Cadjpyanalysis
DeGRAM | CADJPY bearish opportunityCADJPY pulled back to the resistance zone.
It is currently testing a psychological level of 105.000.
Notice the price is decelerating while approaching the level.
We might see a sell off.
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CAD/JPY Long Setup To Get At Least 200 Pips To Broken T.LThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADJPY possible buy zone!!Dear traders,
CADJPY is in a bullish trend for an extended period of time.
currently, the price has formed an inverted head & shoulder on the 4H and broken up with a bullish engulfer. If the price shows a strong rejection to the upside from the neckline of this inverted head & shoulder, there is a high probability that the price will continue to rise.
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cadjpy | second week of AugustI considered two scenarios
1. After breaking the white trend line and pullback, I enter the BUY position
2. The downtrend continues with a sign of downtrend
I think the first scenario will happen, because the previous low was not broken and HL was made, so it can be assumed that the fall is over.
CADJPY, Long at 103.00 (275PIP Target)Hello Traders,
Investors turned to safe haven currencies recently as JPY strengthened across the board. Looking at the HTF on CADJPY, we can see that price made a massive push down touching the previous low of 101.6 range creating a double bottom with a reversal impulse. Looking at the LTF, we could see price is currently developing a bullish continuation structure seting up the next impulse which we will see some short term consolidation early next week before seeing another push upwards.
Trade Safe,
Thanks
With Yen gaining strength I expect CADJPY to fall!We have seen Yen gaining strength the past few days and noticed the change of trends in most of the Yen pairs. CADJPY printed a high time-frame bearish reversal pattern which confirms that the pair is really changing direction to the downside. The previous day, the pair bounced up from its June 2022 low at 101.67 which I believe it is to retest the 103.41 key level. I will keep an eye at this key level for signs of bearish pressure which will confirm the present of bears around that level. I will look for short positions with two targets in mind, 101.70 and 98.59.
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Week 8 assignment (EXHIBIT B) for CADJPY by PROSHERIFFShort on CADJPY
1. Bearish double top can be seen on 1D scale.
2. Top 1 and Top 2 are approximately at the same price with a slight deviation.
3. Projections of the expected move are drawn from the Height of the up move.
4. TP = 95.606
5. SL = 107.520
6. RR ratio of 1:1 is in play.
CAD/JPY SELL SIGNAL...VIEW
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CADJPY, more downside expected Hi Traders,
CADJPY has taken a drop and if we look on the HTF, price moved up within an ascending channel which made a double top to add bearish confluence that a reversal is coming. On the LTF, price made a smaller correction at top of channel cresting a massive push downward to lower boundary. Wait dor a Breakout followed by correction (4 to 5 candles) to validate another high probability sell opportunity.
Trade Safe!
Thank you
CADJPY top-down analysisHello 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.