Due to the slowing down of the upward movement, the probability of returning from the red zone is very high. Oscillators confirm this idea to a large extent.
#CADJPY Trade Idea .........................................
While NOK (Norwegian krone) has the strongest statistical relationship with Brent and WTI crude, we can see a strengthening correlation between crude and the CAD. We see the 1-month correlation between crude and CADJPY at 0.68, so it's meaningful. We also see (on the daily) price breaking out of the top of its recent range of 108.50. While many will be concerned...
Here is an explanation of how I was able to trade CADJPY without breaking a sweat. It is not hard you just need the right tools. (...And the right guy *wink*)( Just kidding.) But yes, I plug in my indicator set up and go to work. Building my account for the week. This keeps me consistent, check it out.
We see a possible sale already confirmed so we enter the market in search of a Risk Benefit of 3
After the completion of the shark pattern, the price had a jump towards the rise and will probably complete the 5-0 pattern
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 107.85, which is a pullback resistance. Our take profit will be at 107.00, an overlap support level. The stop loss will be placed at 108.47, a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may...
Identified a rising wedge pattern on the daily CAD/JPY chart, indicating a potential upcoming downward movement with a bearish breakout. I anticipate the emergence of a bearish trend, which could result in a downward movement of over 250 pips.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the CADJPY pair which is likely to be pushed down by the bears so we will sell! ❤️ Please, support our work with like & comment! ❤️
Since mid-July, CadJpy has been trading inside an ascending triangle with price congestion in the last 3 weeks. Ascending triangles are usually continuation patterns and considering the up trend of the pair, this could be the case also now. However, a break under the support line could lead to a steep dive to important support at 102. In my opinion, even if we...
Hey Traders. In today’s trading session we are monitoring CADJPY for a buying opportunity around 107.100 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 107.100 support and resistance area. Trade safe, Joe.
cadyen is taken its previous liquidity and shifted its structure towards vdown side on on confirmatiomn we can go sells..also we have cad news later today good luck
CJ sure long move ahead! Don't miss it! Enjoy it and thank me later!
The Epic Preamble Ladies and gents, forex warriors, and chart whisperers, gather around! We've got a thriller unfolding in the grand arena of currency gladiators: the CADJPY pair! Yep, that's the Canadian Dollar squaring off against the Japanese Yen. Since the 15th of August, they've been dancing in a tight ring, neither gaining the upper hand—until now! The...
CAD/JPY Short Trade: Employing Elliott Wave analysis, a strong short opportunity emerges. A corrective wave within a larger bearish trend indicates potential for a downward move. Seek entry as the corrective wave finalizes, manage risk with a well-placed stop-loss, and target support levels for potential profits.
Hello There! Welcome to my analysis about CADJPY on the 6-hour timeframe perspectives. Within the recent times CADJPY is forming a important formation that is likely to convert into a major bearish breakout to emerge in the next upcoming times especially when huge bearish volumes move in here and accelerate the trend-turning-dynamics to the downside this is a...