CADJPY
CADJPY: Bullish Outlook Explained 🇨🇦🇯🇵
CADJPY broke and closed above a solid horizontal supply zone on a daily.
The broken structure turned into a demand zone.
Probabilities are high that a bullish wave will initiate from that.
Goal for buyers - 101.0
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CADJPY 2H, Bulls exhausted. Time to Sell.CADJPY had a strong push upwards recently yet started moving correctively which is failing to push any higher.
As we know this is indicating a reversal is shaping up, which looking at the lower time frames, price broke out of the reversal structure currently developing a bearish continuation.
Look for a sell entry that fits your trading plan.
Thanks
Trade Safe
Bullish Setup on $CADJPYOur last idea did work but did not reach our tp: I overpredicted it
Reason for taking a long entry here:
Engulfing Bullish candle confirmation in H4
3 touch move on the downside
Liquidity pool at above 100
Psychological price level of 100 has not been hit yet.
Supply zone at 100.797 has not been filled yet (this will be our TP)
CADJPY - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on H4: Left Chart
CADJPY is sitting around a daily resistance and round number 100.0 so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CADJPY formed a head and shoulders pattern but it is not ready to go yet.
🏹 Trigger => for the bears to take over, we need a momentum candle close below the gray neckline to sell.
Meanwhile, until the sell is activated, CADJPY can still trade higher inside the resistance 100 - 101
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CAD/JPY likely heading higherThe CAD/JPY has pulled back a little after rising for 5 straight weeks, hurt by the sell-off in oil and the slight risk off tone across the financial markets.
However, the trend for the CAD/JPY is still bullish and we favour looking to fade the dips at or near support -- until the charts tell us otherwise.
One such support level is around 99.35ish, which was resistance in the past. It is possible the CAD/JPY may bounce here today and see rates resume higher.
Below this level, the next potential support area is around 98.75. Ideally, the bulls will not want to see the CAD/JPY go too deep below this level, for that would indicate the buyers are losing control.
Meanwhile, resistance is seen around 100.00, the psychologically important level. A clean close above this level could provide fresh impetus in the bullish reversal we have seen in the last few weeks.
By Fawad Razaqzada on behalf of FOREX.com
CADJPY: Bullish Outlook Explained 🇨🇦🇯🇵
CADJPY broke and closed above a wide horizontal supply zone on a daily.
The broken structure turned into a demand zone now.
Probabilities will be high that the price will bounce from that.
Next resistance - 100.95
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CADCHF I It will rise to the upside Welcome back! Let me know your thoughts in the comments!
**CADCHF 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.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
EURCAD I Potential intraday short from resistanceWelcome back! Let me know your thoughts in the comments!
**EURCAD 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.
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Yemi_Fx1 | Short for CADJPYFor the past days price has been given us an evolving of structure as we can see now.
I'll be considering
A Risk entry type at the top of the bearish flag structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Multiple Timeframe Analysis| Are The Yens Pushing Up Higher?CADJPY and CHFJPY are on my radar this morning. I can see clean reversals and signs of higher highs. Now, I am in a position to trade them back to the higher timeframe highs.
You can see my full analysis and risk management strategy in the video.
Share your thoughts, like the video, and let me know if you trade these pairs as well. ✌🏾
BOOM CAD/JPY+250 We Are About To Hit Final Targetthe main downtrend line on CAD/JPY was broken strongly and the price managed to make a higher high and a higher lo
if we focus on the new trendline we will see that the price is in the new wave of making higher low
we can for the price action around the trendline and also we can use the fib tool to enter a buy trade
CADJPY Potential for Bullish Rise to overlap resistanceLooking at the H4 chart, my overall bias for CADJPY is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 97.914, where the overlap support is. Stop loss will be at 96.640, where the recent low is. Take profit will be at 99.736, where the overlap resistance is.
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CADJPY Potential for Bullish Rise | 13th February 2023Looking at the H4 chart, my overall bias for CADJPY is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 97.914, where the overlap support is. Stop loss will be at 96.640, where the recent low is. Take profit will be at 99.736, where the overlap resistance is.
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