30 MIN Chart potential bat pattern.
CAD JPY shows the Compression Buy characteristics: 1. Supply is all clear 2. Shows a sloping angle which is a high probability to go up. 3. There is a big news impact for CAD - GDP m-m this shows my analysis of CADJPY , please trade carefully guys.
Pair is showing some indecision to follow that new 1 hour impulse. Maybe we will have some correction to the bottom of channel(83,10 aprox). Then, if price don't break that channel, probably a new impulse till top of channel will appear. Then, a 61,8 fibonacci retracement would be completed, and a new possible bearish scenario will emerge.
CADJPY been bearish for a while, and now price reached an important area. We have a good support level, 200 Daily MA at the same level, 50% Fib, two daily pin bars, and RSI "oversold".
Descending channel is about to be broken. The pair will fall down to 80 in coming days. We post more charts on lower time frame to further elaborate the idea.
On Friday the CADJPY broke below the 84.60 handle. This level supported the pair on December 5th of last year but had more recently attracted buyers on February 28th and March 9th. Today’s high of 84.61 illustrates a retest of this area as new resistance. And last week’s breakdown suggests that we could see prices continue to slide lower over the next few...
Hi,traders!The price will test 84.8!I hold a point:Good charts does not more words to explain! Good luck!
We see the price fall to the strong resistance at 84.70
After completing double top, the price is going towards double bottom at 84.80 to 85.00 level - We see a big move from 85 to 86.50 in a shorter period of time.
Take Entry @ 85.10 Take Profit @ 83.30 Stop loss @ 87.65
We take a short position from 86.50 and book profit at 85.80 in a shorter run.
This could be a good bull run! All signs pointing to the BULLS! ;) Trade responsibly!
Hey guys, i want to share one of my today's favorite setups, which is on CADJPY. The chart explains everything but basically i've found several clues that all point in the same direction, namely long. It's important you know i don't even start building a case for entry without structure; here we have higher timeframe structure and trading timeframe structure at...