Canadian Dollar / Japanese Yen CADJPY

This is a potential short on the CADJPY pair. Price has broken the daily/weekly trend-line to the downside and it now retesting it as resistance. The 4-hour shows this as a nice bear flag. I will wait for price on the 4-hour to break and close below the 4-hour bear flag before entering. TP would be at at the dotted line.

I have spotted another bullish flag pattern on the cad/jpy market as well. Please make sure to check this timeframe and check on the 1hr timeframe as well for entries because I found out that I'd already missed the entry from when this was posted. Thanks guys

Is finding your 'true friend' a psychological issue? Absolutely! We normally think of 'friends' as people - and that can be something of a mistake (based on personal experience), as I explain. Your true friend in trading is right there hidden in the backdrop behind the candles - and that's why you see no candles in the screencast. So I'm saying, find the tools ...

abcd pattern and ascending wedge, will be looking for this pair to make a new hh.

D1: - Test trendline: Given reversal candle => UP

Nobody likes to hear about loss and losing - do they? Well, the 4H time frame on CADJPY gives you just that opportunity. Always - loss has to be balanced against a robust analysis of where the trend is, and where the overall probability is. You simply cannot make profits overall by not taking controlled losses, in this business. This screencast is not advice ...

This is a short on the CADJPY. Price on the daily has broken out of this trendline to the downside which dates back to march and has been tested at least five times. Yesterdays daily candle broke and closed below this level and now an inside candle is forming which is a pullback on the 4 hour. I may look to short somewhere neat the 4 hour resistance marked if we ...

Technical: CADJPY is oversold and at major support. It was support before. It could be support again.

In this screencast I show how waiting for a key position in the market is good idea. As I always say, 'Stalk 90% trade 10%'. The CAD - often referred to as 'the Loonie' (not by me) has been in some trouble across many currency pairs. I'm not interested 'why'. All I care is where the trend is going and key areas of opportunity and probability. As strange as it ...

This is a potential long on the CADJPY. The 4 hour has broken out of a bearish channel which got a strong bullish bounce of an important weekly trend line acting as support (as shown). Price has now broken out the channel on the 4 hour and printing small pullback. It could go up from here. I'm not that keen on the daily structure which is why I may sit on the ...

For entry, wait for retest of Key Support, wait for price action confirmation the 1hr

Have a nice elliot wave triangle set up, to confirm that WE MAY be heading down to the downside, Daily has created a strong bearish engulfing candle. I have marked off three areas as to why I expect to head I also am expecting price to rise a little more higher, so have to remain discipline and patient and await for a good entry A nice move of 100+ Pips could be ...

38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS

Price has stalled out on a well respected level of support. Stop loss below lower lows, buy order above the highs of the doji candle. TP is in a logical place, as it is at the next support area.

Current risk off sentiment in the market is keeping JPY bid across the board with USDJPY breaking below 112 eventhough touch choppy and indecisive around trendline support and horizontal support. It feels like the near term future for risk sentiment depends on the 112 handle for usdjpy. As for Cad, weakening and breaking out on the usdcad chart so were seeing jpy ...

Canadian Dollar / Japanese Yen Price has shown early signs of rejection at the major level of 86.00. We can see this clearly on the daily time frame. Strong bearish decline and then a few small-bodied candles with wicks either side ( this shows that there is indecision in the market between the buyers and sellers and also a bit of volatility. Three Daily ...

Looks like a CADJYP long is lining up nicely. Reasons; Rejection on support level 3 times. Possible pin bar candle forming. Confirmation on indication of long position. I want to wait to make sure this candle closes as a pin bar then tomorrow wait for a slight pull back before taking my long position.

Last week we seen a strong selloff (due to strength of JPY not weakness of CAD) but towards the end of the week we found support from below. Looking at the chart you can see we are trading within a rising channel with the middle trend-line aligning with the daily 200EMA. I believe we will find support here and give us a, what I call, a "double-bounce"; meaning ...