CAD/JPY Sell Stop - Daily ChartWe are taking trades based on the daily chart using the SAR. As shown, the entry for this trade will happen once price action breaks that level, thus creating the SAR.
I kept the TAKE PROFIT very conservative, especially for a DAILY chart, but I want you to learn patience with trading the DAILY chart.
Let me know your thoughts, and if you find VALUE in this post, you know what to do =)
Happy Trading!!
CADJPY
CADJPY Bullish as long as the 1D MA50 holds.The CADJPY pair is on a 1D MA50 (red trend-line) bounce, at the high ranges of the Fibonacci Channel Up that started on the March 2020 COVID crash bottom. The 1W RSI shows a Channel Down fractal on its second Lower Low rebound and the previous two such sequences delivered at least one more rally.
As a result, we see a strong short term buy opportunity to target the 1.5 Fibonacci extension at 112.000.
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Seize Trading Opportunities This Week!For those seeking a counter-trend trading opportunity, CADJPY may present an intriguing prospect. On the weekly chart, a Bearish Shark Pattern checkback is in play. For those desiring a more precise entry, waiting for the Gartley Pattern confirmation on the daily chart could provide a strategic shorting opportunity.
I'm eager to know your trade plans for CADJPY. How do you intend to navigate this setup? Share your insights below!
TradePlus-Fx|USDCAD: sell setup💬 Description: In the foreign exchange market at the beginning of the week, USD competitors attempted to continue growing, but as expected, the American took the hit and the currencies began to correct downward. At the moment, a rather tense situation has formed, however, for such currency pairs as EURUSD , USDCAD there are clear signals for a temporary weakening of the dollar.
Thus, a short trade is considered. The time frame of the idea is contained in today. In addition, the CAD may be supported by the likely strengthening of oil intraday.
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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 also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
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CADJPY Bullish Cross signalling a buy.CADJPY it at the top of a short term Falling Wedge pattern inside a larger Channel Up.
The 1day MACD just formed a Bullish Cross. Every time the price has been on the 1day MA50 while the MACD formed a Bullish Cross, the pair traded inside a similar Falling Wedge pattern.
A break out followed with the price hitting at least the previous High (Resistance A).
Buy now and target 111.245 (Resistance A).
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Strifor || USDCAD-06/11/2023Preferred direction: BUY
Comment: Short-term purchase of the US dollar is also considered for the USDCAD currency pair. Here the intraday potential is even more promising. A recovery is expected in an area that was support not long ago. Thus, an increase to 1.37000 is expected and even the targets are considered a little higher.
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CADJPY SELL | Day Trading Analysis Hello 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.
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CADJPY BEARISHCAD Bearish continuation is expected between the pair next week when the market opens. A pullback to 109.90 might come it to play before the next leg down.
Fundamental : Canadian economy is on track to enter technical recession.
Thanks for reading my analysis.
Comment below if you think we will see downside between the pair.
Disclaimer: This analysis is only made on speculation and are solely the views of the analyst, there is no guarantee the analysis will play out. Do your own research before taking a trade.
Strifor || USDCAD-NFPPreferred direction: BUY
Comment: The Canadian is also being viewed towards the US dollar. Here we are currently observing a downward impulse, which has hit the local limit level. On non-farm the situation can change significantly and even with the same force the price will most likely recover again.
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CADJPY - Looking To Buy Pullbacks In The Short TermH4 - Price bounced higher from a key support zone.
Most recent downtrend line breakout.
H1 - Bullish convergence.
Currently it looks like a pullback is happening.
Until the key support zone holds I expect the price to move higher further after pullbacks.
Strifor || USDCAD-11/01/2023Preferred direction: SELL
Comment: The currency pair has grown significantly in recent times, including within the framework of our previous trading ideas. Now the instrument is more likely to roll back. It is necessary to take into account the upcoming Fed meeting, based on this, a fall below 1.38000.
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TradePlus-Fx|USDCAD: BoC meeting💬 Description: Today, the Central Bank of Canada will announce its decision on interest rates. The rate is expected to remain at the same level. Against this background, we continue to adhere to our previous trading idea for USDCAD , namely to look up (look at the chart) . But most likely, there will be volatility during or after the meeting of the Central Bank of Canada, then the pair is most likely to roll back down. The expected movement is thus depicted on the chart . As a result, the more global target remains the same, and we expect growth to 1.38271 level.
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CADJPY: Short scalp next weekThinking we're starting to see JPY strength, this is because it can't stay so weak for so long imho.
Weak currency suits Japan as an exporter, to a point, but massively affects it's buying power, I do feel like we're approaching the end of this cycle of Yen weakness, by the end of this year.
I think this pair broke the rising trendline but has struggled to get back in on multiple retracement attempts, so I think we'll drop to catch the order block in the next week based on current PA.
TradePlus-Fx|EURUSD: once again💬 Description: Yesterday's trading idea for the Euro was closed by a stop loss. Here, buyers have retreated to a significant extent, however, the growth potential remains, and the previous target of projected growth also remains. The price is already in the area where growth is most likely to occur. A cancellation for this idea will be the formation of a balance at the current levels, in which case the price will roll down towards the level of 1.05194.
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🇺🇸New Home Sales
🇨🇦BoC Interest Rate Decision
🛢Crude Oil Inventories
🇨🇦BOC Press Conference
🇪🇺ECB President Lagarde Speaks
🇺🇸Fed Chair Powell Speaks
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CADJPYCADJPY is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 108.50 followed by 107.50 region.
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CADJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! 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💰