CADJPY: Three Potential Reversal Areas to Focus on
CADJPY is about to complete a harmonic bearish pattern near 190.00
This strong psychological zone also corresponds to the completion of the pattern.
if the price crosses 190.00 , then two other possible retracement zones are 120.00 and 121.00
As you can see, all three of these price zones are also strong psychological prices, given that CADJPY is rising into uncharted territory that was last seen nearly 17 years ago.
Be careful:
Given the fundamental outlook that the BOJ is doing nothing to support the JPY, we should be cautious. This is not an analysis to blindly sell at the market price.
This analysis should be used as a reference only.
The BOJ may intervene near those zones considering that the USDJPY is also testing an old price zone last seen in 1986
The problem is that if the BOJ does not intervene in the market to support the JPY, the CADJPY and all XXXJPY pairs will continue to rise as I have explained in all the JPY ideas I have posted so far.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CADJPY is about to complete a harmonic bearish pattern near 190.00
This strong psychological zone also corresponds to the completion of the pattern.
if the price crosses 190.00 , then two other possible retracement zones are 120.00 and 121.00
As you can see, all three of these price zones are also strong psychological prices, given that CADJPY is rising into uncharted territory that was last seen nearly 17 years ago.
Be careful:
Given the fundamental outlook that the BOJ is doing nothing to support the JPY, we should be cautious. This is not an analysis to blindly sell at the market price.
This analysis should be used as a reference only.
The BOJ may intervene near those zones considering that the USDJPY is also testing an old price zone last seen in 1986
The problem is that if the BOJ does not intervene in the market to support the JPY, the CADJPY and all XXXJPY pairs will continue to rise as I have explained in all the JPY ideas I have posted so far.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.