Cadjpytrade
CADJPY - Expect retracement ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 103.000.
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USDJPY and CADJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 OHLC MONTHLY STRUCTURE IN DAILY TIMEFRAME(Sell Setup) 🚨CADJPY
OHLC
MONTHLY STRUCTURE
DAILY TIMEFRAME (Sell Setup) 🚨
The CADJPY pair is exhibiting a noteworthy OHLC (Open, High, Low, Close) structure in the daily timeframe. Currently, the price is being rejected below the resistance level of 104.589 .
Anticipating a close below 104.088 , it is advisable to wait for a TDI cross to validate the presence of selling pressure in the markets. Once the cross occurs, the initial target would be 103.215 , followed by a second target of 102.914 in the daily timeframe.
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
Buys are valid on cadjpy!!Price has broken a major high on the 1 hour. Then price made a new high which was our indication that price can go higher. Ater a new high is made we know that a pullback is needed which can either make a new low or make a higher low. In this case we have a higher low which means that we can expect a return to our new high. Seeing that the bulls are in control of the market at this time I entered in two positions.
CADJPY - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to go a little bit lower to fill the imbalance and then to reject from bullish order block + institutional mid figure 101.500.
Like, comment and subscribe to be in touch with my content!
CADJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 BUYSHello traders, trust y’all are having a great week, let’s talk about CJ we are Currently having A Head and Shoulder Chart Pattern And we all knows what it means and what prices is actually saying so not much to say let’s wait for price to retest zone 98.754 for a Shoulder to be formed then we can start seeing a bullish continuation pips target for this trade is about 170 pips, price target is 100.550 tell me what you guys think about this trade thanks
CADJPY SHORTOn 4h timeframe it got rejected on resistance level, it looks sideways though, for 2hr timeframe it looks bearish for me, and might go back to the 2hr supply area and sweep the internal liquidity. However on 30m timeframe there is a supply area, if ever it price gets rejected on that supply area, I guess it can be considered as the new Lower high and may not proceed to the 2hr Supply.
CADJPY Trade! Before / After.Hello traders around the world!
My name is Alexandre Karim and today I am going to tell you how I took my double short position on CADJPY.
In my previous analysis on this pair (Shared Apr 18), I was looking for a reversal pattern in this area since we are on the third touch of the upper TL.
The price went up correctively reaching this area & gave us a double top as well for more confirmation.
Therefore, the pattern that I took (First short position) was the break out of the hourly ascending channel and I sat my SL above the previous high (100.664). When the price gave us the first impulse all the way down to (98.930) I moved my SL to Break Even.
The second pattern / second position that I took was the hourly bearish flag signaling a continuation to the downside.
My entry was at the break out of the structure (Bear flag) + my SL at (99.588) above the previous high.
Then moved my SL to BE when the price gave us the impulse to the downside.
Currently both of my positions are at BE now and I will be waiting for 1 hour corrections to lock above them and secure %
Patience is key.
Risk management is crucial.
Aim for quality trades.
#THEPRIMES