Hello Traders, Hope you all are doing good!! I expect CJ to complete bigger correction before going further up. Look for SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
nothing is 100% everything is relative but we can guess the possibilities and opportunities due to the power of knowledge.
Divergence between CJ and Oil.
Not the best week really for me, no major losses but lack of set ups, so i have noticed this wedge structure in cadjpy and i am in a long position aiming for the 81 kinda area. 4h looks like swing low, just need a bit of oil bull
Pretty simple here. Buys we need a DAILY break and retest. Sells we need a 4HOUR break and retest. Just be careful, 4hr looks to be forming a bull flag
i present you the chf/jpy 4h low, buy and enjoy.
daily uptrend means we might be able to sneak a bullish entry on this bounce and take some pips
15 min Short on CADJPY CAD weak Small Drop in Crude-Oil Price Strong JPY Looking to short down to ascending trend-line However, currently within support zone (80.0)
Due to sudden collapse of CAD strength looking at the possibility of a nice risk/reward ration of roughly 1:18 here at least of not more. Please also check the CAD dilemma chart which is trivial to UJ Seasonality structural pattern on the weekly chart.