CADJPY, take a closer look, longCADJPY go for long!
+Breakout trend line
+ Strong Support
+ Price action tells further above!
Cadjpyidea
CADJPY Up ChannelWe can see market is going up in a up side channel. so it may test its previous support and then will go to resistence.
CADJPY { SWEET AND MASSIVE OPPORTUNITY}CADJPY from the daily perspective the price has already tested the resistance plus it was moving in Ending diagonal pattern, we are looking for selling opportunities
CADJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 50 - Dec 07
M > Market has respected downward resistance trend-line in past and price has approached the trend-line to test the same, current price level also coincides with monthly resistance. We can expect a rejection to the downside.
W > Price has approached the monthly resistance for the 5th time since June 2020. It had dropped till 0.618 Fib level, creating a major support structure there. Will price make a drop to test that key support again? Yes it is possible in long term.
D > Market has shown some volatile impulsive bullish moves with similar bearish moves. Price is now testing monthly resistance and we can expect rejection.
As per COT CAD closed Long and further added Short positions, reducing net positions, however cumulative net position with N-R has improved. CXY strengthened during the said period and after testing monthly resistance it further gained strength last week and is now testing next resistance level. We can expect correction for CXY to the downside as strong bearish divergence can be seen. JPY again saw addition of major Long and some Short positions improving net positions to highest in this year. JXY however weakened during the said period and was indecisive last week ending in a Doji. We can expect strengthening of JPY this week.
With expected weakness for CXY and strength for JXY we can expect drop for CADJPY this week.
4H > We can see loss of momentum currently with upper rejection wick. Market closed the week with rejection at current level however closure of 15 M candle was bullish. We will monitor price action on lower timeframes for a bearish direction and good risk to reward Short entry.
Recommendation > Keep a watch for intraday gains volatile bearish and bullish moves.
Pair Correlation > CADJPY has positive correlation with EURJPY and negative correlation with USDCAD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
CAD/JPY BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. as always we will have to wait fora confirmation!
CAD/JPY: Daytrade-Preparation
Market-Buy: 80,940
Stop-Loss: 80,500
Target 1: 81,410
Target 2: 81,670
Target 3: 81,980
Stop-Loss: 44 pips
Risk: 0,5% -1%
Risk-Reward: 2,40
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
CadJpy- A new retest of 78?After a drop to 78 support, CadJpy recovered some losses but couldn't break above the important 80 resistance.
With OIL on a descending channel and strongly offered around 39, I expect CadJpy to follow and 78 could be the first target for bears
I'm looking to sell rallies for this pair and a daily close above 80 would invalidate this scenario
CADJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 46 - Nov 09
M > Market is moving in a downward channel. Price faced rejection at resistance level of trend-line creating double top and moved down.
W > Price dropped to test weekly support and faced rejection. This support also coincided with 0.768 Fib level on weekly bullish impulse. Price dropped again to test this support and faced rejection.
D > We saw an over extended M formation and as expected price moved upside to test its neck and complete the formation. Price continued to move further to the upside before turning bearish.
As per COT CAD closed major Long and few Short positions, reducing net positions a bit further. CAD saw huge dump during the said period with price showing some sign of recovery during the later half, however it gained strength last week and is now testing weekly resistance. We can see bearish divergence for CXY and can expect correction soon. JPY saw addition of Long and closure of Short positions improving net positions. Commercials have added both Long and Short positions, bringing their Short positions to highest in current year, in effect increasing total open interest in JPY. JXY has been gaining strength and it further gained strength last week on account of weak USD. We can expect some correction for JPY in short term.
4H > We saw volatility due to instability in market but price has finally turned bearish and has just tested supply level as resistance before continuing with downward move. We can see a W formation and can expect price to drop till its neck at least.
Pair Correlation > CADJPY has positive correlation with CHFJPY and EURJPY and negative correlation with USDCAD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
CADJPY IdeaAnalyzing the 1h chart, we have a break in the trendline and as it usually happens 80% of the time, the pair comes to retest it.
If we see that the trendline acts as a resistance, which coincidentally coincides with the 61.8 fib level, we have enough confluences to support a short position.
R/W - 1/5.7
CADJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 45 - Nov 02
M > Market is moving in a downward channel. Price faced rejection at resistance level of trend-line creating double top and moved down.
W > Price dropped to test weekly support and faced rejection. This support also coincided with 0.768 Fib level on weekly bullish impulse. Price dropped again to test this support and faced rejection.
D > Price has created an over extended M formation and we can expect a pull to the upside to test its neck before continuing with bearish move. We can already see signs of trend reversal.
As per COT CAD has not seen much movement for Long in last 2 weeks but it reported closure of Short positions. In fact N-R have more open Long positions than Institutions. CXY improved its position for the said week however it saw huge dump last week with price showing some sign of recovery end of the week. We can expect further recovery this week. JPY saw closure of Long and major Short positions improving net positions however N-R added major Long and few Short positions, improving cumulative net positions. Commercials have added both Long and Short positions, bringing their Short positions to highest in current year, in effect increasing total open interest in JPY. JXY improved its position during the said week and further improved it last week.
4H > We can see an inverted H & S pattern at weekly support and we also see bullish divergence, we can expect a move to the upside.
Pair Correlation > CADJPY has positive correlation with EURJPY, CHFJPY and GBPJPY and negative correlation with USDCAD.
Thank You
AP17FX
CAD/JPY SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
CAD/JPY: Day-Swingtrade-Preparation
Notice: Aggressive manageent as we execute ahead opening!
Markt-Sell: 79,925
Stop-Loss: 80,170
Target 1: 70,690
Target 2: 70,560
Target 3: 79,310
Target for One-Target-Trader: 70,560
Stop-Loss: 25 pips
Risk: 0,5% - 1%
Risk-Reward: 2,52
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
CADJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 43 - 19 Oct
M > Market is moving in a downward channel. Price faced rejection at resistance level of trend line creating double top and moved down.
W > Price dropped to test weekly support and faced rejection. This support also coincided with 0.786 Fib level on weekly bullish impulse.
D > We saw an over extended M formation and expected price to pull back to test the neck before continuing further to the downside. Price broke through the level to rise beyond 0.618 Fib level on last bearish impulse. Price reversed after facing rejection from daily supply zone. We can see two W formations, one got completed last week and we can set neck of second as our next target.
As per COT CAD saw addition of major Long and closure of Short positions with Short positions further reducing to least for current year, improving net positions (still in -ve). CXY further gained strength during the said week but weakened a bit last week. JPY saw addition of few Long but more Short positions reducing net positions further. JXY lost its position for the said week but ended with a Doji. However JXY improved its position last week but again ended with a Doji.
4H > After completing first W formation price pulled up but we expect it to drop for 4H demand zone and to test neck of second W formation.
Pair Correlation > CADJPY has positive correlation with GBPJPY, NZFCHF, CADCHF and NZDJPY and negative correlation with USDCAD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
CADJPY short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CADJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CADJPY SHORTCADJPY is being overbought and we can see clearly after every time it's being overbought there is a strong short following the exact paths every time. A bond is currently being formed and it's going to drop in 2-3 h I guess.
Good luck yall
CAD/JPY: SHORT trade setupmake sure to take partial profits at 80.75/85 area and lower the STOP into the money
good luck !!!
