Cadjpyanalysis
CADJPY AnalysisHello, traders I have been analyzing the CADJPY market trend for a while now and if you look closely it has created a rising wedge pattern on a Daily time frame for my understanding, this pattern signals a bearish move. So now I will wait for the price to break the trend line and that zone I highlighted and come back to it and act as resistance then I can look for long bearish trades. So what do you think about this one?
CADJPYThough we have a bearish outlook on the monthly charts, currently we are in a strong bullish correction that is printing higher highs seeking to mitigate supply zones (118).On the weekly charts we still have the same bullish bias.
On the daily charts, we are in a minor bearish correction targeting the weak demand zone between 108-94 price handle. On the 4 hour we are still in a bearish correction seeking to clear disequilibrium. If the price breaks below 104 then its targeting the weekly demand.
CADJPY - Short after filling the imbalance ✅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 want price to make a retracement to fill the imbalance and then to reject from bearish order block + institutional big figure 110.000.
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DeGRAM | CADJPY short opportunityCADJPY is moving in the descending channel and has made lower lows.
The price is creating a potential AB=CD pattern.
Price action formed a kill zone for the short opportunity: fibo level 38.2% and reaction zone.
We expect a bearish move and the completion of the AB=CD.
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CADJPY BUY | Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity CADJPY
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CADJPY - back to basicsKeep it simple, back to basics.... whatever you want to call it, this chart is saying everything we need to know. A series of LH and LL or a break of structure - either way the message is clear.
You can go short right away, or on break of trendline or the s/r zone - depends on your trading style/risk tolerance.
Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
What do you think about this trade idea? Please comment and share your thoughts!!
CADJPY:🟢Is it bullish...?!🟢(Details on caption)
As you can see, the price took the sell-side liquidity and had a bearish reaction, in addition, we can see the price created the bullish breaker block and FVG.
Now, we can expect the price to move higher to collect the buy-side liquidity, for that, it may happen from here or retrace more to a bullish order block which formed on the 50% level Fibonacci.
💡Wait for the update!
🗓️01/03/2024
🔎 DYOR
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DeGRAM | CADJPY buying opportunity from confluence levelCADJPY is approaching the support level and 88.60% fibo level, a bullish harmonic pattern.
Price pulled back to the support zone in an oversold condition that might create a divergence.
The market rebounded from the support level multiple times, showing the significance of the level.
We expect a retest of the resistance level since the trend is bullish.
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Analysis on CADJPY [ 27 February 2024]good day fellow viewer. I am new to this youtube thing so I'll just be posting my analysis on certain pairs everyday. I am not an expert or a pro, I just enjoy analysing charts. Please enjoy and also enjoy the upcoming videos. I don't provide financial advice or sell anything. All the videos will just be my personal thoughts on which direction price will go. These are not signals but you can use my videos as an idea. You are all free to share your thoughts in the comment section. Please like the videos and subscribe. Thank you.
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Capitalizing on CAD/JPY: Seizing Selling Opportunities Amid ExteHey traders,
Let's talk about CAD/JPY and the lucrative selling opportunities it presents amidst changing external liquidity conditions.
With two significant liquidity takeouts, the market is signaling potential turbulence. It's a critical time to adapt your strategy and capitalize on selling opportunities.
Utilizing the SIBI analysis:
Strength: Evaluate the strength of CAD and JPY individually, looking at economic data and market sentiment.
Interest: Assess market interest in CAD/JPY through trading volumes and sentiment indicators.
Balance: Gauge the balance between supply and demand, watching key levels and chart patterns.
Imbalance: Identify any market imbalances that could favor selling, such as overbought conditions or divergences.
If you're eyeing a sell position, wait for confirmation signals that align with your strategy. Manage your risk diligently and stay disciplined.
Remember, trading carries risk. This analysis serves for informational purposes only. Good luck out there!
Cadjpy Short Analysis Or Chart As of now, it may touch back the upper level a bit. then
It will come back after touching a resistance which you can see on this 4 hour chart.
If we talk about the weekly trend, then the weekly trend will also go down with strong formations and it includes strong candle formations.
you Can sell it from 111.75-111.85 Area and you can use Stop loss 112.55
First Target of this trade is 110.55 and for second Target you can Hold it for 109.50 Level
CADJPY - Potential long ✅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 a long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 111.000.
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DeGRAM | CADJPY in bullish trendCADJPY is moving up the ascending channel, making higher highs and higher closes.
The market made a higher low, and it closed above the level of 111.000.
On the higher timeframe, we can see the market is extremely bullish.
We expect a bullish move since the major trend is bullish.
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CADJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL 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💰
CAD/JPY Technical Analysis and Trade IdeaMarket Observations: CAD/JPY has demonstrated a sustained bullish trend. However, the monthly timeframe indicates the pair is overextended. Furthermore, a double top pattern on the 1D chart suggests a potential retracement to the 50-61.8% Fibonacci levels. This zone could provide the necessary liquidity for major market players to accumulate long positions.
Trade Strategy:
Short Entry: Consider a counter-trend short entry at the current price level with a stop above the highs. 1:1 RR.
Buy Entry: Target a buy entry near the 61.8% Fibonacci retracement level to capitalize on potential long positions initiated by larger institutions. SL at the lows and targets as mentioned in the video.
Disclaimer: This analysis reflects my personal perspective and should not be misconstrued as financial advice. Always conduct your own thorough research and assess your risk tolerance before entering any trades.