CADJPY BUYS in play. 1. Potential Bullish Trend. 2. CAD is strong meanwhile JPY is weak. 3. Short term sellers pressure. We are looking to go Long on this pair, As the price is heading towards the support and resistance zone. We will look for confirmations on the lower time frames.
We were bearish up until this week friday, though JPY showed massive rejection and failed to take control of the price, which indicates prices are expected to rise and stay bullish for now. Let's wait for the market to show the move!!
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Observing the CAD/JPY pair, we can see that the price has broken the trendline, which, in my opinion, indicates that the price is moving in a downtrend. Alternatively, this could be a retracement before resuming an uptrend. What are your thoughts on this? Personally, I anticipate the price to reach 106.556 .
Looking at the CADJPY pair, we can observe an overall downtrend. We can see a tested resistance zone and a broken minor support zone. Additionally, there's a liquidity void left on the lower left side. In my opinion, this serves as an indicator that the price is likely to continue in this trend.
Hey Everyone, hope all of you had great weekend, after looking most of the JPY pairs, it is clear that all of them recently overbought due to JPY weakening day by day since last 2-3 months. However, a strong bearish Impulse is expected. Price needs to show an indication of strong bearish behaviour before finalising or taking any further actions. Good Luck And...
Here is my analysis for CADJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my analysis for CADJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
CAD-JPY has hit the Horizontal resistance Of 107.0 from where we Are seeing a bearish Reaction and I think That the pair will go Further down!
Here is my analysis for CADJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This should be self explanatory. The Loonie should also benefit - including for the long run! - from the global re-centralization toward NAFTA.
I believe for this pair that the bullish trend has collapsed, the trend is turning bearish for now. usually after a trend collapse, the price will correct back to near the previous HH, it's a good idea to place pending orders in the area you have marked.
Here is my analysis for CADJPY on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
CADJPY is about to break its range please place buy and sell order to take trade. Manage your risk accordingly.
SHORT trades in H4, H1 - Daily Trend is high in Curve: To take SELLS all the way to opposing zone - Price needs to remove 1 demand zone and break TL before a valid SUPPLY zone is confirmed - Alert set in Daily TF once opposing demand zone is taken out - Price also needs to take out H4 demand zone before looking for SELL trades in H1 - Alert set in H4 TF...
CADJPY is about to break its range please place buy and sell order to take trade or wait for breakout.
Here is my analysis for CADJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
CADJPY currency pair breakout trade on resistance side, You can also place Sell stop below resistance line or wait for breakout.