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Cadjpyshort

CADJPY short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
1
THIRD TIME'S THE CHARM! CADJPY SELLCADJPY has ranged from 83 to 85 over the past week with it almost reaching 85 by Wednesday and dropping back down to 83.6 at the close for this week. Despite this, the pair still manages to stay on the short-term support it has built throughout February (purple line). The RSI is relatively low at the moment, though from the past few days I can see a possible right shoulder developing in the upcoming days which could mean the price for the pair could go up before dropping back down again. Drawing Fib retracements from October 2019 where the pair reached 85.4 all the way down to the 2020 lows, the 78.6% Fib is at 82.8 which also happens to be an extrapolated long-term support from November (blue line). I'm planning to put an entry to short at 84.5, targetting a move down to 82.8 with a SL at 85. Ideally I would want the pair to hit the low 70s but this is a more conservative target especially as the sell could bring more buyers back. Please leave a like if you agree and comment on your thoughts on the pair and the direction it's heading in. Thanks!
Short
by bhavik3691
1
CADJPY – Nice BIG shifting of direction is happening!If you’re following my analysis, maybe maybe you guys are already bored with this, .. and I don't know how many times I've said it,.. but I want to say it once more,.. just be careful,.. the direction is starting to shift now,.. We are already seeing some nice shifting of direction these past 2 days and I’m expecting this to continue for a very long term. The way the market move recently is a typical move and structure that I recognize to repeat itself and play over and over again. All risk currency keep going higher and higher in a corrective structure. Evenmore, they break significant inflection point area in daily timeframe just to retrace back impulsively like this. This is a common price move to catch more and more people on the wrongside of the market before the big real move start to happen. I do believe starting from now we will start to see a risk-off mood across all currency pairs, and when it does play, CADJPY is surely one pair that we must keep an eye for. In this pair, we can see a really nice ascending structure in multi high TF and it already showing us a nice rejection from the top of it. I will wait for any break of continuation flag structure (minimum in H1 TF) to confirm the move to the downside. I will just let the target open while trailling sl along the way as the market start to give a momentum. Lets see how far can this pair go. On another hand, eventhough I see it as a least probable outcome, if the price break above the 25th February high at 85.100 area, it will nullify this forecast and I will wait for the market to shows it hand first by forming a better structure to see. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
6
CADJPY - SWING - 22. FEBR. 2021Welcome to our weekly trade setup ( CADJPY )! - 1 HOUR Very bearish market open! 4 HOUR Overall turning market structure..expecting more downsite. DAILY Expecting prices to push towards previous lows. - FOREX SWING SELL CADJPY ENTRY LEVEL @ 83.380 SL @ 83.800 TP @ 82.800 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
43
#CADJPY Trending down#CADJPY Continuing to rise in the upward channel that began its existence in October 2020, the price came to the strong resistance zone of 83.83 formed at the intersection of two lines. One of these lines is the channel resistance line. The second is the currently strongest resistance line for the chart, created in 2015! Despite the fact that the last days the price has shown growth and has grown to the upper border of this zone, I expect that its next step will be a fall. The price will bounce off the 83.83 line, break through the 83.55 zone and fall to the support line. So my final target is the 82.09 support line.
Short
by fxpremiere