Intraday Trading Idea: CADJPY Key Support LevelHere’s an intraday setup on CADJPY that offers a learning opportunity by diving into the thought process behind the trade. Let’s break it down!
Current Overview:
- Key Support Level: CADJPY has shown support on the intraday timeframe, presenting a potential bounce scenario.
Trade Setup:
- Entry Price: 103.88
- Stop-Loss: Placed at 103.23 (include our stop-loss buffer to manage risk)
- Single Target: Since this is an intraday trade, we’re aiming for a single target instead of multiple target levels.
Strategy:
1. Understanding the Setup: The support level at 103.88 is holding, suggesting a potential entry point.
2. Risk Management: Stops are placed at 103.23, incorporating a buffer to protect against any quick moves below the support level.
3. Focus on Learning: This isn't a trading signal but a chance to understand my thought process behind identifying key levels, managing risk, and setting targets.
Final Thoughts:
Intraday trading requires a strong focus on quick analysis and swift decisions. Use this example to learn how I assess key levels, determine entry and exit points, and manage risk effectively.
What do you think of this approach? Are there any aspects you’d like to discuss or learn more about? Share your thoughts and strategies below!
Happy trading, everyone! 🚀
CADJPY
Unlocking Profits: Utilizing Probabilities for CADJPY LongsThe Canadian Dollar to Japanese Yen (CADJPY) pair is showing promising bullish potential, supported by several key fundamental factors:
Global Economic Recovery: As the world continues to rebound from recent economic challenges, risk appetite is increasing. This trend typically favors the Canadian Dollar over the safe-haven Japanese Yen.
Commodity Prices: With Canada being a major exporter of commodities, the recent surge in oil prices is likely to bolster the Canadian economy and, by extension, its currency.
Bank of Canada's Stance: The Bank of Canada's relatively hawkish monetary policy compared to the Bank of Japan's ultra-loose policy is creating a favorable interest rate differential for the Canadian Dollar.
Utilizing Probabilities for Long Positions
In this trade idea, I'm employing a probabilistic approach to enter long positions on CADJPY. By combining fundamental analysis with a probabilistic approach to chart reading, I aim to capitalize on the potential upside in CADJPY while maintaining a disciplined and systematic trading strategy.
12M:
2W:
1H:
CAD/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Previous week’s red candle means that for us the CAD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 108.419.
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Multi-Timeframe Live TradingThis strategy follows a multi-timeframe approach, using the 4-hour (H4), 1-hour (H1), and 15-minute (M15) charts.
We start with the H4 timeframe, which gives us the overall market direction. It’s important to trade in line with this timeframe whenever possible.
If there’s no change in direction on the H4, we move to the H1 to guide our next trade decision. If both the H4 and H1 show no change, we continue to follow the H4 trend.
For the Tokyo session, we're focusing on CAD/JPY, which has shifted into a short-term uptrend, despite the H4 and H1 remaining in a downtrend.
The potential trade for the London session is GBP/USD, aiming to trade the end of a bearish wave on the 15-minute chart.
Happy Trading!
CAD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the CAD/JPY with the target of 108.361 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the CAD/JPY with the target of 103.526 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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CAD_JPY WILL GO DOWN|SHORT|
✅CAD_JPY is set to retest a
Strong resistance level above at 109.000
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 108.000
SHORT🔥
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CADJPY Massive Short! SELL!
My dear subscribers,
CADJPY looks like it will make a good move, and here are the details:
The market is trading on 107.78 pivot level.
Bias - Bearish
My Stop Loss - 108.06
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probableBearish continuation.
Target - 103.30
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 BUY TF H4 TP = 116.34 On the H4 chart the trend started on Aug. 02 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 116.34
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
CADJPY - 4hrs ( Buy Trade Target Range 240 : 500 PIP ) Pair Name : CAD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Break
107.900 Area
Reasons
- Major Turn level / W
- Visible Range Poc
- inner Trend Break
- Counter Break
- Inner Choch
- Fixed Poc Area
- Fibo Golden
Bearish Reversal
110.500 Area
Profit taking Area
Bearish Reversal
115.500
Profit Taking Area
11 Money-Making Opportunities and the A.P.E FrameworkI’ve just recorded a video covering 11 Money Making Opportunities that you won’t want to miss. Here’s a quick rundown of the currency pairs discussed:
- GBPUSD
- USDJPY
- EURJPY
- GBPJPY
- NZDJPY
- NZDUSD
- AUDUSD
- AUDCAD
- USDCAD
- CADJPY
- GBPAUD
What’s Inside:
- A.P.E Framework: I’ve also shared how I use our trading framework, the A.P.E Framework, and why it’s so important in guiding my trades.
- Strategic Insight: These trading ideas are meant to get you thinking critically about your trades. Remember, they’re not meant for you to follow blindly.
Key Takeaway:
- Plan Your Own Trades: Use these ideas as a devil’s advocate to challenge your strategies and prevent you from going too aggressive on your trades.
Make sure to watch the video for in-depth analysis and insights!
What’s your take on these opportunities? Have any of these pairs caught your eye? Share your thoughts and strategies below!
Happy trading, everyone! 🚀
CADJPY "Loonie yen" Bank Bearish Robbery Plan on Short sideOla Hola Robbers / Traders,
This is our master plan to Heist CADJPY market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
CADJPY Will Go Higher! Buy!
Here is our detailed technical review for CADJPY.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 105.556.
Taking into consideration the structure & trend analysis, I believe that the market will reach 106.166 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CAD-JPY Risky Long! Buy!
Hello,Traders!
CAD-JPY keeps falling and
The pair is massively oversold
So there is a chance that
After the retest of the support
Level below at 104.246 we
Will see a local bullish correction
Buy!
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Check out other forecasts below too!
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CAD/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
We are going long on the CAD/JPY with the target of 115.294 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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Some Of My Entry Reasons , How I Have 10 Wins Tardes Per Week !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.