Cadjpysell
CADJPY ! Beginning of Downtrend short trade idea 📉CADJPY 2 times test 107.600 level /Strong resistance/. Last time test price get hard dumped. My guess is beginning of CADJPY downtrend. The price retest 61.8 fibonacci level get rejection.
CadjpyCADJPY
Tested weekly resistance area and fell down
after making a head and shoulder pattern
another head and shoulder continuation is in the making
Short 103.9 - 104.33
SL 105.12
Target area 102.461
Target area 101.434
CADJPY SCALP SHORTHi Team
This is a short and sweet technical chart analysis.
We are in a short consolidation phase (likely due to low market volume) at the end of an ABC correction for this pair, sitting just below regional pyschological resistance.
I expect a drop at least to the 1H ascending correction support, if not further.
This is a straightforward trade - clear invalidation level marked, and high probability TP.
The markets are moving with low volume at the moment, so I will only be posting ideas with merit. Likely will see more from me tomorrow.
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Good luck, Trade safe
DrBear
CADJPY possible buy zone!!Dear traders,
CADJPY is in a bullish trend for an extended period of time.
currently, the price has formed an inverted head & shoulder on the 4H and broken up with a bullish engulfer. If the price shows a strong rejection to the upside from the neckline of this inverted head & shoulder, there is a high probability that the price will continue to rise.
Thank you for visiting this idea and press like button if you enjoy this content :)
cad/jpy sell oppertunitycadjpy like other jpy pairs broke support and now back to retest the broken area
look for bearish confirmation on lower time frames and enter sell with your own money management
CAD/JPY SELL SIGNAL...VIEW
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CADJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 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.
CADJPY Set UpsThese are the set ups I see on CADJPY. Of course, we always wait for price action to show us which direction the market will end. What do you think?
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.
CADJPY SELL ANALYSISLooing at CADJPY on 2h timeframe
We looking for a possible SELL/SHORT position
We looking for a possible downward at this phase
CADJPY SHORTCADJPY analysis update and I’m seeing it’s going to move for +120 PIPs to the downside ✅
Cadjpy Looking for SHORTS.....Am waiting for the breakout of the denoted level and retest for entry short .....
Targets on chart. Like & Subscribe.
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 !
CADJPY Re-Testing Top 106.25 resistanceMajor resistance-106.25
Near-term support-104.80
Trend reversal level- 104
CADJPY is in bearish trend ...According to volume and technical analysis , CAD/JPY is in downtrend .
put your sell limit orders and relax .
Entery points are the 3 levels of Fibo ( 1 , 0.5 , 0 )
SL @ red Fibo level
TP @ green Fibo level
Good Luck guys ;) ...
CADJPY Short OpportunityWe are seeing the CADJPY to go down and break the 101$ mark.
Let's get started!
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If the price hovers around this current market price or respects the trend line then we can expect the prcie to be in the channel which can easily give us 300 pips profit
CADJPY SHORTING WEEKLY TIME FRAMECADJPY has reached and been rejected from 2014 big resistance level.
Weekly time frame:
rsi = overbought
macd = weaken.
It got rejected from resistance in 8 june 2022 and tried to retest it but failed in 21 june 2022.
However on the 1 hour time frame, it failed to break LL of 10200 in 16 jun 2022.
But higher time frame moment is down, expect market to go down.
Cadjpy has been pumping due to the war = printing + exporting stuff.
CADJPY - SHORT POSITIONShort Position
LH LL in formation
Bearish structure
can be short after LH is formed
CADJPY SELL with 3 confluences We will be looking to short CADJPY. The market has been bearish for several days. We can see signs of market exhaustion.
1. Trendline Breakout
2. Breakout Of Key Level
3. Retest of Key Level
Target is the low of the month. Risk Reward is around 1 to 8.
Cadjpy risky longsCadjpy has been in a long term uptrend, so we should be preparing for a distribution.
Nevertheless, this lends credence to a trend following approach being optimal.
A pullback to the previous high of the pair should signify a highly probable formation of a Higher Low to shoot for a continuation long.
Incidentally the pullback zone is also the 61.8%/50% fib level of the upmove.
The bullish break and retest of the LTF descending trend line and the LTF minor resistance should most probably start a bullish climb to equal highs at least.
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