CADJPY HARMONIC PATTERN COMBO: With the JPY getting strength, FX:CADJPY may fall to that level.
Waiting to see if this bounces again off the lower channel boundary. If so, will look to open a long position once we have a suitable confirmation candle. This idea could take a few days to develop, will keep it updated.
FX:CADJPY 0.11% End of bears action at 82.30 the price is rejecting to go below Monthly Resistance 82.30. Bulls should be entering anytime soon in next couple of days. E : above 82.30 to 82.50 SL : 81.95 TP : 84.1
CADJPY is testing major resistance at 86.26 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, pullback to descending resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 85.86 (Fibonacci retracement, horizontal overlap support). RSI (55) sees descending resistance line provide...
CADJPY has been stuck in this range for WEEKS. I have continued to check it's situation however it is still struggling to break 85.75 high and 84.30 low, I will continue to monitor this pair but not really any opportunities to take advantage of until it break this box. Once it does, I will wait for a retest and then enter. Patience on this one guys! Unless...
This short on the 12H is unique because of the way the second blue line (ray) cuts into the strong down bar, for me it creates a compelling reason to sell, as well as the the double top, although there is no immediate structural support to the left, the pattern alone gives it a chance. I could see in some respect price respecting the 50% fib on a larger time frame...
CAD/JPY has lost quite a lot from 91.5 to 88.5 since the beginning of this month. It currently still hasn't found it's major support to get into a reversal. We can expect it to fall further down about 100 pips if the current suport is broken. As always, risk manage properly. Happy trading!
Wait for close of the daily candle then make your final decision.
We SHORT this pair for 300 PIPS .. Let's Watch !!
CADJPY is in a major support/resistance zone. Although there is room for further up movement, the risk:reward is not preferable for me. As we approach the resistance I will look for confirmation to short this pair with a long-term potential for 500 pips. This research is for informational purposes and should not be construed as personal advice. Trading any...
We take SHORT position from here and book profit at 84.75 Let's Watch !!
Potential CADJPY SHORT based on Daily and 4H chart. Price seems to breach the Daily and 4H seller zone and has strong selling momentum. It is a pending order, once price goes below the low of the previous 4H candle. It will trigger. Let's see how it goes.
Hi traders, We are going to wait for a break of the trendline after a triple top has been created with a final exhaustion move. After the price, I suggest going short with half position as I'd like to wait for a break of the strong zone that has been drawn with a light blue rectangle. Once this is broken with a momentum candle, I will go short. There was a long...
CADJPY has been hovering around the same resistance area for a week now trading very side ways. Failing to break this resistance for such a long time basically proves that big money feels that CADJPY is already price high and they see the current area at the max. Why it hasn't go down yet? Well maybe the big money doubts the YEN a bit... but it also doubts the...
As this pair has closed with a bearish candle, this pair is still on consolidation mode just right at the monthly's inverse Head & Shoulders. Despite the bullish stance the Japanese Yen is delivering to the market in addition to the bearish stance Crude Oil is giving, the Loonie-Yen pair is still able to maintain its consolidation mode. Whatever path it takes,...
CAD/JPY 0.31% is most possibly in a reversal mode at the moment being. In the shorter term charts, we can see the convergence divergence with the MACD , with prices moving higher yet MACD making lower lows. If this resistance holds then we can expect CAD/JPY 0.31% to go down at least 200 pips. Always trade with your own analysis as well as money manage...
As shown on the graph representation, the CADJPY monthly time frame has formed an inverse H&S... and it is currently hovering at the neckline of the monthly inverse H&S! It's gonna be tough... but it's going to be interesting! I currently have long CADJPY as seen on my previous analysis.
As seen on the graph represented for you, the 2-hr ascending trend line has still been intact. Whenever it has broken a consolidation, it has allowed to push higher... then back to consolidation before any push higher. Due to the recent events of the Bank Of Canada wherein it has applied a rate hike after years of keeping the rates intact, the Canadian Dollar has...