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Cadjpylong

The rise of CADJPY continuesSince the beginning of November last year, we have an upward movement of H4 at CADJPY. Earlier this week, the price reached its high points from December, testing and holding them without being able to break them. Before making a new attempt we see that a triangle is formed on H1, which is broken and now with new forces it will try to break the previous peak! An additional confidence that it will succeed is the fact that we see higher bottoms all the time! In case of a break we expect the price to reach: 82.30 82.50 83.40 If you do not engage in the break, you can wait for a test of the already broken peak. If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Long
by ForexTrendline
2
Further Upside on CADJPY as 81.7 Resistance InvalidatesQuite a few Signposts on my chart as I've been monitoring this pair for quite a while. 81.7 was a structural resistance, which we'er seeing that it's no longer holding. Quite a few sellers were recently trapped, which is a good sign that we probabilistically can expect further upside. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Long
by FinancialGamblR
4
CADJPY - LONG - 📍 10+ years experience in markets 📍Professional Stock market and Forex trader 📍 Supply/Demand Zones 📍 Frequent updates 📍Covering FX / Gold Spot / NSE-BSE / DFM / ADX / US Stocks 📍Real time updates KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis Please use STOP LOSS and don’t risk more then 1% or maximum 2% of your total account ⏳ 1 day - Chart analysis LONG Don’t risk more then 2% of your total account - Entry Point between 80.60 to 81.00 TP - 84 to 84.50 SL - 80.00
Long
by FOLLOW_PIPS
CADJPJ (H4): LONG Opportunity Following this UPTREND!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! This market is giving us a great opportunity! I suggest you to have a quick look on the "CADJPY" Daily Chart to understand with a different perspective the reasons of this market's movement. You could check it out clicking the link here below: Let's focus now on the area that interests us: As we can see, since the end of December the price has been following a secondary ascending channel, it broke the channel's resistance and it reached an important main resistance zone. Because of the strenght of this uptrend, there are high probabilities that the price will continue on the same trend, trying to reach the next resistance area. ONLY IF THE PRICE will Bounce on the dynamic support of the secondary ascending channel, you might consider the following trade details (be aware about the price action around this resistance zone): ENTRY POINT: 81.777 TAKE PROFIT: 82.789 STOP LOSS: 81.283 RISK/REWARD RATIO: 2 Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
6
CADJPY - Bullish BiasCAD - BULLISH 1️⃣ Coronavirus vaccination rollout is raising prospects of a swift economic recovery in the new year, although the pandemic is still far from controlled. 2️⃣ The Canadian economy advanced 0.4% in October, the 6th straight month of growth and the Manufacturing PMI for December was the strongest on record. 3️⃣ Rallied in oil prices boosted the CAD. JPY - BEARISH 1️⃣ Japanese Prime Minister Yoshihide Suga is set to declare a state of emergency in the Tokyo area on Thursday evening as Japan's daily coronavirus infections hit a record 6,004 cases Wednesday. 2️⃣ The positive risk tone could pressure the safe-haven JPY. ===== Technical ===== We are looking to buy the CADJPY on the support of 81.200 + above SMA 50 on the H1 chart.
Long
by MonsunAsia
CADJPY - Bullish BiasCAD - BULLISH 1️⃣ Bullish sentiment across global markets prompted investors to buy riskier assets. 2️⃣ Coronavirus vaccination rollout is raising prospects of a swift economic recovery in the new year, although the pandemic is still far from controlled. 3️⃣ The Canadian economy advanced 0.4% in October, the 6th straight month of growth and the Manufacturing PMI for December was the strongest on record. 4️⃣ Rallied in oil prices boosted the CAD. JPY - BEARISH 1️⃣ Prime Minister Suga Yoshihide is expected to impose a state of emergency later this week as Japan confirmed over 4,900 new infections on Tuesday, marking the highest daily tally yet. 2️⃣ The positive risk tone could pressure the safe-haven JPY. ===== Technical ===== We are looking to buy the CADJPY above the RBS + above SMA 50 on the H1 chart.
Long
by MonsunAsia