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.
Cadjpyshort
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.
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
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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💡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
❤️ 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 - Bearish BiasCAD - Weak Bearish
1️⃣ Crude oil prices fell slightly on Thursday amid concerns about stock demand following additional restrictions in several countries.
JPY - Strong Bullish
1️⃣ Risk-Off sentiment benefits the safe-haven JPY.
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Technical
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We are selling the CAJPY after the price has broken the support levels.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Cad/Jpy Sell OpportunityCadJpy is in a downtrend and moved up a little higher than expected but a new wave down is expected now!!!
So I'm expecting a lower low and my TCP is the trend line at the bottom!!!! I have another take profit area below this. This is a swing trade idea that will take a few weeks to complete! If you trade it , you gotta be patient!
risky but good setup :)Here's another risky but I 'feel' good setup.
CADJPY rose to a previous high and stalled for the past many hours, it is also within a rising wedge alike channel building downward movement since the high of 87.5 which was in mid of historical resistance zone. (87.26 - 87.6)
I didn't manage to catch the tip but entered at 87.4 which is still a ok risk level - providing my analysis is correct.
overall CADJPY is having a very strong bullish momentum built in the past few days so it's very risky to bid it down. If today the OIL price falls a bit and US news can tune DXY up a bit, this set up may well just be a perfect one that's why I'm willing to risk.
SL: above 87.6, mine is at 87.645
TP: below 86.85 -- can go lower if market supports it well with good impulse
GL
CADJPY Short CAD/CHF rallied on Monday AFTER the recent slump in crude oil prices, the commodity-linked loonie (CAD - Canadian Dollar )
We expecting the pair to re-test the key support levels listed on the chart,
We taking this trade based on technical analysis , Fundamental and candlestick patterns.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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CADJPY ANALYSISMarket is looking to test the resistance at 87.1 again after testing it and rejecting, if this resistance holds one more time we can expect the price to go at least to 85.5 or look to create some lower lows if it breaks that level. If price does break resistance we can expect to test the levels of 88.5 one more time. Both situations have some very good trades to be made, we just need to see how the market will react.
CAD/JPY Forex Analysis and Profits - Before and After Analysis A few days ago to be precise, on the 11 of August this analysis and setup was sent to the FXTD Academy students, and signal was sent to the FXTD VIP signals channel, seeing that price reached our point of interest in reaction to the higher timeframe order block, we had to wait for the structure to form then we dived in. Price has finally reached our target afte the first and seconde liquidity was taken out, price traded into the trendline liquidity and on its way to the fair value gap as predicted and finally we're 207+ Pips in Profits with a good risk to reward of 1:17
I don't get comments or likes, simple analysis CAD/JPYMy account is not popular and does not collect many likes, but check all my Forex analyzes
But most of my analyzes are correct and accurate
Analysis like my previous analyzes in forex .. Review them well and you will find that they are all correct and come with goals in a short time
Most of them are long term
Thank you very much