In this technical blog we’re going to take a quick look at the Elliott Wave charts of CADJPY, published in members area of the website. CADJPY is another Forex pair that we have been trading lately. The price is showing bullish impulsive sequences in the cycle from the March 73.78 low. Consequently, we advised members to avoid selling the pair and keep on buying the dips in the sequences of 3,7,or 11 swings whenever get chance. In further text we’re going to explain Elliott Wave Forecast and trading strategy.

CAD/JPY 4 hour Elliott Wave analysis 4.20.2020

Wave 4 red pull back is unfolding as Elliott Wave ZigZag Pattern. Inner labeling : ((a))((b))((c)) black . Pull back has already reached its equal legs zone at 85.77-84.64 , buyers area. However at the moment we expect to see short term bounce in (iv) blue and another marginal push down in (v) within blue box. We don’t recommend selling and favor the long side from the marked blue box . As the main trend is bullish we expect buyers to appear for 3 waves bounce at least. Turn can happen any moment. As soon as the price reach 50 Fibonacci Retracement against the ((b)) black peak, we should make long positions Risk Free ( put SL at BE).

CADJPY

CAD/JPY 4 hour Elliott Wave analysis 4.21.2020

The pair made bounce and another marginal swing down, making 5 waves in ((c)) leg as well. Buyers appeared and we got nice reaction from the blue box . The bounce has already reached 50 fibs against the ((b)) peak. So, members who took long positions at the blue box should be in a risk free trade. Pull back 4 red is counted completed at the 85.40 low. As far as the price holds above 85.40 low, we expect further rally to continue.

CADJPY

CAD/JPY 4 hour Elliott Wave analysis 4.28.2020

85.4 low held nicely during the short-term pull back. The pair made further rally as expected. We would like to see break above 3 red to confirm next leg up is in progress. That will make pair bullish against the 85.40 low in near term.

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences.

CADJPY

FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD struggles above 1.2050 inside rising wedge

EUR/USD is holding steady below 1.2100, wavering inside a bearish chart pattern. MACD also teases sellers but key EMAs add to downside filters. Bulls have a bumpy road to recovery, 1.2200 becomes crucial resistance.

EUR/USD News

GBP/USD: Bulls looking for breakout to the topside

Following the progression of the price action and market structures across the various time frames in GBP/USD, it can be concluded that the bulls are now in the most favorable position. The daily chart offers compelling upside bias as bears start to run out of juice.

GBP/USD News

Dogecoin price spikes on Musk tweet, renews momentum for DOGE to test $1

Dogecoin price closed below the critical April high yesterday, putting the pursuit of $1.00 in doubt. The new Elon Musk tweet has reversed the descent and raises the potential of DOGE closing today with a bullish engulfing day.

Read more

EUR/USD struggles above 1.2050 inside rising wedge

EUR/USD is holding steady below 1.2100, wavering inside a bearish chart pattern. MACD also teases sellers but key EMAs add to downside filters. Bulls have a bumpy road to recovery, 1.2200 becomes crucial resistance.

EUR/USD News

Why US retail sales will rock the markets on Friday

It was a rollercoaster ride in the financial markets this week and volatility is not expected to subside tomorrow with the April US retail sales report scheduled for release. investors are eager to see how well the consumer is holding up.

Read more

Majors

Cryptocurrencies

Signatures