Cadjpyshort
CADJPY - SWING - 29. MAR. 2021Welcome to our weekly trade setup ( CADJPY )!
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1 HOUR
Bearish break and closure.
4 HOUR
Overall bearish market structure!
DAILY
Expecting more downside pressure.
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FOREX SWING
SELL CADJPY
ENTRY LEVEL @ 87.020
SL @ 87.330
TP @ 86.220
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
CADJPY - Bearish BiasCAD - BEARISH
1️⃣ Oil prices sank more than 5% on Tuesday, with WTI crude trading below $60 a barrel and Brent about $62.7 a barrel amid escalating worries that the third wave of COVID-19 cases in some countries in Europe and slow vaccine rollouts in the continent will hurt a recovery in fuel demand.
JPY - BULLISH
1️⃣ A string of renewed coronavirus restrictions in Europe boosted a safe-haven bid.
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Technical
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We are looking to sell the CADJPY at SBR + below SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
CADJPY SELL | Going down Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity CADJPY .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
CADJPY - Bearish BiasCAD - BEARISH
1️⃣ Lower oil prices weighing on the CAD.
JPY - BULLISH
1️⃣ The BoJ explicitly said Friday it will allow long-term interest rates to fluctuate in a wider band. The bank also removed a 6 trillion yen ($55 billion) annual target for buying exchange-traded funds while maintaining a ceiling of 12 trillion yen in a move designed to allow yields to fluctuate more and breathe life back into a market made dormant by the BOJ’s dominance.
2️⃣ The Japanese government fully lifted its second COVID-19 state of emergency Monday after extending it twice, as the nation remains on high alert for a rebound in new infections.
3️⃣ Risk-off tone supported the safe-haven JPY.
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Technical
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We are looking to sell the CADJPY at resistance + below SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
CADJPY SHORT Safehaven Yen CurrencyThis is something that could possibly play-through around the FOMC rate decision, but this would seem an exceptional case that may or may not happen. So, instead, a shorter-term level around 86.25 could be looked to for higher-low support potential, and from shorter-term charts, we can see where there was a bit of gyration around 85.70-86.30 which can present an area of potential higher-low support for bullish continuation scenarios
CADJPY SELL | Going down, Sell at the break!Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in CADJPY .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
CAD/JPY SELL (RETRACEMENT)CAD/JPY has been in an uptrend since the beginning of the year, respecting the blue trend line .
Since the beginning of the month the price has been following the green channel within the Blue Trend line .
The price has rejected a key resistance area and i expect a correction of the price to happen reaching the bottom green trend line .
This is shown by the grey path drawn.
In the bigger picture I expect the price to show a retracement/ correction until it reaches the Main Blue Trend Line .
Adding on to the confluence the 0.618 fib level intersects the Trend line , which is where the price is likely reach and show a reversal .
This is shown by the red path drawn.