2X CADJPY 1D Tech. Analysis!CADJPY has broken the mid-term bullish trendline and came back to retest the order block in the 106.375 area. We also see a possible head and shoulders forming, so this is what we are going to play down to the long-term trendline! We are going to wait for the break of the short-term bull trendline for a safer entry! but my entry is already in @106 area! Wait for confirmation, be patient and lock in profit!
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CANADIAN DOLLAR / JAPANESE YEN (CAD JPY) ANALYSIS Hi guys
. I have marked the important levels in the chart.
.The price is near the resistance range. We expect the price to fail to break the resistance. We are looking for a reversal signal to enter a sell position
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CADJPY possible buy zone!!Dear traders,
CADJPY is in a bullish trend for an extended period of time.
currently, the price has formed an inverted head & shoulder on the 4H and broken up with a bullish engulfer. If the price shows a strong rejection to the upside from the neckline of this inverted head & shoulder, there is a high probability that the price will continue to rise.
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CAD/JPY BULLISH PATTERNCAD/JPY currency pair had formed a breakthrough on a triangle pattern on the 4H graph which might suggest a bullish movement of it.
MACD Histogram is above the 0 line and both RSI moving averages are above the neutral 50, both indicating potential bullish movement.
If this movement gets confirmed the pair might try to reach back its levels of 106.5 but if the opposite scenario occurs, the pair might test its previous low on 102.95
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CAD/JPY SELL SIGNAL...VIEW
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CADJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CADJPY : Current Situation & Technical , Fundamental View#CADJPY
Due to MARKET RISK ON, CADJPY went up a bit. But now CAD UP is being done again. We expect CADJPY to go UP again.
Either way, that price can retrace to the CADJPY MAIN TRENDLINE. After that the MARKET can go UPSIDE. The reason for that may be due to OIL PRICES UP. JPY WEAKNESS will also affect this. You can definitely buy at the CADJPY 108.691 level. For that, MARKET RISK should be ON SHORT TERM.
But according to the STRUCTURE, CADJPY can move up to 103.340 LEVEL on the TREND LINE. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK ON in the coming days. We must pay attention to the MARKET SENTIMENT.
CADJPY - Buy/Long - Ascending Triangle.CADJPY - Buy/Long - Ascending Triangle. Price has been knocking on the 106.200 zone for a while now and we might just see it break-through to the upside. Price has been making a series of higher lows to this point, indication strong momentum.
Always Use good risk management, only risk 1% or less on any given trade. When a certain % or pips in profit move stop loss to breakeven. Also consider taking partials along the way or trailing profit in case of a reversal or if price surpasses our target level.