - 91.650
SL - 92.500
TP - 89.830
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CADJPY PULLBACK STILL ACTIVE At profit fx we have been bagging on CJ for over a year and staying out of consolidation zones, all impulse move was taken and now we are waiting on the pullback, while waiting i will love everyone and anyone to join the train, enjoy the ride with the premium team mates, final target is about hundred pips from current price level... bag using proper risk mgt. Enjoy your week y'all .
CADJPY Short Analysis Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
cadjpyWe may go up to retest that structure level and 4H EMA before dropping again. Keep a close eye on this one
CADJPY 4HStrong weekly resistance established so we are looking for at least a 100 to 200 pip push to the downside and further analysis to
see if there will be a larger 300 to 400 pip push down to the next weekly resistance level.
CADJPYCAD/JPY GOING DOWN. This Market Has Now Created a Descending Chart Pattern. So The Market Is Now Possible To Go Down.
cadjpyCADJPY - SHORT
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further CAD weakness & JPY strength = CADJPY SHORT
What are we waiting for to happen?
- Waiting for the next pullback so we can draw WFB
What is our confirmation?
- rejection of structure and EMA
- Waiting to draw WFB
Entry
Safe Entry: Rejection of structure and EMA and then WFB once correction appears
Risk Entry 1: Rejection of structure and EMA
Once entered, where will our Stoploss be?
- above the rejected price (ideally above EMA )
Where do we take profits?
- First TP: 88
- Second TP: 86
CADJPY Short Analysis Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
ShortCADJPY struggling at 92.9
making lower lows on H4 Chart
Bias Short at current level for
Tp1 88.4 & Tp2 85.6
with the stop loss of 93
cadjpy deeper retracement after a break of the trendlinetriple top triangle pattern with bearish engulfing in H4 timeframe and a break of the ascending trendline indicate a strong bearish momentum for this pair after it fail the previous analysis.Still bias on being bearish on this pair for a retracement in a long term bullish .
CADJPY; Long Term uptrend has StartedIn the past week, CADJPY has broken above and retested a major Weekly/Monthly resistance for the first time in years, which indicates the trend is still healthy, and up. The next target is 98.650, althought i am planning to take some profits at the (A) pictured level, before i anticipate a potential Weekly retracement to the 91.400 support/resistance level before we continue up.
CADJPYThe Canadian dollar went back and forth over last week as we continue to hang about the ¥92 level. The market will follow oil, as it typically does over the longer term. For what it is worth, the oil market looks as if it is ready to go higher, so it will be interesting to see how this plays out. The Bank of Canada has also suggested during last week that an interest rate hike is coming much sooner than anticipated, and that could continue to favor the Loonie over the Japanese yen.
CAD/JPY Short at market open4562 free pips for the trade of the year. The market has has completed the weekly correction structure and is now ready for downside. fundamentally we are bearish for both currencies but expecting CAD to be weaker since JPY is as it lows already
Cadjpy, waiting for a break to confirm another bearish moveWaiting for a break for another bearish move to make lower low. Though need extra caution as it is creating bullish flag pattern. Overall still bullish bias on this pair in the long term.
CADJPY READY TO FALLCADJPY shows a Break in Market Structure (BMS) from Up to Down
Then Shows strong Momentum to go Down.
CADJPY Trade Plan Short CADJPYOn hourly time frame one can follow this trade plan with proper risk management, calculating the risk reward ratio.
Entry : Current Price
Stop Loss 1 : 92.299
Stop Loss 2 : 92.448
Take profit : 91.487
cadjpy bearish bias after it rejecting the upper trendlineOverall bearish bias on this pair after it reject the major trendline. Looking for this pair to create new lower low.
