CADJPYCADJPY: Bearish Sentiment
As you guys can see the trendline and Resistance level,
I hope it wil drop from next rejection of resistance level
Cadjpyanalysis
CADJPY Bearish possible target 89.30#cadjpy, weekly char forming lower low and lower high, high supply zone between 92.10-30. use 0.5% risk cmp, use remaining 0.5% pending sell limit order by 92.05-10. stop loss 92.60 while target 89.30.
CAD/JPY 4HR CHART BUY SET UPHi everyone this is my trade set up for the CAD/JPY for the new week ahead
CAD/JPY i am expecting a pullback to the order block zones and will be looking for a BUY trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
CadJpy- Be careful with short tradesUndoubtedly, the trend for CadJpy is bullish and, the drop from above 93 is just a correction in my opinion, with overlapping tops and bottoms(also looks like a flag).
The pair found some kind of support around 90.50 and now is consolidating.
Although I don't rule out a spike under 90, I will consider this a good opportunity to buy in anticipation of a reversal.
Also CadJpy above 91.50 can be considered a buy signal
cadjpyCADJPY - Short
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further CAD weakness & JPY strength after a short retracement period = CADJPY SHORT
What are we waiting for to happen?
- Waiting for the next pullback so we can draw WFB
What is our confirmation?
- rejection of structure and EMA
- Waiting to draw WFB
Entry
Safe Entry: Rejection of structure and then WFB once correction appears
Risk Entry 1: Rejection of structure and Fib
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 89.3
- Second TP: 88
- Third TP: 86
CADJPY SHORTCADJPY is in the beginning of the bigger bearish impulse and therefore there are two areas where price may react or reject from the region, first one is 90.97 and the other is 91.20 lets wait and see, how price react at these areas.
CADJPY ANALYSIS AND TRADE IDEA - SELL TO BUYHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
On the Monthly we are bullish with an ICI to the upside which the market is currently retesting the previous resistance turns support once we see a close above the support we can see a continuation to the upside.
Dropping down on the Weekly we have an over extended W formation where we can see a retracement to the neckline or the wick of the candle, we will base our take profit for this weekly trade on the impulse.
On the Daily we are also testing previous resistance turns resistance due to the closed below the structure, EMAs are about to cut for short though MACD still is above the 0.
Trade Signals
SELL
Entry: 90.832
Take Profit: 87.880 (295 pips)
Stop Loss: 91.775 (94 pips)
=====================
BUY
Entry: 87.906
Take Profit: 95.263 (735 pips)
Stop Loss: 86.755 (115 pips)
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
cad jpy cadjpy Rejected the structure and WFB as we said , running over 100 pips, and you can enter again now it already broke the trendline trendline , look at the link below
CADJPY Short Analysis Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
cadjpyWe may go up to retest that structure level and 4H EMA before dropping again. Keep a close eye on this one
CADJPY shortThe market is starting to move down. I marked the place and the price for short. I am waiting for the price to return to the short zone. After receiving the signal from the chart, I will open a position
CADJPY 🔥🔥🔥 OUTLOOKCADJPY 🔥🔥🔥-
If price should break 91.036 level, then we want to see a retest of our order block at 90.674 level before we jump into the wave.
Entry - 90.674
Tight SL - 90,520
Target - 91.984
RRR: 1:9🛩
If i do not see these confirmations, i will stay out.😢
PLEASE LIKE AND COMMENT TO ENCOURAGE MORE IDEAS
CADJPY 4HStrong weekly resistance established so we are looking for at least a 100 to 200 pip push to the downside and further analysis to
see if there will be a larger 300 to 400 pip push down to the next weekly resistance level.
CADJPYCAD/JPY GOING DOWN. This Market Has Now Created a Descending Chart Pattern. So The Market Is Now Possible To Go Down.
cadjpyCADJPY - SHORT
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further CAD weakness & JPY strength = CADJPY SHORT
What are we waiting for to happen?
- Waiting for the next pullback so we can draw WFB
What is our confirmation?
- rejection of structure and EMA
- Waiting to draw WFB
Entry
Safe Entry: Rejection of structure and EMA and then WFB once correction appears
Risk Entry 1: Rejection of structure and EMA
Once entered, where will our Stoploss be?
- above the rejected price (ideally above EMA )
Where do we take profits?
- First TP: 88
- Second TP: 86
CADJPY all the way upWhat's up guys!
I'm looking for major buy setups on the retest as price break through the daily resistance zone
I would have entered on the break but I like using a more conservative approach when it comes to currency pairs
Based on the market structure , price can still make higher highs after the break of the 4H trendline and the last swing high showing the bulls back after a corrective phase
I still zoomed into lower timeframe to look for more setups to capitalize on this trade
I will not enter this if it doesn't fit into my trading style
What do you guys feel ?
CADJPY LONG POSITIONAccording to Elliott wave analysis, we believe that we are in microwave 4 of the larger wave 5. so to complete this cycle there is a need for another up to complete the 5 microwave of the larger 5 wave .
GOOD LUCK and dont forget to like and comment if agree or disagree
Currently forming a bullish flag patternExpecting a bullish rejection due to the bullish flag pattern forming. Still bias bullish due to the strong bullish momentum in its previous movement.
CADJPY Short Analysis Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
CADJPY Quick Low Risk High Reward ideaEntry : Current Price
Take Profit 1 : 92.020
Take Profit 2 : 92.197
Stop Loss : 91.727
cadjpy deeper retracement after a break of the trendlinetriple top triangle pattern with bearish engulfing in H4 timeframe and a break of the ascending trendline indicate a strong bearish momentum for this pair after it fail the previous analysis.Still bias on being bearish on this pair for a retracement in a long term bullish .
