⭐️ CADJPY : Swing Setup Opportunity? (Read the Caption)I've been patiently waiting for the price to break out of this highest resistance zone. Now, the structure is much clearer than before with just sideways movement. My plan is to go long when the price retraces or pulls back into the resistance zone that has been broken out. Yes, it's an RBS Zone.
Breakout, Pullback, and Entry? Are you on board with this strategy?
Show your support with likes and comments.
Best regards, Zack
CADJPY
CADJPY - 4hrs ( sell Trade Target Range 180 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 important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Reversal
113.000 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Major Counter Trend
- Fibo Golden Zone
- Day + week low Break
- Fixed Range Lvn
Bullish Reversal
111.200 Area
Reasons
- Major Turn level
- Fixed Range Poc
- Visible Range Hvn
- Pattern Target
- Channel Middle Band
- Choch zone
- 3 Quarter High
- 2 Quarter high
CADJPY → Trade Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . CADJPY long
! Great BUY opportunity CADJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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CADJPY A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 112.77
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 112.16
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CADJPY Will Move Higher! Long!
Here is our detailed technical review for CADJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 112.406.
Taking into consideration the structure & trend analysis, I believe that the market will reach 112.972 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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CADJPY Technical Analysis! SELL!
My dear subscribers,
CADJPY looks like it will make a good move, and here are the details:
The market is trading on 112.22 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 111.77
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
CAD-JPY Bullish Breakout! Buy!
Hello,Traders!
CAD-JPY is trading in an
Uptrend and the pair
Just made a bullish
Breakout of the key horizontal
Level of 112.346 and the breakout
Is confirmed so we will be
Expecting a further move up
Buy!
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Check out other forecasts below too!
CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
CAD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going up. 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 111.671 area.
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CADJPY Eyes Selling Setup Amid Safe-Haven JPY DemandAttention Traders,
In today's trading session, our attention is on CADJPY, with our focus directed towards a potential selling opportunity around the 112.400 zone. CADJPY is nearing a significant resistance line, marking the 112.400 supply zone.
Adding depth to our analysis, it's imperative to consider the fundamental landscape. The escalation of tensions in the Middle East has contributed to heightened market uncertainty, prompting investors to seek refuge in safe-haven assets. The Japanese Yen (JPY), renowned for its stability and reliability, is particularly favored in such environments. Therefore, we are inclined towards buying JPY amidst the escalating tensions in the Middle East, leveraging its status as a safe haven during periods of geopolitical instability.
With CADJPY poised to encounter resistance at the 112.400 supply zone and the safe-haven appeal of JPY amidst Middle East escalations, the convergence of these factors presents an opportune moment for a potential selling opportunity in the pair.
Trade wisely,
Joe
CADJPY: Weak Market & Bearish Forecast
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.
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CADJPY: Follow the breakout or rejection. Low risk trades.CADJPY is just above the bullish barrier on its 1D technical outlook (RSI = 58.297, MACD = 0.230, ADX = 26.548) despite the fact that it is near the HH trendline of the Ascending Triangle and supported at the same time by the 1D MA50. Technically this calls for a decline and the minimum inside this pattern is the 1D MA200 (TP = 109.350). If it crosses over the HH trendline and closes a 1D candle over it, we will go long, aiming at the top of the Channel Up that will prevail (TP = 115.500).
See how our prior idea has worked out:
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CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
CAD/JPY is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 111.217.
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CAD/JPY H4 | Pullback resistance at 61.8% Fibonacci retracementCAD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 111.95 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 112.58 which is a level that sits above a pullback resistance.
Take profit is at 111.03 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
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CADJPY, Ascending TriangleThe outlook for CADJPY is bullish. Price is forming an ascending triangle and is currently trading near resistance.
There are three possible outcomes for CADJPY:
Price breakout to the upside. This is the most likely scenario, as the price is forming an ascending triangle and is currently trading near resistance.
Price bounces off of support and continues to trade within the triangle. This is also a possible scenario, as the price has a history of bouncing off of support in the past.
Price breakout to the downside and then rebounds. This is the least likely scenario.
CADJPY - Potential sell idea ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from S/R zone + FIBO 0.618 level.
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CAD/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
CAD/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 111.685 level.
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CADJPY Bullish Heist Plan in Long sideHi Crazy Traders,
This is our Day Trade master plan to Heist Bullish side of CADJPY Bank. My dear Looters U can enter at the any point above my entered area, Our target is Red Zone that is High risk Caution area.
My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
Loot and escape near the target 🎯
CADJPY May Go Higher! Here is WHY: 🇨🇦🇯🇵
CADJPY formed a huge inverted head and shoulders pattern
after a test of a key horizontal daily structure support.
Because the pair is trading in a long-term bullish trend,
chances will be high to see a bullish movement to higher structure levels.
Goal for buyers: 112.14
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CADJPY is approaching a significant zoneHey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 112.300 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 112.300 support and resistance area.
Trade safe, Joe.
Strifor || USDCAD-04/04/2024Preferred direction: SELL
Comment: The Canadian dollar also perfectly fulfilled its medium-term sell scenario, which we gave earlier. Here, as with AUDUSD , in the short term, the sell-priority remains, and a fall is expected towards the level of 1.34500 , where the nearest support is located. It should be noted that the instrument retains the prospect of falling to the level of 1.34000.
We identify two main scenarios for selling, mostly intraday. The likelihood that the seller will be aggressive is high.
Additional comments on this trade will be provided as situation changes. Follow us!
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CADJPY: Riding the Bullish Wave Towards New HighsHi Realistic Traders, let's delve into the technical analysis of FX:CADJPY
CADJPY is currently trading above the EMA90 line, indicating a robust bullish trend . The formation of a symmetrical triangle pattern further supports this trend continuation. On March 28, 2024, the price broke out of the symmetrical triangle pattern with a bullish full-body candlestick , affirming the bullish sentiment. Subsequently, an inside bar pattern emerged, and the recent breakout above its high suggests a potential upward movement toward the first target area. A retracement to the previous resistance zone is anticipated after reaching the first target, followed by a potential push toward a new high or the second target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY."
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