Cadjpyshort
CADJPY and the big shortCADJPY had engulfed the fl, and now I believe there would be a good downward movement to collect the long orders.
lately it engulfed a demand zone and had a pullback to QML and I'm ready to see my TP.
as we saw a Engulfed FL, the TP is ORFL and there would be a good place to long!!!
CADJPY SellI am getting in on this trade late however I still have a 1:2 risk to reward ratio which is good enough for me. The setup is simple. Price is yet to break the high(99.083) which means price is still trending down. As a trend trader I wait for pullback to my preferred zone and take the trade for a sell which is what I have done here. Now I hold on to the trade and pray price falls to at least the previous low where I have my take profit.
CAD/JPY Playing Good In An Interesting Sell Area ,Time To Sell ?This 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.
Giving $CADJPY Short another sell chanceAs a trader its about mindset and making sure your decisions are made quickly and one should be patient.
Hence I have made a decision to short this pair.
Using my previous analysis: we had to fill the two liquidity pool above:
therefore I am confident enough to take a short and close my previous trade:
We are learning to be confident and strict with our biases here and avoid the situations like the one I will post below:
indecision is dangerous in trading and one should avoid it all cost.
risk management is key!
STOPLOSS AT: 99.134
TAKE PROFIT AT: 95.092
CADJPY - Short active ✅Hello traders!
‼️ This is my perspective on CADJPY.
I expect here bearish price action as price raid buy stop liquidity and rejected from bearish order block + institutional big figure 0.98000. We have huge imbalance lower that has to be filled.
‼️Attention!!! Due to the fact that we have a news on USD tomorrow, the analysis can be invalidated.
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CADJPY H4: Bearish outlook seen, further downside below 97.80On the H4 time frame, prices are facing bearish pressure from the resistance zone at 97.80, in line with the 78.6% Fibonacci retracement and 61.8% Fibonacci extension. A pullback to this zone presents an opportunity to play the drop to the support zone at 94.80, in line with the graphical low. Stochastic is approaching the resistance at 86.37 as well.
cadjpy sell from resistance price is moving near strong resistance where strong chance thats zone will respected and pair will fall down if this structure will valid we wiill see our target near strong support/. Here one thing should be notice price fails to break trend line which may act again and push the price gain to the resistance zone. now at current situation we should wait for proper bearish rejection on resistance zone.
wait for proper bearish and bullish price action
CADJPY TOUCHING Its Resisance price is moving near strong resistance where strong chance thats zone will respected and pair will fall down if this structure will valid we wiill see our target near strong support/. Here one thing should be notice price fails to break trend line which may act again and push the price gain to the resistance zone. now at current situation we should wait for proper bearish rejection on resistance zone
CADJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on CADJPY .
Here I am looking for a short position if price takes out buy stop liquidity above equal highs and then rejects from bearish orderblock + institutional big figure 98.000. Also, we can see divergence in formation on H1 timeframe.
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