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Cadjpyshort

CADJPY - Bearish Bias🇨🇦 CAD - Strong Bearish 1️⃣ Risk-off sentiment and declining oil prices weighing on the CAD. 2️⃣ Canadian GDP shrank 0.3% on quarter in Q2 2021. 3️⃣ Canadian trade balance for July is expected to decline. 🇯🇵 JPY - Strong Bullish 1️⃣ The JPY benefits from a risk-off market environment. ===== Technical ===== We are selling the CADJPY after it failed to break the resistance of 87.400. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
SHORT CADJPYSHORT CADJPY @ 87.40 TP @ 85 SL @ 88.55 I have decided to sell CADJPY prior to Jackson Hole on Friday as I feel that USDCAD is reaching support lvls and will rip soon. If that is not the case and the USD decides to sell off, well then USDJPY will push lower driving CADJPY lower. We also have key resistance and pivot lvl at 87.40 this making it a good entry for me. CADJPY has rallied a lot in the last week and I feel it is running out of steam up here thus I anticipate the next move in this pair will be lower. Good luck!
Short
by WhosPipsAreTheseAnyway
6
💡Don't miss the great sell opportunity in CADJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (87.12). 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 below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 28. Take Profits: TP1= @ 86.63 TP2= @ 86.37 TP3= @ 86.02 TP4= @ 85.41 TP5= @ 84.68 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_World
15
💡Don't miss the great sell opportunity in CADJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (87.12). 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 below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 28. Take Profits: TP1= @ 86.63 TP2= @ 86.37 TP3= @ 86.02 TP4= @ 85.41 TP5= @ 84.68 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
4
risky but good setup :)Here's another risky but I 'feel' good setup. CADJPY rose to a previous high and stalled for the past many hours, it is also within a rising wedge alike channel building downward movement since the high of 87.5 which was in mid of historical resistance zone. (87.26 - 87.6) I didn't manage to catch the tip but entered at 87.4 which is still a ok risk level - providing my analysis is correct. overall CADJPY is having a very strong bullish momentum built in the past few days so it's very risky to bid it down. If today the OIL price falls a bit and US news can tune DXY up a bit, this set up may well just be a perfect one that's why I'm willing to risk. SL: above 87.6, mine is at 87.645 TP: below 86.85 -- can go lower if market supports it well with good impulse GL
CShort
by mleader1
CADJPY Short CAD/CHF rallied on Monday AFTER the recent slump in crude oil prices, the commodity-linked loonie (CAD - Canadian Dollar ) We expecting the pair to re-test the key support levels listed on the chart, We taking this trade based on technical analysis , Fundamental and candlestick patterns. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Short
by Pro-Trading-Africa