Get started

Cadjpysell

CAD/JPY = The House of SellersThis pair had been trying to rally past the daily resistance over the past few weeks but failed to do so. With confirmation from the tested resistance levels on Daily (Tested thrice), it is safe to assume that buyers are no longer in-charge to push this pair higher to to resume its bullish movement. Nonetheless, the pair had been going down ever since the incident aforementioned. As of indicated, the pair is rallying up and down in a box (Zone) between 89.860 - 89.420. If the price manage to break the weak support at 89.420, rest assured that this pair is going to bleed further down to our First Targeted Take Profit Level 1. Upon reaching the targeted take profit level 1. It's worth noted that the price action had to break the Level 1 zone before further pushing it to the level 2 zone as the Level 2 take profit zone is a near reflection of the Weekly Support level which gives us a huge idea on the pair's price action movement. However, let's not forget that the weekly candlesticks showed a superbly strong reversal signs which supported the Daily Bearish movement since 91.220. Way too go sellers ! Thus, here is my short rules as mentioned below Buy/Sell = Sell (Short) Pips: Potential of 3000+ pips run (If there is no rallies in between the downstream). Targeted TP Level: Level 1 (Safest). (Level 2 if Level 1 Breakout happened). Lot Sizing: Your prefer risk-reward settings. My risk management is in between 1 - 3 %. Confidence level: 1 - 10? (10 Max out). Technical or Fundamentals: Pure Technical. Fundamental will help push it down moar ! Have fun trading and let's profit together :)
Short
by maggedon
CADJPY Break OutCADJPY on the daily time frame has a nice break out from its resistance and the trading channel. For possible resistance levels we have to go back in time, back to 2015 to be exact. The resistances that you see are based on CADJPY trading ranges from 2015 and the last time that CADJPY traded between 92 and 102. Giving the recent rate hike and the more than decent economic data the strength of CAD is growing and it will try to reach 100 again. The only thing that can spoil this CAD bull party is North Korea, as you all know JPY always gains some strength during North Korea events. But thats an uncertain factor and for our analysis we look at the charts and the indicators. Just use a good stop in case of any sudden North Korea action.
Long
by JoshFX1
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.
Short
by AEFX786
CADJPY Short 4H chartHi traders, We are going to wait for a break of the trendline after a triple top has been created with a final exhaustion move. After the price, I suggest going short with half position as I'd like to wait for a break of the strong zone that has been drawn with a light blue rectangle. Once this is broken with a momentum candle, I will go short. There was a long uptrend before so I suspect a strong push to the downside after the price has consolidated for a longer time. As always, please be patient and wait for confirmation!
Short
by FromForkToFingers
CADJPY Sell The TopCADJPY has been hovering around the same resistance area for a week now trading very side ways. Failing to break this resistance for such a long time basically proves that big money feels that CADJPY is already price high and they see the current area at the max. Why it hasn't go down yet? Well maybe the big money doubts the YEN a bit... but it also doubts the CAD against the JPY since the price is stuck for over a week. Most likely CADJPY will fall hard as the slightest bit of JPY news. first targets are 87 and 84 after that. So lots of potential in shorting CADJPY!! TP: 87 > 84 SL: 89,70
Short
by JoshFX1
2
Pay attention to this! CAJPY Structure zoneHey guys, this is a pair on my radar this week, price has been in a heavy uptrend and now has reached a possible reversal zone (because of daily structure). On lower timeframes there's no confirmation yet, but let's see how it plays out. Very overbought condition makes me think we could see a reversal right here. Let's see. If you have questions or you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
4
Heed this! Reversal Zone on CADJPYHey guys, this is a pair on my radar this week, price has been in a heavy uptrend and now has reached a possible reversal zone (because of daily structure). On lower timeframes there's no confirmation yet, but let's see how it plays out. Very overbought condition makes me think we could see a reversal right here. Let's see. If you have questions or you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2