CADJPY Going Bullish. Double BottomCADJPY looking very bullish on the 4hr TF after creating a double bottom.
Also, our special alert system points out a potential 50 to 100pips to the upside.
Cadjpylong
Long Vision on CAD JPYHello Dear Traders,
You find below my analysis for CAD/JPY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame CAD/JPY will rise to 88.65 as I am showing in my chart (61.8 Fibonacci). Our Weekly Goal is 89.15.
Currently,CAD/JPY is moving towards the support level of 88,25 where there is some liquidity, from this value we are looking for short-term buying opportunities of CAD/JPY.
BoC will be announcing their monetary policy decision later and it is expected that BOC will be holding interest rate unchanged at 0.25%.
Good Luck and enjoy your Bullish Market.
Entry:@ 88.15
TP1: 88.45
TP2: 88.65
TP3: 89.15
SL: 88
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
CAD/JPY LONG TRADE IDEACAD/JPY Signal
Market Buy: 88,250
Stop-Loss: 87,650
Target 1: 89,000
Target 2: 90,050
Stop-Loss: 60 pips
Risk: 0,5%
Risk-Reward: 3,0
CADJPY LongCADJPY is currently in a buy, having hit the lowest point buy, and soon to go up and out of the oversold buy. Definitely a trade worth holding on to and could hit a TP of 89.060
CADJPY - Bullish BiasCAD - Strong Bullish
1️⃣ CAD has been supported by rising crude oil prices.
2️⃣ The Bank of Canada has been one of the first developed country banks to announce a tapering in its QE program as the bank adapts to improving domestic economic conditions.
3️⃣ Canadian IVEY PMI and employment data will be released later this week and expected to increase higher.
JPY - Strong Bearish
1️⃣ JPY pressured as market sentiment turned risk-on following positive US jobs data.
=====
Technical
=====
We are buying the CADJPY around support + above SMA 50 + at the pivot point on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Cadjpy ForecastMy view on CADJPY is BULISH...
Monthly Bearish
Weekly BULISH but going to hit previous supply zone 3rd time...
Daily BULISH...
.
.
.
CADJPY SHORTCADJPY SELL :
REASONS :
1)IN 4H CHART THE RED CANDLE STARTED AND IT IS PATTERN GOING DOWNTREND , SO WE ARE GOING FOR A SELL ,
TP : GREEN LINE
SL : REDLINE
IF SL HIT : ONLY 10 PIPS MINUS
IP TP HIT : ITS 78 PIPS PLUS
CADJPY This Week Trading OpportunityI try to make Every thing Simple and Self explanatory in The Chart. Thank you for Watching My Trading Idea.
rise up againRSI on 1H, 2H and 4H are high but not oversold, leaving enough space to go up further. To me today's rise breakout the recent mini-downtrend, therefore it should rise up a bit further before another retracement. 89.976 is the minimum I'm looking forward to achieve.
CADJPY long trade idea Taking a long on CADJPY. 2 values as stated for BE and TP 1 along with final target. Will look to hold over a few days at least
CADJPY - BULLISH BIASCAD - Bullish
1️⃣ Confidence among Canadian exporters has soared to its highest level in more than 20 years following the continued global economic recovery.
2️⃣ Global crude oil prices traded well following a decline in inventories and market sentiment remained optimistic due to extensive vaccination programs in Europe and the United States.
JPY - Bearish
1️⃣ Positive global market sentiment could put pressure on safe-haven currencies like the JPY.
=====
TECHNICAL
=====
- We're buying CADJPY on RBS level on H1 chart + pivot point area.
CADJPY Long Analysis Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
CAD/JPY good long position as we shared our analysis last week and market follows our predication and went exactly there to retest
now market is at demand zone and going long
look for bullish confirmation on lower time frames and enter long with your own money management
always remember that patience and discipline are the keys to success
last week prediction link is here
CADJPY - Downside Continuation I feel as if the huge impulsive move was just a hunt for liquidity on this bearish trend, now that we have got it out of the way, we should be able to continue smooth sailing to the downside.
CADJPY-Long#CADJPY is not able to cross-resistance so it's gaining more power. Once it will broke the bearish trend then there will be confirmed buy.
CADJPY LONG !!!Few hours prior the BOC Interest rate statement we find CADJPY hovering above a major support level 90.300 ,aided with 61.8% of the fibonacci retracement which portray an strong demand zone with bullish confluence.
CADJPY / Long / Dont let this "Bear Market" fool you...In my opinion this is still long.. The structure of price is yet to be broken and if you look at this properly you will see a higher high was created and a choppy retest is taking place..
TREND IS YOUR FRIEND
CADJPY LongClearly respecting dynamic support
Bullish market structure, higher highs and higher lows
Wick rejection of 61.8 Fibonacci level, indicates potential impulsive move to upside
Anticipating push towards Fib extension based target of 91.64, 1:5RR with 2% risk
CADJPY BUY IDEACAD performed a flag pattern this past week and a half, showing some back and forth between buyers and sellers. Will the long position hold? Not sure, but I see a good buy set up - be it short or long term. If you'd like to participate in this trade idea, please use proper risk management.
