possible increase for CADJPYI see good increase for Canadian Dollar by the starting of next week, also I suppose Japanese Yen will decrease by comparison with other pairs
Cadjpylong
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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Peace and good trades
Irasor
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CADJPY - Bullish BiasCAD - Bullish
1- The rising in oil prices support the CAD.
JPY - Bearish
1- COVID-19 vaccine pressured the safe-haven currencies such as JPY.
2- Risk-On market sentiment.
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Technical
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We are buying the CADJPY because it was retraced in the previous session and to test the RBS in H1.
cadjpy inverted head & shoulderscadjpy formed an inverted head & shoulder so a break above neckline will be a nice opportunity to buy.
CAD/JPY LongI entered a long position here. I like the risk to reward. Price is at a strong Daily resistance. Showing some momentum to the upside.
CADJPY long1h time frame:
end of 5th wave.
fibonacci cluster.
regular divergence in MACD and RSI indicators.
buy stop command.
stop loss: 79.170
CADJPY IdeaThe pair finally hit the trendline and respected it for a few hours. Then it showed buying power and about 3/4 hours later, it fell again, but always closing above the trendline (1 hour candles).
To confirm the entry, we have a doji, followed by an engolfing candle and a failed attempt to bring the pair down. Entry just after the failed attempt candle closes.
R/W - 1/3.6
CADJPYThe pair hit the trendline and it shows some buying strengh. Only go long IF the 1h candle closes above the others, Always wait for confirmation! It's a huge reward with low risk trade. 1 risk to 5/6 reward
If it doesn't close above, we can discard the trade idea until it hit the second trend line (the one on the below)
CADJPY in a Bull Flag.CADJPY is in a bull flag which has bias to break to the upside.
The price is above both EMA's, 20 and 50.
RSI is trending higher.
I am going to buy a break of 80.200
Taking profit slightly below 80.600, roughly 40 pips.
Good luck with this pair!
Tibor
Cadjpy buy from retracement Was waiting so long for cadjpy to retrace to the 0.5 or 0.618 fibo on the daily chart. Today the market has tested the 0.5 fibo and now we can look for a long. The market can also go and retrace to the 0.618 fibo. But Right now 4H is bearish so wait for 4H to change to bullish and buy cadjpy from here.
CADJPY - BULLISH BIASCAD - BULLISH
1️⃣ WTI crude futures pared early losses to trade above $40 a barrel on Wednesday, on the back of IEA forecasts which showed crude inventories will likely fall by 4.1 million barrels a day in the fourth quarter of the year and a weaker dollar.
2️⃣ Governor Macklem added that the BoC is not actively discussing negative interest rates but they are a tool the bank could use in case it needs to do more to tackle economic challenges caused by the pandemic.
3️⃣ CAD gathers strength on impressive Canadian jobs report. Unemployment Rate in Canada declined to 9% in September.
JPY - BEARISH
1️⃣ Stability in the equity markets undermined the safe-haven JPY.
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TECHNICAL
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- We're looking to long this pair on RBS level + fibo retracement 50.0% on H1 chart.
- CADJPY in bullish zone.
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.
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Thank you for your support ;)
GWBFX
cadjpy- still buy -cross levelcross level buy . cadjpy still big oppertunity for long term
aim-81 to 84
thanks
CADJPY [H4] Wait to Support for Re run ✅✅CADJPY Wait to Support for Re run ✅✅
Node CADJPY Break and coming down to resistance
How to trade ??
When price hitting on support or near Entry BUY here
📣📣📣 IMPORTANT
❌ IF BREAK SUPPORT NO TRADE ❌
NEXT RESISTANCE ▶ 80.xxx
Support ▶ 70.xxx
Good luck
Ton Trader
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