Hey Guys! The Weekly bias on the cad/jpy is short. Or in other words, price is likely to reach 94.06 before reaching 100.87. Moreover, I just took an aggressive short entry. In this post I explain the reasoning for the short bias, how I entered the short entry, as well as how I plan to manage this short trade. That's it! I'll keep you guys updated! Ken
Here we can see that CADJPY is reaching its supply zone from the major uptrend. with the major news coming for cad this week. i expect CADJPY to get short and reach the downside highlighted zones. best of luck . target remains to be 97.55
Consider a SELL position on this pair. Monitor for updates...
The strength of the yen continues against the Canadian dollar, sentiment indicates that the price will continue falling against the CAD.
#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. - The reason for that is because the Central Bank of Japan did not intervene in the long term to strengthen the JPY, they are...
Hello traders around the world! I want to talk about CADJPY and what I'm planning on this pair for this week. First of all, If you go back to the weekly chart, you can clearly see that the price reached a mass psychological level since Dec 2014 (106.501). On Monday 18 Apr 2022 the price started to create an ascending channel till Monday 07 Nov 2022 reaching...
Hello traders! ‼️ This is my perspective on CADJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price could reject from bearish order block + institutional big figure 100.000. My target for long term is sell stop liquidity. Like, comment and...
Price will be contained within arc SV and UW long term. Is the duty of the analyst to determine the various turning points within the arcs. As vector UV moves along arc SV indicating the TOPS. TOPS ( Price Unit) 1. 359.7 ( 354 Lunar sequence ). Double top formed on 17 oct 2022 ( 6 weeks apart ) 2. 263.64 ( 278 Lunar sequence). Double top confirmed 10 apr 2023 ( 6...
CADJPY instruments shows bearish RSI divergence at 1H TF. Short the instrument at the double top neckline or previous HL. TP1 shows a support S1.
Since the beginning of 2023, CadJpy has traded in a range between 96 and 100 (with some spikes in either direction). I expect the pair to remain in this familiar range and, with the price rising towards resistance, traders could look to sell eventual rallies above 100. Considering 100 pips stop loss and a target to the lower boundary of the range, a phenomenal 1:4...
We have witnessed a significant bullish ride on the CADJPY pair from the low of the 24th March at 94.069 to the high of 31st March at 98.745, accounting for over 450pips move. After this rally, it appears that the move has reach a termination point, where correction of the 467Pips bullish move is expected. My expectation of the corrective downward move is based on...
CADJPY instrument shows bullish harmonic reversal pattern AB=CD at 1H TF.
good evening guys short position cad jpy 15 min timeframe entre =97.750 tp1 = 96.534 tp2=94.812 and bear indicate in rsi good luck all
after a strong rise, CADJPY has broken strong support. We expect a new retest and fall towards the demand zone
CADJPY intraday trading alert 3 simple steps to find a quality setup ! Risk Reward Ratio 1: 2 Anyone same idea with me? SELL CADJPY Good luck traders..