seems like cadjpy finally getting ready for reversal forming ascending broadening wedge in 2days timeframe incase of breakout expecting 800 to 1000 pips bearish move wait for breakout to be confirmed for entry
The CADJPY pair broke below the January 19 Low and the Arc pattern is giving the same confirmed sell signal it gave on November 11 when this multi-month downtrend had started. Even though the downside may be quite significant if it imitates the whole November - December move (-14.22%), we will target 90.000, which is the top of the 1 year Support Zone, slightly...
Hey Traders, in today's trading session we are monitoring CADJPY for a selling opportunity around 96.6 zone, CADJPY is trading in a downtrend and now seems to be in a correction phase in which it approach the major trend around 96.5 Support and Resistance zone. i Expect JPY to continue outperforming commodities as JPY is considered a safe haven in such a risky...
Good Night :) GBPAUD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step,...
Hey Traders, JPY seems to be recovering. CADJPY was trading in an uptrend and successfully managed to break it out. now in a correction phase and we are watching a potential retrace of the trend line around 99 supply and demand zone. if it retraces properly i would expect 97.2 as it's considered the major next resistance and support zone. Trade safe, Joe.
Looking at the H4 chart, we are waiting to sell at 100.70 which is an overlap resistance, take profit will be at 97.76 which is an overlap support and stop loss will be at 101.95 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary,...
CADJPY on the 4h chart has been trading around the 100 level in a distribution phase. Lately the market broke below the area and close the day of yesterday below the support zone. In this case, the pressure of the seller might increase and if the price retests the previous support now turned resistance we will look for a nice short order according to the...
Hello guy! CADJPY Idea! This is a CONFIRMATION entry.. Will look to enter AGGRESSIVELY! Take care!
The CADJPY is still in an uptrend, although it has shown signs of weakening over the past three weeks. This is evident from the converging peaks and the inability to make new highs, as well as the appearance of divergences on momentum indicators. By examining the weekly chart, it is clear that there is a Doji candlestick, while the daily chart shows a bearish...
Looking at the H4 chart, my overall bias for CADJPY is bullish with the current price being above the Ichimoku cloud, Looking for a buy entry at 100.159, to retest the overlap support and 23.6% Fibonacci line. Stop loss will be at 99.452 where the recent low and overlap support is. Take profit will be at 101.054, where the previous swing high and overlap...
Looking at the H4 chart, my overall bias for CADJPY is bullish with the current price being above the Ichimoku cloud , Looking for a buy entry at 100.159, to retest the overlap support and 23.6% Fibonacci line. Stop loss will be at 99.452 where the recent low and overlap support is. Take profit will be at 101.054, where the previous swing high and overlap...
I an able to spot a good trade opportunity on CADJPY, but at the moment, the direction is not very clear, since the pair has been ranging since Monday Open. I keep wating for a nice Trend to join at the top pr bottom. A break above the supply zone would mean Buy for me while a break below the demand zone would mean sell. Both entry will be taken in 15Min TF and i...
Hi All, following on from our last analysis on this pair, we can see price now forming a rising wedge and we have now completed a LH on D1, our bias is still bearish with caution as JPY fundamentally is not in the right path!. With that been said we are looking at buy JPYs in the short term which means we will be bearish other currencies against the JPYs....
Hello Traders! CADJPY - could be a good buy opportunity, the overall bias is bullish, we do have a squeeze at the moment, but I believe the bullish momentum will take this trade further, and once it breaks the resistance this trade has huge potentiall to go much higher. Obviously you can wait for a break of resistance and a pullback which would be a even more...
CADJPY reached a solid horizontal key level yesterday. The price formed an inverted head & shoulders pattern on that on 1H time frame. Its neckline was broken then. I expect a bullish move to 100.0 / 100.25 ❤️Please, support my work with like, thank you!❤️
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on H4: Left Chart CADJPY is sitting around a daily resistance and round number 100.0 so we will be looking for sell setups on lower timeframes. on H1: Right Chart CADJPY formed a head and shoulders pattern but it is not ready to go yet. 🏹 Trigger => for the bears to take...
CADJPY broke and closed above a wide horizontal supply zone on a daily. The broken structure turned into a demand zone now. Probabilities will be high that the price will bounce from that. Next resistance - 100.95 ❤️Please, support my work with like, thank you!❤️