CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CADJPY
CADJPY - Long after filling the imbalance ✅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 long. I want price to continue the retracement to fill that huge imbalance lower and then to reject from bullish order block.
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Daily Wave Rider - CADJPY - BUYCADJPY
Channel: GREEN
WK Pivot: GREN
AOB: WR1
CON: IB
BUY Stop: 110.905
Stop Loss: 110.425
TP01: 111.385
TP02: 112.345
DWR present as a buy setup on 29SEP, with Channel and Pivot are green bouncing off weekly resistance line
However, trade is not taken/considered as analysis shows OIL is heading on the downside this week
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: SELL
CADJPY 28/09 MovePair : CADJPY ( Canadian Dollar / Japanese Yen )
Description :
Completed Corrective Waves " ABCDE " after Impulse. Rising Wedge as an Corrective Pattern in Short Time Frame and Long Time Frame , It is Rejecting from the UTL in Long Time and If it Breaks the Lower Trend Line in Short and Retrace then Sell
CADJPY H4 | Dropping to supportCADJPY is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 110.216
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 109.891
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement level
Take Profit: 111.024
Why we like it:
There is a resistance level that aligns with the 61.8% Fibonacci projection level
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CADJPY H4 | Falling to 38.2% Fibo supportCADJPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 110.177 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 109.700 which is a level that lies under a pullback support and the 61.8% Fibonacci retracement level.
Take profit is between 110.886 and 111.004 which is a 61.8% Fibonacci projection level that lies above the recent swing-high resistance.
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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 | Bounce off pullback supportCADJPY has fallen towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 110.283 which is a pullback support.
Stop loss is at 109.780 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement level.
Take profit is between 110.663 and 110.886 which is a zone that aligns with the 127.2% Fibonacci extension level and the recent swing-high.
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.
Forex Capital Markets Limited (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 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. 74% 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.
FXCM Australia 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 A Fall Expected! SELL!
My dear subscribers,
CADJPY looks like it will make a good move, and here are the details:
The market is trading on 110.60 pivot level.
Bias - Bearish
My Stop Loss - 111.20
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 109.30
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
💱CADJPY - A retest of uptrend support. But there's a but!CADJPY is forming an uptrend. On the background of this movement, the market forms a support retest, it seems to be predictable, but the situation may get out of control, as a decrease in volatility is formed.
TA on the high timeframe:
1) The market is at its maximum values. A small correction may form before further gains are made
2) The liquidity area that MM might be interested in is below 109.45. If the price breaks one of the supports, it will direct its movement towards this area.
TA on the low timeframe:
1) A support retest is formed and volatility decreases to the minimum values
2) A consolidation is formed. This consolidation can both send the price up after the support retest
3) or it can break the trend support and send the price down. In this case, there are two scenarios:
3.1) Trading a bounce from support. The signal will be a prolonged consolidation above the support
3.2) Trading a breakout of support - either open a trade immediately for a breakout or wait for consolidation below the level.
Key support📉: 110.15
Key resistance📈: 110.37
Daily Wave Rider - CADJPY - BUY CADJPY
Channel: GREEN
WK Pivot: GREEN
AOB: WP
CON: SBB
BUY Stop: 110.697
Stop Loss: 109.830
TP01: 111.564
TP02: 113.298
DWR present as a buy setup on 26SEP, with Channel and Pivot are green bouncing of EMA10
However, trade is not taken/considered analysis shows OIL is heading on the downside this week
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: SELL
CAD JPY BATSo, we have a complete bat, and it's a biggy. So far it has behaved itself but this particular pattern can be tough as to where to gauge a SL. I've opened my sell and you can see my TP's. Ideally, you should wait for the candle to close below the previous week high, retest and then drop.
Published 25th September 2023 17:00 UTC+1
Daily Wave Rider - CADJPY - BUYCADJPY
Channel: GREEN
WK Pivot: GREEN
AOB: EMA10
CON: SBB
BUY Stop: 110.446
Stop Loss: 109.347
TP01: 111.545
TP02: 113.743
DWR present as a buy setup on 25SEP, with Channel and Pivot are green bouncing of EMA10
However, trade is not taken/considered as it is Monday which is normally correction day and market is unpredictable
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: SELL
CADJPY BUYS in play.CADJPY BUYS in play.
1. Potential Bullish Trend.
2. CAD is strong meanwhile JPY is weak.
3. Short term sellers pressure.
We are looking to go Long on this pair, As the price is heading towards the support and resistance zone. We will look for confirmations on the lower time frames.
CADJPY Trading Ideaased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CADJPY: Cheeky Scalp 1:3 with tight SLWe can see CADJPY rejected off the ascending channel and horizontal resistance confluence.
I think we'll retest following a bounce off the lower boundary, especially seeing how oil is doing and today's CAD data.
I'm really mindful of the end of week BoJ news as I think this could cause some reversals based on recent BoJ fundamentals and historic moves to protect the currency in International markets, but there's time left this week and so picking up pips where I feel safe, ahead of the news.
CADJPYIs CADJPY exhausting at highs?
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 109.30 followed by 108.
What you guys think of it
CADJPY Testing the 1-year Resistance. Will it break?The CADJPY pair has been just below the 110.615 Resistance (September 13 2022 High) for the past 3 trading sessions. The long-term pattern is a Channel Up so the trend remains bullish until it breaks downwards. The 1D MA50 (blue trend-line) is firmly supporting.
The current bullish wave doesn't differ much from the one that started on the March 24 Higher Low and peaked on the 4.0 Fibonacci extension. As a result we remain bullish on this pair and expect 113.500 (target) by the end of October.
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