Cadjpysell
CADJPY will probably drop after the correctionHello guys,
Trade it after the break of the small trend line
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CAD/JPY - continued bearish movement to 78.00?CAD/JPY has experienced a sustained bearish movement for the past couple of weeks, breaking to the downside from a consistent daily ascending trend channel. This event, coupled with the overall weekly bearish trend, means our bias is towards entering short positions. Price kissed the upper boundary of the weekly descending trend channel at the start of September, since then bears have flooded the market and currently there seems to be no hold up. On the 4H timeframe, price has been taking a breath, but we believe bearish momentum will be enough to force price down to retest at least the support at 78.00. There is also currently a 4H descending trend line that price is respecting, making for potentially a good entry. After 78.00, a secondary target would be the level of support at 77.13.
If price closes back above the daily ascending trend channel this analysis will be invalid.
CADJPY - Outlook 20 Sept 2020 - Sell BiasedHi all traders,
This is a video analysis of cadjpy.
As always, i have pre-warn some nice levels within cadjpy for traders to take extra note of it.
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CadJpy- 80 should be soldAfter breaking the neckline support of the H&S that I ve spoken about in my previous CadJpy analysis, the pair dropped pretty quickly and reached the measured target at around 79 zone.
Now the pair is correcting this drop and a retest on 80 new resistance is not out of the question.
I will look for selling opportunities in that zone for a trade with 1:2 R:R
CADJPY is approaching towards august lowCADJPY
At 81.500 level this pair got some major rejected fourth time and felled towards 80.000 psychological level.
The medium term trend line was broken on September 08 and the price was Retested and currently its trading below 23.6% Fibonacci and 81.00 level.
Bearish engulfing candle is formed at H4 timeframe. Next downside resistance would be 80.000 and 40% Fibonacci level.
We can short this pair at this level and the target would be around 78.550 which Is a low volume and profit taking area.
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It’s not a financial advice. Do the analyze and take a decision .
CadJpy- A break under 80 confirms H&SI'm bearish this pair since it was just under 81... As I expected, the pair dropped in the first stage to 80 zone and now is sitting just on the neck-line support of a H&S pattern.
A break here should accelerate losses and the measured target is 79 which I expect to be reached in the next few trading sessions.
CADJPY sell outlook for 15 Sept 2020Hi all traders,
This is a trade video analysis of CADJPY.
I have pre-warn some levels within the video for traders to take extra on it.
Take note of those levels and trade safe for it.
Happy pips as always and cheers!
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CadJpy- Sell rallies is my strategyAfter almost 2 weeks since I call for a drop, CadJpy finally went down and reached my target in just one day.
As I said, 80 zone is support and I expect a correction from this point.
Rallies should be sold for a break of 80 support and a new leg down that can reach the next important support at 79
CADJPY - Sell biased for nowHi all traders,
For cadjpy , im looking as a possible H&S formation.
Any buy should only happen if it breaks above the head.
If the grey area shows any reversal or strong rejection, we should be looking to sell this pair downwards.
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CADJPY - SWING - 07. SEPT. 2020Welcome to our weekly trade setup ( CADJPY )!
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1 HOUR
Bearish market open and pressure.
4 HOUR
Overall good short entries! Prices look like they`ll keep dropping.
DAILY
Expecting prices to push towards previous weeks lows..
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FOREX SWING
SELL CADJPY
ENTRY LEVEL @ 81.020
SL @ 81.410
TP @ 80.510
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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CadJpy- I'm still bearishLast week I said that CadJpy could have found a top at 81.50 zone and a drop to 80 is not out of the question.
The pair is consolidating under this resistance as if is waiting for a trigger.
I maintain my bearish outlook and I expect CadJpy to drop to at least 80 zone. Also, a correction in Oil price would t hurt...
CADJPY - sell biased Hi all traders,
Im still looking to sell this pair and i will take it as a range trading for now.
So keep a good look out for this pair as this week we have some cad news and this pair is gonna be very interesting to get some nice pips out of it.
Any buy will only happen if the top of the range is broke out of it.
Cheers and have a nice day!
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Disclaimer: all trade ideas shared are only of my own personal views, it's not a financial advice, thanks!
CAD/JPY Sell Signal - ForecastAs you can see CAD/JPY is nearing it's previous resistance level at around 81.400 . which has also acted as a resistance level multiple times before.
If we see good sell movement (Red Candles) we can confirm that it will in sell till it's next support level which is at around 79.350
Note : That these key levels are not exact and price can move from near them ( For ex: 79.350 is support but price can move also from 79.360 etc)
Thank you. if you have any other idea regarding cadjpy pls share in comments.