Cadjpylong
CADJPY 80.84 + 0.14 LONG IDEA * BREAKOUT & CONTINUATIONHEY EVERYONE
Here's an update on the CADJPY which wasn't triggered in the previous analysis see attached idea on the pair, the is currently trading in a symmetrical triangle after this consolidation looking for a break above of structure which will trigger the trade.
As always higher time-frames for direction and whats happening in the overall chart and lower time-frames for entry opportunities.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET THE WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
📢CAD/JPY Long Opportunity 👍This pair has just started a correction, there's a good chance this pair will head higher. It's on the watchlist 👀👀
CADJPY - Bullish BiasCAD - BULLISH
1️⃣ Positive industrial production in China boosted the oil prices.
2️⃣ The rising in oil prices support the CAD.
3️⃣ CAD benefited from the risk-on tone.
JPY - BEARISH
1️⃣ Investor cheered as 15 Asian Pacific nations signed one of the biggest free trade deals in history, covering 2.2 billion people and 30% of the world’s economic output.
2️⃣ The risk-on tone weighing on JPY.
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Technical
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We are buying the CADJPY at a support level of 80.200 on the H1 chart.
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
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.
