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Cadjpylong

CADJPY all the way upWhat's up guys! I'm looking for major buy setups on the retest as price break through the daily resistance zone I would have entered on the break but I like using a more conservative approach when it comes to currency pairs Based on the market structure , price can still make higher highs after the break of the 4H trendline and the last swing high showing the bulls back after a corrective phase I still zoomed into lower timeframe to look for more setups to capitalize on this trade I will not enter this if it doesn't fit into my trading style What do you guys feel ?
Long
by newschooltrader
2
CADJPY - Bullish BiasCAD - Weak Bullish 1️⃣ CAD remains supported by an increase in WTI crude oil prices. 2️⃣ The economy in Canada added as many as 157K jobs in September, easily beating market expectations for 65K growth. Meanwhile, the unemployment rate fell to 6.9% from 7.1% in the previous month, in line with market forecasts. 3️⃣ The inflation rate for September is projected to increase following a sharp spike in the price component in the IVEY PMI. 4️⃣ BOC is expected to announce lower asset purchases to 1 billion a week from 2 billion a week previously. JPY - Strong Bearish 1️⃣ Positive risk tone weighing on the JPY. ===== Technical ===== We are buying the CADJPY after it bounced back at the support level. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Long
by MonsunAsia
2
CADJPY - Bullish BiasCAD - Weak Bullish 1️⃣ Rising crude oil prices support the strength of CAD. 2️⃣ In August, Canada’s trade surplus increased to CAD 1.94 billion, from CAD 0.74 billion in the previous month, and surpassed the market forecast of a CAD surplus of 0.43 billion. 3️⃣ Canada’s IVEY PMI is forecast to rise in September following the easing of restrictions. JPY - Strong Bullish 1️⃣ The fall in global stocks gave strength to the safe-haven currency JPY. ===== Technical ===== We are looking to buy the CADJPY if the risk sentiment turned positive, with a reversal pattern in price action. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Long
by MonsunAsia
Zigzag Wave @ CADJPY - BUY PAIRFriends, CADJPY/EURUSD and GBPUSD are all correlated. Compare them using Daily TF if you feel like verifying. Am going long with multiple positions strategically trapped inside the yellow box area. You might want to you stop and limit orders. Feel free to sit this one out if you have already opened GBPUSD or EURUSD trades. Ultimately do not trade this signal if your trading system does not allow you to risk your capital on corrective or zigzag waves. PPPDirhams. Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment.. FX:CADJPY
Long
by Kingsley_lotanna