CADJPY I Potential long following CAD Rate NewsWelcome back! Let me know your thoughts in the comments!
** CADJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
CADJPY
CADJPY H4 | Falling to overlap supportCAD/JPY is falling towards an overlap support and could potentially bounce higher towards our take-profit target.
Entry: 109.543
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci projection level
Stop Loss: 109.129
Why we like it:
There is a pullback support that aligns close to the 100.0% Fibonacci projection level
Take Profit: 110.385
Why we like it:
There is a pullback resistance 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.
CADJPY H4 | Potential bullish bounceCAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 109.115 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 107.890 which is a level that sits under a pullback support.
Take profit is at 110.384 which is a pullback resistance.
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. 67% 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. 72% 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 Set To Fall! SELL
My dear followers,
This is my opinion on the CADJPY next move:
The asset is approaching an important pivot point 110.10
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 109.33
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
CADJPY: Will Start Falling! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADJPY pair price action which suggests a high likelihood of a coming move down.
❤️ Please, support our work with like & comment! ❤️
Confluence of Bearish PatternsCADJPY is displaying a confluence of bearish patterns:
1. Weekly Bearish Shark Pattern:
- Retest in progress.
2. Daily Type2 Bearish Gartley Pattern:
- Completion aligns with the Bearish Shark on the weekly.
The trader plans to wait for a confirming candle on the daily chart near the level of 110.37.
Share your insights and trade plans for CADJPY!
CADJPY - Bullish market structure ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement and there is a confluence for a potential long if price rejects from support zone + trendline + FIBO 0.5 level.
Fundamental news: Next week on Tuesday will see results of Interest Rate in Japan and on Thursday in Canada. News with high impact on currencies, so pay attention to the results in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
CAD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 108.721 area.
✅LIKE AND COMMENT MY IDEAS✅
Which Way For CADJPY, Are we going to short it? {18/jan/2024}Educational Analysis says CADJPY may move in this range for some time according to my technical.
Broker - FOREX.com
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because CADJPY is start to go down after respecting supply trendline, If not then it will break resistance level to make new higher high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
CADJPY - Long active ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here after price filled the imbalance and rejected from institutional big figure 108.000.
Like, comment and subscribe to be in touch with my content!
CADJPY Trade IdeaThe CADJPY has exhibited sustained bullish momentum in recent times. However, price appears overextended currently, suggesting a potential retracement could be on the horizon.
Should price dip back into the 61.8% Fibonacci retracement zone, a buy opportunity may emerge. Prior daily swing highs could act as potential target areas (as depicted on the chart).
Important Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Please conduct your own due diligence and risk management before making any trading decisions.
CAD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 108.482 level.
✅LIKE AND COMMENT MY IDEAS✅
CADJPY - One of Three Yen Trend TradesCADJPY is one of three Japanese yen pairs that I held through the weekend. the other two pairs are EURJPY and SGDJPY as they share very similar price action patterns.
The selloff in December 2023 seemed short-lived to me so I found an opportunity to enter long earlier this month. My best guess for the selloff is the collective premature anticipation of interest rate cuts in 2024.
From a price action standpoint, I quickly developed another sentiment. High level summary below:
After a retracement, price failed to push to a new lower low.
The relative low forms a new range boundary.
Price breaks above the upper range boundary and holds, which signals further upside momentum.
I'm not the biggest fan of how this pair, along with EURJPY and SGDJPY, closed last week. Seeing two down days certainly poses a risk that this uptrend may not continue for the week ahead.
7 Dimension Analysis for CADJPY 🕛 TOPDOWN Overview
A robust rejection at the daily timeframe, coupled with an H1 Change of Structure (COS), suggests the end of the short-term bullish move.
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Initially bullish but rejected at a potent daily Point of Interest (POI)
🟢 Structure Behavior: Change of Structure (Choch)
🟢 Swing Move: Impulsive
🟢 Inducement: Completed
🟢 Internal Structure: Completely bearish
🟢 Ext OB: Unmitigated
🟢 Supply Zone Rejection: Observed
🟢 Traps: Fakeout at the top and supply area
🟢 Time Frame Confluence: Daily and H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal pattern with a double top and liquidity sweep, indicating a potential reversal
🟢 CANDLE PATTERNS: Fakeout reversal after a Record Session count, Momentum with strict engulfing at the top, Tweezer pattern with liquidity sweep, Tower Top pattern observed with Climax players presence and follow-up, increasing chances of reversal
🟢 Gaps and Other Patterns: To be observed at the opening
3️⃣ Volume
🟢 High volume on the fakeout candle and substantial volume at the swing's start and high points
4️⃣ Momentum RSI
🟢 Zone: Sideways
🟢 Range Shift: Almost shifted from bullish to sideways
🟢 Divergence: Significant divergence found at the top level and rejection areas
5️⃣ Volatility Bollinger Bands
🟢 Middle band acting as resistance
🟢 Squeeze breakout and walking on the band awaiting
🟢 M pattern observed at the top
6️⃣ Strength According to ROC
🟢 Values: CAD 1.12 vs. JPY 2.88
7️⃣ Sentiment
☑️ Trend line breakout awaiting, but on the trigger time frame, it's already done
💡 Decision: Open a sell position right at the open
🚀 Entry: 108.489
✋ Stop Loss: 109.333
🎯 Take Profit: 102.1
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
😊 Risk to Reward Ratio: 6
🕛 Expected Duration: 30 days
SUMMARY:
The analysis indicates a reversal opportunity. The sell position is recommended with an entry at 108.489, stop loss at 109.333, take profit at 102.1, and a risk-to-reward ratio of 6, expecting completion in approximately 30 days.
Trade Recap + Two Missed Positions (+10% Potential)In this recap I cover a short position I took on EURNZD with key details regarding the lower timeframes, followed by two missed positions. CADJPY has given me some direction on potentially a new entry I can include in my trading plan, whilst USDJPY I chose to stay out of due to high impact news. Double digit returns again in just one week, stay switched on guys!!
CADJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL 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💰
CADJPY H4 | Running into resistanceCAD/JPY is trading close to a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 109.025 which is a pullback resistance that aligns with the 61.8% Fibonacci projection level.
Stop loss is at 109.800 which is a level that sits above the 78.6% Fibonacci projection level and a pullback resistance.
Take profit is at 107.443 which is a pullback support that aligns above the 61.8% Fibonacci retracement 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. 67% 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. 72% 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 H4 | Potential bullish breakoutCAD/JPY is rising towards a pullback resistance and could potentially break off this level to climb higher.
Buy entry is at 108.052 which is a potential breakout level.
Stop loss is at 107.150 which is a level that sits under a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 109.025 which is a swing-high resistance that aligns with the 61.8% Fibonacci projection 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. 67% 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. 72% 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 Massive Long! BUY!
My dear followers,
This is my opinion on the CADJPY next move:
The asset is approaching an important pivot point 108.12
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 108.47
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
CADJPYCADJPY is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?