CADJPY Set UpLooking to short this pair as there is major resistance above. Would love to see price break the trend line and then retest before entering for a sell. Of course, price can break June's highs and the 2 resistance above the current price on the chart. Would take news to do so in my opinion. Tuesday and Wednesday this week are important days to see what this pair will do the upcoming week.
Cadjpyanalysis
MY VIEW ON CADJPYhello guys, t his is my insight on CADJPY, from H1 point of view the price broke the daily trendline and retested it then in H1 it formed head and shoulder chart pattern which is a strong selling signal, not only that but also it has broken minor trendline in H1 and it retested both the trendline and the neckline of the head and shoulder pattern, hence this gives us a clear selling signal.
CADJPY SellMy Bias is to the down zone as a 4-hour and daily zone exist above in a downtrend. Price has also just broken support. I'll be looking for an hourly close below support and/or the next 4-hour candle. CADJPY is volatile and can very easily wick back up. Let's see what happens. A perfect scenario obviously is a break and retest.
CADJPYHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
CADJPY view with smart money concept
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit day guys
CADJPY : Current Situation & Technical , Fundamental View#CADJPY
Due to MARKET RISK OFF, CADJPY is going down a bit. We expect CADJPY to go UP again.
Either way, that price can retrace to the CADJPY MAIN TRENDLINE. After that you can go DOWNSIDE the MARKET. The reason for that may be due to the fall in OIL PRICES. You can definitely buy at the CADJPY 104.90 level. For that, MARKET RISK should be ON SHORT TERM.
But we can sell CADJPY up to 100.00 LEVEL according to the STRUCTURE. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK OFF in the coming days. We must pay attention to MARKET SENTIMENT.
CAD/JPY Short 4RRYesterday @ 10 AM I entered a trade with 2RR for prop account and actually forgot about it. This morning when I woke up it was the first thing I remembered and immediately ran to the PC to set stop to 4RR but was too late and trade took profit. My point is your system should work for you when you see a trade take it and stick to it !