(This post is to be a collection place/"container" for all CAD - Canadian Dollar - and related pairs.
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After weeks of consolidation near the bottom of a rising, long-term, weekly price trend channel, the USDCAD looks to be poised for a near-term,...
Greetings to traders from across the globe,
Allow me to introduce myself as Alexandre Karim , and I shall now embark upon presenting my comprehensive analysis pertaining to the CAD/JPY exchange rate.
Firstly, it is patently evident that an upwardly inclining channel has been manifesting itself since the advent of the year 2020.
Furthermore, it is noteworthy...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Hello traders around the world!
CADJPY on the weekly chart is looking great as the price is reaching a key area on the upper trend line.
I won't be focusing on long positions in these 3 areas. I will be focusing on taking reversal patterns for short positions.
1st area is at the weekly upper TL around 115.000
2nd area is at the mass psychology rejection line...
Hello Traders Around The World!
CADJPY looking amazing. Beautiful set up for a short position plan.
As you can see, CADJPY reached a mass psychology at 106.513.
The price started to test this area with a correction + Ascending channel.
I will be focusing on taking a reversal pattern in this area & execute when the price breaks to the downside.
Patience is...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
A perfect buy setup of the pair. as we approach the CAD CPI, we expect it to have a very negative impact on the CAD and thus support the pair. The market structure has a perfect WXY pattern that makes the pair very attractive for the coming even. good trade manangement required.
131.00 - 131.65 zone
already in the sell with a stop at 1.337
Been my lucky number to sell at that area for 2 years now. Still selling at 1.337 lol
If we curve I will look for USD continued buy with an inv head n shoulder pattern on daily as well as 4H and 1HR. If not I will continue to sell.
