Head & Shoulders - Right Shoulder Entry1. Drew out an incomplete head & shoulders pattern.
2. Waited for price to come back to this area to finish the pattern.
3. Entered on signs of rejection / Stops above the Head
4. Targeted a simple 1:2. TP HIT!
Cadjpyshort
CADJPY ANALYSISOn this pair we see a possible break either to the downside following this downtrend and breaking the support at 86.6, creating a big support break, or we can break this downtrend and break the 87.6 resistance, if we see a confirmation either to the upside or the downside we have alot of potential entries for both this trades so wait for confirmation from the breaks and then enter the trades at the desired price.
CADJPY SHORT - CONTINUATION INTO DAILY KEY LEVEL!In this vide I explain all the reasons why I expert to see more downside for CADJPY back down into 85.791 level
Thanks for watching!
If you agree or disagree drop a comment or a like on the video! :)
CADJPY SELL STOP 87.104 If you like this idea follow this.dont trade before sell stop, if you get 20 to 30 pips kindly close,its good for investment 2% risks.
if you wanna more pips fully risks for urs.
we are assure to 20 to 30 pips please try only forex beginners.
we are only try to hit baby pips if you like this analysis,please support our idea by hitting the like button and share to ur frnz. we will support start to end trading.
hava a great trading!
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.
CADJPY: IS IT TIME FOR BEARISH BIAS/TEMPORARY CORRECTION AHEAD?Hello Traders, here's your free outlook for CADJPY! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel :) !
CADJPY already impulsively rejected multiple rejection area. Recently, CADJPY has broken the lower trendline of rising wedge pattern. The momentum indicator is also pointing downward in the neutral area, indicating that CADJPY has the possibility to continue moving downward to the target area.
The roadmap will be invalid after exceeding the resistance/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell CADJPY.
Trade opportunity - Sell CADJPYThe key candle in the H4 timeframe gives us a hint of strong presence of bears in CADJPY under 87.90 levels.
Price action strategy applied to identify this Sell opportunity.
Sell at the market price 87.70 until 87.90.
Target 50 to 75 pips on this trade.
CADJPY Daily Timeframe (Bearish Case)A few days ago I shared CADJPY analysis indicating a bearish pattern on H4!
Today I want to share the same analysis on the Daily timeframe!
Price is approaching to daily trendline resistance zone!
At the same time price approaching a key supply zone!
Failure to break above the zone will be an indication that bears are about to take over!
CADJPY BreakdownRight now price is in an ascending channel. I am looking for price to break this channel to the downside reaching for those previous lows. Wait for breakout of channel get in on the first flag created on the lower timeframes.
CADJPY short in next daysAfter checking different scales and comparing MACD and RSI seems that we have under A wave correction from Elliott's teory, so lets prepare our shorts ONCE wave B will be finished.
SELL CADJPY (356PIPS)Price approaching resistance area, would be looking to sell the pair if I see a proper rejection off this area follow by other bearish confirmation such as the bearish engulfing candlestick.
CADJPY Bearish Case Is it bears turn after long bulls dominance? On H4 timeframe we have a bearish pattern which might be an indication for bearish movement on CADJPY!
CADJPY SHORTThe pair is currently ranging between 87 and 87.4, there is a big trendline approaching which could start the retracement of this pair, if a bearish trend does appear it would be closer to the downtrend and near resistance levels, the pair can go to 85.8 as a first target and as a 2nd target to test the lows of 84.8 one more time.
CADJPY - Bearish Bias🇨🇦 CAD - Strong Bearish
1️⃣ Risk-off sentiment and declining oil prices weighing on the CAD.
2️⃣ Canadian GDP shrank 0.3% on quarter in Q2 2021.
3️⃣ Canadian trade balance for July is expected to decline.
🇯🇵 JPY - Strong Bullish
1️⃣ The JPY benefits from a risk-off market environment.
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Technical
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We are selling the CADJPY after it failed to break the resistance of 87.400.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
cad/jpyadding more sells
87.4 is my stop on all positions
got a few nice set ups this week hopefully be ready tomorrow
CADJPY SEllCADJPY a lot going on this week in terms in my testing phase on the trades im watching again these are not trades for you to take if you follow me but something i'm putting into place for what i'm testing on serval techniques i have learnt over the years
lets see how it plays out
what are your thoughts............?
cad/jpy good short position cad jpy was in bearish momentum and went down to the 84.400 very strong demand level and cane back to 87.100 for a retest
look for bearish confirmation on lower time frame and enter short with your own money management
always remeber patience with discipline and money management is the key to success
CADJPY Bearish weekly forcastWe will most likely see CADJPY continue to head lower after having a strong reaction to the HTF confluence area.
SHORT CADJPYSHORT CADJPY @ 87.40
TP @ 85
SL @ 88.55
I have decided to sell CADJPY prior to Jackson Hole on Friday as I feel that USDCAD is reaching support lvls and will rip soon. If that is not the case and the USD decides to sell off, well then USDJPY will push lower driving CADJPY lower. We also have key resistance and pivot lvl at 87.40 this making it a good entry for me. CADJPY has rallied a lot in the last week and I feel it is running out of steam up here thus I anticipate the next move in this pair will be lower.
Good luck!
💡Don't miss the great sell opportunity in CADJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (87.12).
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 below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 28.
Take Profits:
TP1= @ 86.63
TP2= @ 86.37
TP3= @ 86.02
TP4= @ 85.41
TP5= @ 84.68
SL: Break Above R2
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