In the time of 15 minutes, it is located in an important resistance zone, which, considering that it has tried to break the zone several times, and now the current kinetic movement will have the ability to break by maintaining the support zone up to the previous high compression.
This is for short term Marked Possible Buy zone Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter And this is risky too. Please DYOR before entering the trade.
#CADJPY UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today Anna is monitoring the pair CADJPY. CADJPY following the rectangle pattern from lat week, it turns its direction toward upside, here we had a premium zone and high prob FVG as well, we will go for short position after looking...
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Simple wedge consolidation setup at support. 1. A potential support level was initiated. 2. Level was tested and confirmed as valid support. No entry due to bad RR. 3. As price retested support and seemed to have made a potential daily low (based on lower time frames), entry was executed. For the moment, my target is wedge resistance.
Preferred direction: SELL Comment: This currency pair is actively pressing towards the support area. Most likely, this obstacle for sellers will be overcome within 1-2 trading weeks. Regarding shorter-term ideas, there will most likely be a slight increase, after which the instrument will enter into a local downward movement. Thank you for like and share your views!
After price broke structure to the downside with momentum, it formed liquidity at the bottom. It then retraced and formed liquidity at the top as well, just below an established supply that aligns with our golden zone. Price has just taken the top liquidity and mitigated our supply zone. It could now potentially begin to drop to take out the liquidity at the bottom as well
💬 Description: The key price movements happen around the level of 1.38271 for the USDCAD currency pair. A particularly important point for traders trading on a breakout. Now the instrument has accumulated enough strength, and there is also all the technical base for a comfortable entry into a long position. The next two days will accumulate important data...
We are taking trades based on the daily chart using the SAR. As shown, the entry for this trade will happen once price action breaks that level, thus creating the SAR. I kept the TAKE PROFIT very conservative, especially for a DAILY chart, but I want you to learn patience with trading the DAILY chart. Let me know your thoughts, and if you find VALUE in this...
The CADJPY pair is on a 1D MA50 (red trend-line) bounce, at the high ranges of the Fibonacci Channel Up that started on the March 2020 COVID crash bottom. The 1W RSI shows a Channel Down fractal on its second Lower Low rebound and the previous two such sequences delivered at least one more rally. As a result, we see a strong short term buy opportunity to target...
in channel structure we cantry short position. entry is 109.25 stop at %0.40 up. my final target is bottom of the channel.
For those seeking a counter-trend trading opportunity, CADJPY may present an intriguing prospect. On the weekly chart, a Bearish Shark Pattern checkback is in play. For those desiring a more precise entry, waiting for the Gartley Pattern confirmation on the daily chart could provide a strategic shorting opportunity. I'm eager to know your trade plans for CADJPY....
Looks like another rejection, could be a HL, but expecting a continuation of the retracements from here now that minor support is broken.
💬 Description: In the foreign exchange market at the beginning of the week, USD competitors attempted to continue growing, but as expected, the American took the hit and the currencies began to correct downward. At the moment, a rather tense situation has formed, however, for such currency pairs as EURUSD , USDCAD there are clear signals for a temporary...
CADJPY is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH What you guys think of this idea ?
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CADJPY it at the top of a short term Falling Wedge pattern inside a larger Channel Up. The 1day MACD just formed a Bullish Cross. Every time the price has been on the 1day MA50 while the MACD formed a Bullish Cross, the pair traded inside a similar Falling Wedge pattern. A break out followed with the price hitting at least the previous High (Resistance A). Buy...