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Cadjpyshort

CADJPYHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. CADJPY view with smart money concept Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit day guys
Short
by Bexi03
💡Don't miss the great sell opportunity in CADJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (105.56). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 47. Take Profits: TP1= @ 104.99 TP2= @ 104.22 TP3= @ 103.54 TP4= @ 102.00 TP5= @ 100.82 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
6
cadjpy short idea$CAD/JPY general is trending up , if you zoom out to the 4h frame you can clearly see the price kept on printing new highs since 16th june forming a perfect bullish market structure with higher highs/higher lows . but if if we zoom in to 1h frame you can see a smaller wave creating a bearish market structure and already broke the previous low at 150.59 so we take it as a sign of weakness of the price . now if we zoom out again but this time to the daily chart you will notice that the daily candles formed a daily resistance at 105.71 so we will see a price correction to this price level and if it holds the price should fall down to 105.17(50 pips) as a first bearish target and a possible continuation all the way down to 104.80 (90 pips). as for the stop loss it's put above at 106.02 (35 pips). remember that it's a counter trend trade so if you open a position make sure to use a proper money management . the short mode will be cancelled if we have the price to break above 106.14. if you find this post of value and use to you and love to see more posts alike please do consider to support me by liking and commenting and remember to follow me so you don't miss any future idea, analysis or market update. trade safely good luck everyone
Short
by Gol-DTrader