We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement- then we look for a bearish market structure shift on the 1hr and ATTACK! This is looking like a very yummy short! Follow and Stay tuned my friends ;)
OANDA:CHFJPY After my breakeven small win chop EUR/USD, I scanned the pairs for something to get me a 10pip scalp, and wanted CHF/JPY. So I took the short once 15m broke below a recent level. Trade well
Cj may start to follow route with the other jpy paid. it seems to be bearish but is still in a demand zone so once broke out of the demand it should be a valid sell. Sell order at 99.240
Price has come down to trigger stop losses and now has qualified for our reversal setup after failing to break a new low. Let’s see how it plays out
Good Evening Everyone, Please watch the entire video to understand my break down and thesis. As always trade safe set stops set takes and make sure you are always using appropriate risk for your RR. Happy Trading + Safe Trading = Profits I'll get back to posting more frequently if we can give this video some love!!!! Cheers
CJ breaks high and forms a pinbar rejecting the orderblock, JPY looks weak currently with the JPYX index signalling downtime, we could potentially take a long position in CJ and aim for some of the previous highs to test price.
CADJPY looks ready to rise, and with oil prices creeping up from their slumber, this pair with CAD being a major exported of the black gold and JPY a big importer, we could see this pair have some volatility with the rises, nice price action on the 4h suggest to buy the pair and aim for the previous high and higher. Good luck ZenFlo
CJ is highly correlated to oil price due to Oil being a top export from Canada whilst In Japan it is a top import, what we are seeing on the monthly chart is signs of strong rally, we have inside bar giving us a TP1, and if we see continued Oil price rallies, we could expect CJ to grow higher and higher.
For cadjpy and usdcad both near strong fibo levels , im watching cadjpy near 104.550 if showed any kind of rejections there then i believe it will fall fairly till 97.500
CJ broke our trend line and is currently struggling to break through the grey resistance. in this case short trades are considered
Hello there. Please press the like button and comment your ideas on below if u have any. I did analysis for the most pairs that i trade usually.
CADJPY SMART MONEY CONCEPTS ON M30 tf. Everything is actually is present on the chart, so no more comments needed.
CAD JPY coming to 88.509 resistance zone, waiting for a test of this zone then candle confirmation to show heavy bottom wicks, indicating a bearish transition. Supported by the continuous downtrend of the day and weekly charts. Additional confirmation of a fib level. TP at previous zone of 85.0221 SL at previous higher zone of 88.9541.
if the 1.38617, 1.3898, 1.3905 and 1.3909 high are broken, we could have a possible short at the 121.319259 - 121.077055 zone
Analysis done on the daily timeframe. If you follow me you may remember i posted a chart predicting the CJ short. FOMC was the main factor behind this move as i didn't expect it to go down as much as it did, but now is a great opportunity to look for buys. As you can see, i have a trendline drawn. Price has respected it each time it's come down. I also have some...
CHF has been gaining strength over the past day or so as i've been trading against it. If anyone can let me know why that is, then that would be appreciated, lol. Anyway, CJ has entered the zone where price last visited at the end of May, and this opportunity is the last one i'm going to take with this pair for this week. I'm looking to short with a SL of about...