Am looking to go short on CADJPY, CADJPY has been on a steady uptrend breaking all key levels and now finally after a big rally up price is now sitting on my institutional level with good price action showing that price is ready to make a pause and make a retracement..
Hello traders! Today we will talk about CADJPY currency pair which is moving nicely as expected within nice and clean Elliott Wave pattern. Well, after we noticed an A-B-C correction and strong bounce we have been warning about new rally that can send the price back to highs. Here we are, CADJPY is trading in a new impulsive five-wave cycle which looks to be...
For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves. Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc. The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and...
For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves. Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc. The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and...
CAD/JPY Sell Position : 88.680 - 88.700 ✅Take Profit " . 88.200 PIP 50 ✅Take Profit " 87.700 PIP 100 ✅Take Profit " 87.200 PIP 150 ✖️ Stop loss 89.200 50 PIP 📍Risk 5 % ➕Account Growth Expecting 5 % " 15 % ❗️Risk : Reward 1 : 3 🇺🇸 `CAD/JPY Setup / Analysis 🕐 4hr's Chart Large Scale / Small Scale 📋 Educational —————**- 🗒 ...
Prices recently broke out of an immediate resistance zone and is looking to retest our break out zone. We will be waiting for the pullback and bearish momentum to subsidise before looking for a potential move upside towards the next resistance zone.
On CAD/JPY is nice to see strong buying reaction from the price 88.21, there is nice to see strong volume areas.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Uptend + Strong buying activity + Strong...
Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension . If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci...
Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension. If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci...
SELL oportunity on the 4H Suply zone with a nice bearish 1H candle close below liquidity line
THIS PAIR HAS RISEN TO A MULTIYEAR RESISTANTANCE TRENDLINE. ANYTIME THERE IS A TOUCH ON THIS TRENDLINE THERE A STRONG REJSCTION. TRADE CAREFULLY
This is a simple one - a structure zone on CADJPY 3-DAY time frame. Some say the more times price hits a zone like this the greater the probability of a breakthrough. That's generally true. The trouble is that no one knows how many hits are necessary. I previously showed that CADNOK remained contained for 4.6 years. To be clear, I am not saying CADJPY will...
As you can see, this pair is finally at the monthly trend line. Something to keep an eye on.
CADJPY MNT: +400 pips already +300 to go BUY/HOLD!(SL/TP)(RECAP/REPLAY) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as LONG because I expect more gains. already running at +400 pips +300 left to go congrats if you followed original trade setup. click play to recap. 🔸 Summary and potential trade setup :::...