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Cadjpyshort

CADJPY shortPrice is below daily and weekly pivot. Break of bullish ascending channel structure and now creating lower lows and highs. 1hr + 4hr bearish engulfing candle rejection off the daily pivot. TP near demand zone. 4hr resistance level is respected. Rejection area at 0.382 fib signaling possible strong continuation move to the downside. ADX is trending and negative. Momentum is negative. Price is below all moving averages and fanning. Price is at the top of descending channel.
Short
by HARDCORETRADXR_84
6
CADJPY Short PositionAccording to my TOP SECRET STRATEGY CADJPY will encounter following scenario in Bearish market: Main Position: Enter Price (market price) Sell: 103.9 TP1: 102.475 Risk Free on Entry TP2: 101.32 Risk Free on TP1 TP1: 100.2 Risk Free on TP2 Stop: 104.745 Making profit easier, pay attention to following points: 1) DO NOT Overtrade 2) Money Management is the key point of making profit continuously, so DO NOT Risk more than 1% on each position. 3) Patience is the key of making money.
Short
by fx-tradia
CADJPY [SHORT]CADJPY In the market structure we clearly see price rejected many times from the very strong key level 104.60-70. On 8 Aug price break this level but bulls show weakness in the cadjpy and price again drop to 5 Aug low 103.34 key support area. Now price again come back to test again its level of resistance. What Next in CADJPY? Price is rejecting from its key zone of 104.60 and in short time frame 30 min Head & shoulder chart pattern formed and now price is its neckline also on 4h 200 Ema give very strong resistance and push price to downside now on the monday market open wait to break the market structure i mentioned with black line 104.40 than you go #short on #cadjpy. ENTRY ON BOS. 104.40 TAKE PROFIT 104.12 TAKE PROFIT 104.40 STOP LOSS 104.75
Short
by naumanfx_
CADJPY shortThird touch of longer term trend line. Retest at 4hr resistance level. There is a supply zone here as well.. Consolidation all day until NY open. Price got rejected off the supply zone several times today. This area is a golden reversal fib zone. Bearish divergence with the momentum. Start of a bigger move down towards a fresh demand zone, which will get there by tomorrow after the interest rate announcement. I dont think it will be a positive announce and should weaken the dollar and the cad at the same time. I think banks will use that opportunity to push price down to demand zone. 1 hr tweezer top bearish candle pattern at bottom of ascending channel
Short
by HARDCORETRADXR_84
2
CADJPY H1: Bullish outlook seen, further upside above 104.30On the H1 time frame, prices are holding above an ascending trend line and approaching the support zone at 104.30, in line with the 100% Fibonacci extension which presents an opportunity to play the bounce to the next resistance target at 105.20. Prices are holding above the 50 EMA as well, supporting the bullish bias. Failure to hold above the 104.30 support zone could see prices push lower to the next support zone at 103.90.
Long
by T3-Consultancy
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
Long
by ktlfx