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Cadjpyshort

CADJPY Reaching A Level of Resistance!!!As we see a strong BULLISH movement upward, price is reaching closer to a 461.8% fib movement. Also, there is a strong resistance level @88.86 price level where I expect some BEARISH pressure on this pair. We could be eyeing for a potential short position from there towards 361.8%. If the BULLISH strength remains, we should see a rejection there, brining price to a higher level. However, I am anticipating a larger retracement as of now. With that, I see price potentially heading towards a strong support @84.94, also where we might see a rejection from the cloud. Definitely, if price continue breaking out of the cloud, our BEARISH bias will still stand. For that, I will update when price heads closer to that level. As of now, I see a short opportunity till 361.8% fib level and possibly support level @84.94. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
CADJPY AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. targets: 87.35 - 86.7 - 85.9 after first target reached move ur stop to breakeven stop:~88.4 (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 4.5 risk is justified Good luck everyone! Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. If i help you TO EARN SOME MONEY i will RLY VERYVERY appreciate for ur donat! Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions(PM to me).
Short
by trytofeelpositive
CADJPY TO 81 if 78.6% FIB RETEST BREAKSHowdy! Hope everyone is all well and safe during the pandemic. My thoughts on CADJPY are that it has made a decent comeback towards 87.6. I can see a head and shoulders forming and the chart is approaching very strong resistance at 88. I am anticipating the right shoulder to form and for it to test the 78.6% fib. If this breaks I am thinking it could see itself working its way back down to the 50% to 81. If you like or agree with my analysis, please leave a like! Thanks!
Short
by bhavik3691
CADJPY testing 1st resistance, potential for reversal!Price is testing 1st resistance, which is in line with 78.6% Fibonacci retracement, 10% Fibonacci extension, horizontal swing high resistance and descending trendline resistance. We could potentially see a reversal at this level and further downside towards 1st support, in line with 61.8% Fibonacci retracement and horizontal overlap support. Stochastics is also reacting at the upper 83.71 level where it has reversed off before. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub