Cadjpyshort
CAD/JPY SELL H4CAD/JPY SELL H4
It made many breakouts of the main trend lines. I don't think the price will be able to break it. And so now I expect the price to reverse and fall towards the 82.63241 point.
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Forex Trading For Beginners Analysis on CAD/JPYOn the higher time frame, price is currently trading on the bearish order block of the H8 and it was refined to the H1 timeframe and there is already a break in market structure to the downside, we then wait for the price to go back to the bearish order block area we then go to the m5 or m15 for entry. I think the price might go down to meet with at least the H4 OB before pushing to the upside.
CAD/JPY GOING SHORT ONCE PRICE RETEST AT 82.671CADJPY retest zone at 82,671 for a couple of time , currently waiting for price to show a rejection candle before placing a trade
CADJPY ShortAs price reached strong resistance we can expect price to reverse as there is no fundamentals in play here since there is no major news is taking place anytime soon.
Also we can see the currency strength of JPY is greater than CAD.
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Bearish Shark PatternCADJPY BEARISH SHARK PATTERN
Market Sell Order Set Up.
Sell Entry: (82.685)
Min Take-Profit: (81.929)
Max Take-Profit: (81.330)
Stop-Loss: (83.209)
Max Risk-Reward: (2.59)
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CADJPY - Resistance ClearedThe resistance level has now been cleared so buyers will now be looking for an optimal entry point at the break and re-test.
I will be looking to position buys a little lower in the bounce box marked.
CAD/JPY swing trade?After being unable to break 82.00 I am bearish on this pair and looking to enter as a possible swing to the downside. Could change due to CAD Unemployment rates
