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Cadjpysell

CAD/JPY :: wait for the best time !CAD/JPY ::: 1_ Orange channel :: It is drawn in the time frame of one hour. It is currently at the ceiling of this channel, and its ceiling is a good resistance and will lead the price down to a large extent . 2_ Blue channel :: It is drawn in the time frame of 4 hours. And the price reacts a lot to the bottom of the blue channel, but has not been able to break it yet . 3_ The best decision :: wait until the price either breaks the ceiling of the orange channel or the bottom of the blue channel 4_ the targets will be as follows :: If the roof of the orange channel is broken: range 117 . If the bottom of the blue channel is broken: range 101 .
by The_Best_Trader_1991
1
CADJPY SELL Trade Update First Target HitJust a qucik update on the CADJPY trade from this week as I wrote in the last post after price had took out the 2008 HIGH and then close back under this level then we would get a correction down towards the 107.5 area which was the previous high in current trend. This scenario played out last week with us selling early on Monday morning and dropping down to the 107.5 the move seems to be building a little bit of momentum so a drop further down towards 105 may be on the cards lets see what happens early next week as we do have the BOJ meeting next week so could be a catalyst for a bigger move up or down
Short
by TheFxAce
2
CADJPY Where Too Next??? SELL Next Week ??The YEN cross pairs have been taking some beating this year and likely there may be more to come but llooking across all the pairs and also looking at the yen futures chart there should be a relief rally for the next week before the BOJ policy meeting at the end of the month which I am sure will be closely watched. Today I'm sharing the trade idea on the CADJPY for next if you look on the chart week we broke to new 14 year highs on the pair taking out the 2008 HIGH and then on Friday we had a daily close back under this level with a SELL signal on my price action indicator which is highly accurate at key levels so next week I see a move back down to the previous HIGH at 107.5 that was taken out this week if we mmanage to get a DAILY close under the 107.5 level a deeper corrrection down towards 105 area is likely which is was a newly formed WEEKLY DEMAND/SELL zone that became valid this week after the NEW high was printed. I still expect the market to target the MONTHLY SUPPLY/SELL from 2007 in the long term after it corrects down so which closely watch for BUY signals after the correction especially around 107.5 and below. The idea is to SELL on the open this week to target the 107.5 previous HIGH or below with a stop loss above the 2008 HIGH
Short
by TheFxAce
1
CADJPY - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
Short
by Tradelikemee
2