Cadjpyshort
short side cadjpyHello guys i had find this setup in 1h timeframe which is facing resistance at upper trendline and making some bearish pattern we have a good opportunity with high RR ratio trade after it break our structure we will short with above resistance sl and near channel tg and plzz do your own analysis before taking any trade on my chart if you like my analysis plzz like share and follow thank you
💡Don't miss the great sell opportunity in CADJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (90.90).
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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 43.
Take Profits:
TP1= @ 90.45
TP2= @ 90.25
TP3= @ 90.10
TP4= @ 89.90
TP5= @ 89.70
SL: Break Above R2
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CADJPY PREFERS SHORT.The counter CADJPY is in the resistance trend line from 25thNovember which has been tested twice at the prices 80.49 and 80.25. Today the counter has made an entry at the price 80.25 and it started moving even more downwards. It’s the right time to go for a short and the bearish trend will continue further. The stochastic indicator curves started moving downwards from level 80 which gives additional support to the description.
SELL CADJPY!!! CADJPY has been on the bull run for the past 3 days. this may be the time that we can short this pair and close our longs in it.
It has strong resistance at this point. So, we will be taking a short if and only if prices close below this resistance level and follow the next day the downtrend.
So maybe tomorrow we will be taking the short for the target of 77.700 approx. It will be a short profit position because CADJPY is still bullish biased!!!
PS - If you have longs open then close it !!!!
FOLLOW US FOR MORE !!!!
CADJPY SELL OPPORTUNITY!!!!CADJPY has been gaining since the last three days and finally hit the resistance region of 76.600.
It's showing that there might be a corrective wave till 75.200 levels before any further upward momentum is gained again IF today prices remain and close below 76.289.
It's a great short opportunity if we wait for a confirmation today and will be going short if THIS PAIR CLOSE TODAY IN RED!!!
SL - 77.200
TP - 75.300