CADJPY trade ideas
my outlook on cadjpy from 3M TIME FRAME TO DAILY time frameCJ has just broke the major support that held the market as a bullish trade ,on higher time frames cadjpy has retraiced at fib 88 of the prev hh on 3m tf, the market has significantly form new lows regarding breaking of the structure ..on my view ill be waiting for retaivement at fib 78..having a bearish trade
CADJPY Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Selling CADJPYHello traders!! I've been looking forward to buy JPY for a while now and I think now is finally the time. Let's dive deep
This trade is based on the continuation of this downtrend
This is not my first time taking this trade, I took it before but it ended up hitting my trail SL.
We have been struggling to break this trendline but I think now it is time. Please traders be careful of the fakeouts.
Even when we look at our EMA we can se that the market has been in a range for quite some time now.
CADJPY "Loonie yen" Bank Bearish Robbery Plan on Short sideOla Hola Robbers / Traders,
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Stop Loss : Recent Swing High using 4h timeframe
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CADJPY Price AnalysisCADJPY Price Analysis
Technical Analysis:
CADJPY broke out of an ascending channel signaling the start of a bearish wave.
If all goes well, we can see that CADJPY should start to move lower.
The first support zone is found near 105.50 which corresponds to a strong zone.
If this zone doesn't stop the price then CADJPY should continue to move lower to 104.40 and a maximum of 103.00
The Japanese yen advances as traders expect the BoJ to implement another rate hike in the near term.
The US Dollar loses ground as dovish Fedspeak raises odds of a Fed rate cut in September.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CADJPY: Breakout & Demand Zone📈CADJPY surpassed and closed above a strong horizontal resistance cluster on a daily basis, as well as a significant descending trend line.
The violated vertical and horizontal formations now form an expanding area of demand.
I anticipate a bullish trend to emerge from the highlighted blue region, with a target set at 110.00.