CADJPY BUY | Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity CADJPY
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CADJPY
CADJPY RISING WEDGE BREAKOUTThe CADJPY has recently confirmed a bearish breakout from a rising wedge pattern. This breakout follows a prolonged period of strong bullish momentum. With this bearish setup confirmed, we anticipate a retracement in price. Furthermore, a significant supply level has formed at the peak, suggesting increased selling pressure may ensue.
CADJPY: Next stop the monthly falling trendline?There's not much in the way of this move from what I can see.
Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed.
I'll be looking for sells around 115 with any LTF confirmation, but until then I'm going to be doing some long scalps not that local resistance has been broken and retested.
CADJPY - back to basicsKeep it simple, back to basics.... whatever you want to call it, this chart is saying everything we need to know. A series of LH and LL or a break of structure - either way the message is clear.
You can go short right away, or on break of trendline or the s/r zone - depends on your trading style/risk tolerance.
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CADJPY:🟢Is it bullish...?!🟢(Details on caption)
As you can see, the price took the sell-side liquidity and had a bearish reaction, in addition, we can see the price created the bullish breaker block and FVG.
Now, we can expect the price to move higher to collect the buy-side liquidity, for that, it may happen from here or retrace more to a bullish order block which formed on the 50% level Fibonacci.
💡Wait for the update!
🗓️01/03/2024
🔎 DYOR
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CAD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
It makes sense for us to go long on CAD/JPY right now from the support line below with the target of 111.101 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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Strifor || USDCAD-01/03/2024Preferred direction: SELL
Comment: For the USDCAD currency pair, scenario №1 is already active, but we also do not forget about scenario №2 since there is a possibility that the American currency will strengthen in the short term. It should be noted that the Canadian currency , as well as metals, now has one of the strongest bullish power, that is, according to technical analysis and generated volumes, one can suppose about the likely growth of these instruments. Therefore, here it will be difficult for the American currency to achieve significant success if it strengthens.
This trade is medium-term, so several entry levels are considered that are located above the current price. The downside threshold is currently considered at the level of 1.35000.
Additional comments on this trade will be provided as situation changes. Follow us!
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CADJPY H1 | Potential bearish reversalCAD/JPY is is trading close to a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 110.795 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 111.280 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level.
Take profit is at 110.134 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
CADJPY - 4hrs ( Sell Trade Target Range 160 PIP ) 💵Pair Name CAD/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
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Bearish Break
110.500 Area
Reasons
- Major Turn level / M
- Fiixed Range poc
- Pattern Break
- D + W low Break
- Trend Break Out
Bullish Reversal
108.800 Area
Reasons
- Major Turn level / D
- Visible Range Lvn
- Pattern Target
- choch Area
- Fibo Golden
- Quarter's Area
CADJPYIs CADJPY exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 108.
What you guys think of it?
CADJPY H4 | Approaching pullback supportCAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 110.747 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 110.15 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 111.762 which is a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Analysis update on CADJPY [ 28 February 2024]this is an update from yesterday CADJPY analysis, as yall can see price went in the predicted direction. I'm honestly expecting more sells but anything can happen. I'll keep yall updated. Please keep in mind these are not signals and I don't provide financial advice or sell anything, I just enjoy analysing my charts and being active in the market. Yall can use my videos as ideas and please feel free to comment , share your ideas and tips. Please like and subscribe. Thank You.
#forex #forextrading #CADJPY #money #falconfx #happyfx
CADJPY On The Rise! BUY!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 111.01
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 111.44
My Stop Loss - 110.73
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Sell CADJPY Bearish Channel The CAD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Sell Entry: Consider entering a short position around the current price of 111.46, positioned close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the support levels of 111.07 and 110.82, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 111.70. This helps limit potential losses if the trend unexpectedly reverses.
Thank You.
CADJPY Will Fall! Short!
Please, check our technical outlook for CADJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 111.409.
Taking into consideration the structure & trend analysis, I believe that the market will reach 110.837 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Capitalizing on CAD/JPY: Seizing Selling Opportunities Amid ExteHey traders,
Let's talk about CAD/JPY and the lucrative selling opportunities it presents amidst changing external liquidity conditions.
With two significant liquidity takeouts, the market is signaling potential turbulence. It's a critical time to adapt your strategy and capitalize on selling opportunities.
Utilizing the SIBI analysis:
Strength: Evaluate the strength of CAD and JPY individually, looking at economic data and market sentiment.
Interest: Assess market interest in CAD/JPY through trading volumes and sentiment indicators.
Balance: Gauge the balance between supply and demand, watching key levels and chart patterns.
Imbalance: Identify any market imbalances that could favor selling, such as overbought conditions or divergences.
If you're eyeing a sell position, wait for confirmation signals that align with your strategy. Manage your risk diligently and stay disciplined.
Remember, trading carries risk. This analysis serves for informational purposes only. Good luck out there!
Cadjpy Short Analysis Or Chart As of now, it may touch back the upper level a bit. then
It will come back after touching a resistance which you can see on this 4 hour chart.
If we talk about the weekly trend, then the weekly trend will also go down with strong formations and it includes strong candle formations.
you Can sell it from 111.75-111.85 Area and you can use Stop loss 112.55
First Target of this trade is 110.55 and for second Target you can Hold it for 109.50 Level