This looks like a great selling opportunity.
We have a pretty clean set up on CADJPY, a bit of a break out of current support should open this pair up to a 200+ pip move lower. Remember you can find more information about this by visiting our website: DayTraders FX Also visit our video library that is updated daily with new market analysis and trade idea videso: Video Library
STRONG RESISTANT ON THE DAILY , OVERBOUGHT IN 4 H AND 1 H , USDJPY IS IN A DOWNTREND ALSO
FX:CADJPY Safe Trades;
Still following this pair. Price is approaching to the desired 90.00 level where a triple cycle might complete. That would be a great sell opportunity if we get bearish divergence + bearish candle pattern on the H4 chart. Target 1: 85.00 Target 2: 80.00
Sell This pair as it reaches for 100% fibo extension of the first cycle and 61.8% fibo extension of the second wave. This double fibo projection zone will provide a resistance zone and we have a bearish divergence as well. Sell the break of the yellow bottom TL protecting SL above last high before the TL broke + spread + two pips. TP aiming support zone 83
FX:CADJPY Overbought territory! Safe Trades;
sell if ends consolidation..
CAD continue to ride down south due the reason we all knew about ;) A significant potential of kissing 84.764 can't be rule out - Please set your SL accordingly . Happy trading y'all
BEARISH BAT on the 4HR chart (pink) BEARISH BAT on the Dailychart (blue) if the bat on the 4hr chart doesn't workout and keeps climbing I will be looking for a reversal at the 91.57 mark for the daily chart.
FX:CADJPY Nice cluster right above the 78% fib; For now, rsi is showing bearish divergence; Eventually we would be able to short a C-D leg for an eventual bullish cypher that completes arround 81.42$; On the other side, an eventual 5waves impulse can throw the price above weekly resistance(W1); CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext...
Its Time to Go For Some Good Pips ,this trade have an excellent risk reward ratio,the trend in w chart is bearish ,now in Daily its look like a symetrical triangle .