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
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Any change in sentiment could turn the pair's direction.
Cadjpyshort
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
Short Vision on CAD JPY for 13/08/2021Hello Dear Traders,
You find below my analysis for CAD/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame CAD/JPY will fall to 87.75 as I am showing in my chart. Our Daily Goal is 87.45.
Currently, CAD/JPY is moving towards the resistance level 88.35,where there is some liquidity from this value we are looking for short-term selling opportunities of CAD/JPY.
Good Luck and enjoy your Bearish Market for today.
Entry:@88.25
TP1: @87.95
TP2: @87.75
TP3: @87.45
SL: @88.6
Short Vision on CADJPY for 11/08/2021Hello Dear Traders,
You find below my analysis for CAD/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame CAD/JPY will fall to 87.75 as I am showing in my chart. Our Daily Goal is 87.45.
Currently, CAD/JPY is moving towards the resistance level 88.35,where there is some liquidity from this value we are looking for short-term selling opportunities of CAD/JPY.
Good Luck and enjoy your Bearish Market for today.
Entry:@88.35
TP1: @87.95
TP2: @87.75
TP3: @87.45
SL: @88.6
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Forex Analysis on CADJPYCADJPY has the potential of going to the downside seeing that price has traded to a higher time frame bearish order block with liquidity grabbed. In mitigation of the last push down, buy stops were taken moreso, seeing trendline phantom and liquidity below price alongside a fair value gap. This might be a selling market.
CADJPY ANALYSISThis pair finally breaks above its current daily resistance.
We saw this happen yesterday with strong bullish pressure.
Now, we could see a pullback before a continuation upwards.
As the trend and momentum is up, we are inclined to trade with it.
If price pulls back to the region, finds support and bounces with bullish rejection, we'll go in for buys.
Short Vision on CAD JPY for 10/08/2021Hello Dear Traders,
You find below my analysis for CAD/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame CAD/JPY will fall to 87.4 as I am showing in my chart. Our Daily Goal is 87.24.
Currently, CAD/JPY is moving towards the resistance level 88,where there is some liquidity from this value we are looking for short-term selling opportunities of CAD/JPY.
Good Luck and enjoy your Bearish Market for today.
Entry:@88
TP1: @87.75
TP2: @88.55
TP3: @89.25
SL: @88.2
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
reached sell rangeCADJPY has arrived at the lower end of sell zone 87.85 - 88.09 within the bearish pennant, which is a great opportunity for selling.
Enter short trade at higher price if you believe price will still move higher, I entered at 87.89
SL: higher end of the sell range or higher than the upper trend line.
TP: Fib based, expecting it to break lower, but don't be greedy :)
GL
CAD/JPY New Short Setup Available To Catch 200 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CADJPY Short IdeaCADJPY failed to break through resistance and it also closed in the daily timeframe as a bearish pin bar. Also, in the weekly timeframe there's some sort of head and shoulders formation. Overall trend is bearish in the daily timeframe. If you are taking this trade, try not to risk more than 2% of your account. Good luck and have a successful trading week.