CADJPY Sell The Breakout Bearish Trade Setup (Sell) I expect the price to move back up to at least the 0.382 fib level and providing price action turns bearish and I have enough confluence in my setup, I will be looking to take a short back to the trendline and will be expecting the trendline to break to the downside. With stops above the previous swing high on the daily timeframe and aiming for 82.5, we have a very attractive sell setup.
Cadjpysignal
CADJPY OUTLOOK w bullish outlook1. Retest of previous weekly structure.
2. Next week we see important CAD data coming in. I have a bullish bias on the CAD GOV hiking rates. So a bounce off this structure for me is expected.
3. Good RR with SL below structure.
*Anything can happen to bullish bias does not mean shit unless we have decent price action around the structural support area.
*Pullback volume is also higher compared to the wave up so next week we will need to determine whether the selling pressure is still there.
CAD/JPY - 100 Pips+ Short OpportunityCAD/JPY has lost quite a lot from 91.5 to 88.5 since the beginning of this month.
It currently still hasn't found it's major support to get into a reversal.
We can expect it to fall further down about 100 pips if the current suport is broken.
As always, risk manage properly.
Happy trading!
Buy CADJPY Longterm Based on Multiple Timeframe BreakoutThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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CADJPY Bollinger Band Spikes on a nice supportHi traders,
I am in a buy after a double Bollinger Band spike on a fairly strong support level and little down trend. Market structure is also indicating that we could expect a move up, breaking the top (impulse + completion of a corrective flat). If this 4H candle also closes outside of the Bollinger Bands, then we have a clear confirmation.
Make sure to cut your losses fast if there is a lack of momentum.
(This is not a trade recommendation!)
CADJPY, Bollinger Band Spike + Correction finished. Impulse Up!Hi traders,
I just spotted a nice Bollinger Band spike. I am planning to take this trade as soon as the market opens due to the following reasons:
1) We are in a correction and anticipate another impulsive wave up
2) Bollinger Band spike
3) We completed a flat
(This is not a trade recommendation!)
Sell CADJPY Short Term Based on 15m TF Bearish GartleyThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Short CADJPY Longterm Based on Daily, Weekly + Monthly TF ChartsCADJPY is in a major support/resistance zone. Although there is room for further up movement, the risk:reward is not preferable for me. As we approach the resistance I will look for confirmation to short this pair with a long-term potential for 500 pips.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.