CAD/JPY Made Double Top And Short Setup After Daily Closure HereThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Cadjpyshort
CADJPY 15min ANALYSIS (SELL)In this analysis we sell this pair because of a strong resistance above. The price has reached a strong supply zone. Therefore we expect to enter the market as sellers. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.
Sell CADJPYCADJPY midweek analysis
📉SELL
The pair has been on a downtrend since June. Early this week price has been consolidating on the Low Of June and yesterday price created a bearish OB on the Daily tf so that price can go lower to retest the Quartely low level at price 86.200. This is our expected TP which is 100 pips away
CADJPY Could Go Lower
Welcome back Traders, Investors, and Community!
Hi Traders, CADJPY on H4 after rejection from the Trend Line bye large red candles it’s expected to go lower.
⬇️Sell now or Sell at 87.69
⭕️SL @ 88.11
✅TP1 @ 86.66
✅TP2 @ 86.00
✅TP3 @ 85.06
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
WHAT'S NEXT FOR CADJPY?After the correction we saw on CADJPY, price eventually broke below that level and is currently at a clear 4H level.
Price will either bounce off this level to make it a higher low and even yet an inverse head and shoulder, or price would break the level to continue a downtrend.
We're waiting patiently to see what sets up.
EURJPY ANALYSISFrom the last analysis, we see price pushing down from 130.300 into 129.900.
We're watching to see what price would do when it gets there. Would it bounce? Or would it break below?
Whichever route price takes, we'll react accordingly. A bounce from this level would be that the short-term uptrend would continue.
If price breaks below, expect those sells down to a new lower low.
ready to go downNicely overbought RSI in short period on all lower time frames, ok formed inverted cup on daily chart and near 0.5 fib retracement for a handle formation.
The jump was also supported by a double bottom formation.
Note: It was a confirmed downtrend, but with the CAD coming back strong a reversal may happen. For now, it will need almost immediate correction to all it's pairs in the next day or two.
enjoy.
CAD/JPY Running In 200 Pips From Last Analysis , New Entry AddedThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions