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CADJPY

CADJPY - Wait For The Bears Hello TradingView Family / Fellow Traders, CADJPY is currently approaching a massive supply zone marked in red. 📉 For the bears to take over again and start the next bearish impulse movement, a break below the last major low in gray is needed. Meanwhile, CADJPY would be bullish short-term and can still trade higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
Strifor || NZDUSD-10/05/2024Preferred direction: BUY Comment: The New Zealand dollar is also considered in favor of a buyer in a short-term deal. The target is still at the level of 0.60713 . Both previously published scripts are already in production. It should also be noted here that more medium-term prospects will most likely be in favor of the US dollar , and you should not count on big growth. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || USDCAD-10/05/2024Preferred direction: SELL Comment: The Canadian dollar stands out from other majors today as Canadian labor market data is expected to be released. Previously, we adhered to sell priority and the targets for the previous trading idea can be considered closed. Ahead of today's statistics, we remain bearish and highlight two main scenarios. Scenario №1 is a fall from current prices, that is, a continuation of the fall. If this option is not implemented, then most likely it is better to look for an entry point according to scenario №2 . We fix the target for sale at the level of 1.36000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || USDCAD-08/05/2024Preferred direction: SELL Comment: For the USDCAD currency pair, we continue to adhere to the priority of sales. In our final trading idea for this instrument, we identified two scenarios where one of the selling options was the level of 1.37600 . The price is at this level now. A fall near this level is more likely today (scenario №1) , since there is local trend resistance here, which pushes the price towards the support level 1.36557. We also highlight scenario №2 on the chart. Here, the short is planned from the level of 1.38000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Rising towards overlap resistance?CAD/JPY is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 113.794 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 114.879 Why we like it: There is a pullback resistance level which is slightly below the 61.8% Fibonacci retracement. Take profit: 111.574 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
2
CADJPY Is Going Down! Short! Here is our detailed technical review for CADJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 112.872. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 109.055 level. 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
7 Dimension Analysis for CADJPY 😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Bullish with Breakout of Structure (BoS) and impulsive move strengthening, lacking inducement 🟢 POI OB: Unmitigated 🟢 Traps: False Breakout observed at the start of the move 2️⃣ Pattern 🟢 CHART PATTERNS: Continuation pattern with a completed flag targeting a possible retracement 🟢 CANDLE PATTERNS: Record Session count of 7, Shrinking long wick ends indicating a short reversal. Last H1 candle shows the entry of climax players, suggesting a potential correction 3️⃣ Volume 🟢 Highest volume observed at breakout and start area of the move, but currently, volume is drying 4️⃣ Momentum RSI 🟢 Currently in a super bullish zone and heavily overbought, indicating a strong need for correction 🟢 Grandfather father son entries perfectly align; waiting for other entries based on this and SMC combine 5️⃣ Volatility Bollinger Bands 🟢 Significant expansion in the price suggests a need for cooling down or contraction and correction 🟢 Market still walking on the band; waiting for it to end 6️⃣ Strength According to ROC 🟢 Values: CAD > JPY, -0.88 vs -4.44 7️⃣ Sentiment ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ✔ Support Resistance Base: OB with FVG and liquidity sweep ☑️ Candles Behavior: Wait for price to reach order block areas 💡 Decision: Seeking buy entries 🚀 Entry: 115.210 ✋ Stop Loss: 114.389 🎯 Take Profit: 119.4 😊 Risk to Reward Ratio: 5 🕛 Expected Duration: 5 days 📚 SUMMARY: The analysis suggests a strong bullish trend on the H1 timeframe with indications of potential retracement. Traders are advised to wait for price action confirmation at order block areas before entering buy positions, aiming for a 5-day duration with a favorable risk-to-reward ratio of 5.
Long
by Optimum369
CADJPY → Pending a breakout of resistance. Target 114? OANDA:CADJPY on the background of global weakening of the yen forms a pre-breakdown setup against 112.26. The currency pair is preparing to strengthen. On D1 the general trend is obvious. Buyers are not going to give up and continue to press the strong limit resistance at 112.26, formed by sellers. The trend is bullish and it may continue. Fundamentally, the Japanese Yen has no positive prospects at the moment. There is a clear potential for further trend continuation on the chart due to price compression to the resistance and formation of pre-breakdown consolidation. Resistance levels: 112.26 Support levels: MA-50, 111.0 Technically as on H1, H4 and D1 everything is roughly clear. We have a high chance that the market will try to continue breaking the resistance with the purpose of its breakout. Consolidation of the price above the resistance will be a good starting point to 114.0. Regards R. Linda!
Long
by RLinda
3
⭐️ CADJPY : Swing Setup Opportunity? (Read the Caption)I've been patiently waiting for the price to break out of this highest resistance zone. Now, the structure is much clearer than before with just sideways movement. My plan is to go long when the price retraces or pulls back into the resistance zone that has been broken out. Yes, it's an RBS Zone. Breakout, Pullback, and Entry? Are you on board with this strategy? Show your support with likes and comments. Best regards, Zack
Long
by ZacksJourney
CADJPY - 4hrs ( sell Trade Target Range 180 PIP ) Pair Name : CAD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 ) Type : Mid Term Swing ——————————— Bearish Reversal 113.000 Area Reasons - Major Turn level - Visible Range Lvn - Major Counter Trend - Fibo Golden Zone - Day + week low Break - Fixed Range Lvn Bullish Reversal 111.200 Area Reasons - Major Turn level - Fixed Range Poc - Visible Range Hvn - Pattern Target - Channel Middle Band - Choch zone - 3 Quarter High - 2 Quarter high
Short
by GentleGoldenEngine
CADJPY → Trade Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . CADJPY long ! Great BUY opportunity CADJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
6