Canadian Dollar / Japanese Yen
No trades
Trade ideas
CADJPY, bearish outlook with rising wedgeIt looks like CAD may go weaker against the JPY during end of the week,
Analysis only for education purposes
CADJPY : Looking for a great short!CADJPY is looking for great short opportunity to take the move to the downside at the bottom, & has the chance to make some pretty decent profit!
💡 Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (83.55). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 83.10
TP2= @ 82.70
TP3= @ 82.30
TP4= @ 81.70
TP5= @ 81.00
SL: Break Above R2
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💡Don't miss the great sell opportunity in CADJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (81.94).
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 downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 81.24
TP2= @ 80.56
TP3= @ 80.18
TP4= @ 79.27
TP5= @ 78.35
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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❤️ Your Support is very much 🙏 appreciated! ❤️
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
CADJPY GOOD SHORT CANDIDATECADJPY CMP 80.650
Bearish shark pattern formation.
PRZ around 80.690 - 80.705
SLZ above 80.785.
Targets 80.500,,80.400
💡 Don't miss the great sell opportunity in CADJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (81.45). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 35.
Take Profits:
TP1= @ 80.90
TP2= @ 80.46
TP3= @ 79.81
TP4= @ 79.21
TP5= @ 78.35
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
CADJPY : LOOKING FOR SELLING OPPORTUNITY!The setup looks perfect enough for the sell side, Can see a potential move to the downside, Always stick with 1-2% risk management. Entry looks good though. Have a great weekend! Cheers.
CAD looking better over JPYThe pair in a sym triangle pattern from long. and now has reached the horizontal and trendline resistance zone.
making a head and shoulder pattern at top. expecting a retracement to nearest support/resistance zone also a retracement to .5 - .618 fibo levels.
please sell on the close of this 4 hour candle
