CADJPY SELLWell, Im following supply and demand and pls take this trade with co-ordination of CHoCH while in active session LO/NY.
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About Canadian Dollar / Japanese Yen
The Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.
CADJPY 4 Hour Analysis (17th May 2023)CADJPY Trading Ideas
1. Price has a strong Bearish momentum
2. Price is in strong supply area
3. We can see divergence with MACD
4. It is pointing a bearish trade
but for confirmation we can wait for
Bearish KL to break
CADJPY looking bearishHead and shoulder pattern
And bearish divergence on rsi
Take entry on break of the neckline
CADJPY Sells An update on the previous analysis done on this pair. The price has broken bullish structure. Currently a head and shoulders pattern has formed to confirm further bearish move. The next step is to break the neckline (which is currently holding strongly) and a retest for sell signals....Lets see how
Possible CADJPY sellsConsolidating market approached the resistance zone with signs of exhaustion. Currently a bullish structure signaled by a bullish trendline has been broken. I would like to see a retest of this trendline but we might not get it.
Proposed CADJPY 4 HourProposed CADJPY 4 Hour
1. We have a strong Supply zone created
at day level
2. RBR already formed
3. on the basis of this, we can have two paths
Path 1: Yellow - From Base2 to Base1 then to Supply.
Path 2: Blue - From Base2 to Supply then to Base1
4. MACD Traditional Bearish cross
So, we h
cadjpy bearish trend continuationbearish flag formed without any
divergence which shows continuation
of downtrend
CADJPYPrice approach at area of value and break deceding channel pattern and pullback completed we can focus long opportunity till next resistance
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
