Preferred direction: SELL Comment: Medium-term shorts continue to be relevant for the USDCAD currency pair. As we said earlier, scenario №2 is more likely and even more effective. At the moment, there is a fact of accumulation of market longs, which provides a so-called resource for a fall. Here we note the presence of a limit buyer for CAD . Also, do not...
My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 110.15 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 110.58 My Stop Loss - 109.90 About Used Indicators: By the very...
💲Pair of Name FX:CADJPY ( Canadian Dollar / Japanese Yen ) 🗨️Time Frame : 4Hrs 💸Direction : Bear Break Out! ( Short ) ❔Type of break : Swing High to Mid Low ———————— Description -------**-- We are in expectation of a Break Out to the downside. Back down to the lows of January. Along with that, there has also been. Liquidity restored up below the up trend line so...
A short position can be taken on the specified levels
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Here is our detailed technical review for CADJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 110.317. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 110.600 level. P.S Please, note...
✅CAD_JPY is going down to retest a horizontal support around 110.200 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 110.600 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Friends! We are going long on the CAD/JPY with the target of 110.927 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
After false breakout above 111.00 level, Canadian dollar will weak and send CADJPY under 107.00 Trade safe. Good luck.
CAD-JPY retested the Broken rising support line And is now making a pullback So I think that it will go Even further down !
Hello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity CADJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about...
cadjpy is looking for the bearish trend and 110.80 is looking good retest level and we can add our short position here if we talk about the weekly trend then weekly trend will be go down with strong Candlestick formation
The CADJPY has recently confirmed a bearish breakout from a rising wedge pattern. This breakout follows a prolonged period of strong bullish momentum. With this bearish setup confirmed, we anticipate a retracement in price. Furthermore, a significant supply level has formed at the peak, suggesting increased selling pressure may ensue.
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There's not much in the way of this move from what I can see. Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed. I'll be looking for sells around 115 with any LTF confirmation, but until then I'm...
Keep it simple, back to basics.... whatever you want to call it, this chart is saying everything we need to know. A series of LH and LL or a break of structure - either way the message is clear. You can go short right away, or on break of trendline or the s/r zone - depends on your trading style/risk tolerance. Being prepared for the unexpected is a good idea in...
As you can see, the price took the sell-side liquidity and had a bearish reaction, in addition, we can see the price created the bullish breaker block and FVG. Now, we can expect the price to move higher to collect the buy-side liquidity, for that, it may happen from here or retrace more to a bullish order block which formed on the 50% level Fibonacci. 💡Wait...