Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (78.5). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 79.30
TP2= @ 80.15
TP3= @ 81.75
TP4= @ 82.90
TP5= @ 84.55
SL= Break below S2
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Cad-jpy
CAD/JPY, D1. I don't know, lol!!CAD/JPY, Daily chart. Entered short last week and now Price is at the Baseline... I lost this round, hahaha!
Waiting for Price to cross and close over my baseline and will enter long. I don't see much action or movement as of now so probably I should move on and just find another trade. Same with my ZAR/JPY, I'm still on +pips but since there is not much movement, the spread is killing me, hahaha!!
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (78.33). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 70.
Take Profits:
TP1= @ 78.63
TP2= @ 78.82
TP3= @ 79.27
TP4= @ 79.60
TP5= @ 80.14
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ 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 ❤️
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (78.33). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 70.
Take Profits:
TP1= @ 78.63
TP2= @ 78.82
TP3= @ 79.27
TP4= @ 79.60
TP5= @ 80.14
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CADJPY Price is testing our Bullish zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CAD/JPY: Selling it! Hi guys!
I am selling the pair:
My signal was triggered with the bearish candle 2 hours ago as shown in my chart. It is a power candle. Please check my previous idea on GBP/AUD to understand this concept.
Price tested EMA100 but failed to go higher. It also broke the daily pivot.
Any pullback at higher prices will be an opportunity for me to sell more.
I am targeting the 100% fib level @ around 78.100 - 78.150 levels.
Trade at your own risk
CAD/JPY STRUCUTRE LONG|TRADING PLAN
The pair has reached an important support level, and has so far failed to break it.
In addition to that, the diagonal resistance line is broken, and we see a nice pullback on the 2h timeframe.
Therefore, we aim at a long.
TRADING PLAN:
1-go long at the current level
2-SL, Takes on the chart
Thank you for reading, like and subscribe and have a nice day!
Breakout pullback trading opportunity on CADJPY
Looking at the possibility of a breakout continuation trade.
79.52 is the key level to watch for to see if price holds.
As price pulls back to this level, I want to see how much it slows down. If it fails to make a significant breach below this level, it would be possible to buy into this pair.
CAD/JPY: Buying it now Price is :
- above the current pattern and acting as a support now
- above all EMA
- above pivot level
CAD is very strong against JPY = buying the pair!
Targeting next fib level around 80.230 - 80.250 levels. About 20 pips for this trade.
Check my past ideas to understand the way I trade.
Trade at your own risk
CAD/JPY AnalysisThe price has broken out of the Ascending Channel and went up straight into the liquidity zone and reached the weekly supply level, targeting the 80 mark.
The sellers defended the zone and forced price down to the top of the Ascending Channel. Price bounced from 79.40 (which is the top of the ascending channel and also a Fibonacci support area). First move (Buy) completed. Buyers have pushed price backed into the liquidity zone and with good news coming from Canada (CPI was 1.10%, better than expected).
Will the Buyers break the 80 mark or will the Sellers win and delay the breakout?
CADJPY Price is testing our bearish zoneThis is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CADJPY long trade. Good morning fellow traders this is a long postion i am planning on taking on CADJPY where i would like to react to the break of the triangle being broke and then the push to the upside and then the final retest and then i will find entries on a smaller time frame to ride the trade too the top. this is also based off of the CAD Core retail sales that is predicted to be 12%.
Two Scenarios on CADJPY by ThinkingAntsOkMain items we can see on the chart:
a) The price is inside a major descending channel
b) We observed a bounce on the lower trendline of the channel
c) Currently, we can see the price inside a range (yellow lines)
d) We have two scenarios after the breakout of the structure
e) If you are interested in trading this analysis we will wait for the breakout and then we are going to look for corrective structures on the 30min chart
CADJPY **Do you like consolidations?**This pair has been stuck in this range over month and the best way I can say is to myself and I tell others - Let it break out in the direction it wants to then trade the pull back trade to follow the momentum trade it goes to with confluence adding Fibonacci retracement. PATIENCE.
***Maybe add alerts to the chart and see it reacts at certain levels or trend lines!***
Just a trade idea, not a recommendation...