CADJPY - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: As we can see here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block for a short position.
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Cadjpylong
CADJPY : Current Situation & Technical , Fundamental View#CADJPY
- CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG.
- The reason for that is because the Central Bank of Japan did not intervene in the long term to strengthen the JPY, they are strengthening the JPY in other ways without raising the rate. Meanwhile, the price of OIL has gone down a bit, so the CAD has become very weak in the last few days. Anyway, as expected in the BOC RATE DECISION the other day, the RATE HIKE was done.
- But somehow the CANADIAN CENTRAL BANK has become HAWKISH. Therefore, CADJPY should definitely be slightly UP until the 103.110 LEVEL. Before that, there is a very high possibility of selling to the 93.00 level. So FOLLOW STRUCTURES. If JPY becomes strong, it can sell at 93.01 level.
CAD/JPY Very Near Strong Support , Is It The Time To Buy It ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADJPYCatch a falling star tonight,
Put it in your pocket, hold it tight.
Wait for a rainy day to come,
And let your wishes all be done.
With every twinkle, every shine,
Your dreams will come to life in time.
So don't let go, don't you fear,
A brighter future is always near.
look like XAUUSD
all trades are for my research of,4
with help of COT and TA the analysis are mad
Buy CADJPY SW 130323 12.00📌📌Signal Buy CADJPY📌📌
Link :
📍📍Open order 97.680
Buy lim 1 96.850
Buy lim 2 95.900
Buy lim 3 95.150
Buy lim 4 94.300
Buy lim 5 93.500
Tp 101.800
Sl 92.600
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
CADJPY Sell Setup - Post BOJ dataHe Traders,
The CADJPY broke below the key demand zone, early London session yesterday, then made a retest back to zone (that could have a given a quick sniper entry for traders that checked this and saw it early.
However, i decided to wait for a more cleaner entry - meaning i am expecting a better retest (mitigation) of the previous support area then now using it as a resistance.
Now, the price is heading toward that zone, which also confluence with 50% Fibonacci level and 21-period EMA.
A limit order can be place at this zone and target the demand / OB below.
Always apply risk management
Adding another buy order in $CADJPYTrade type AAA
Previous idea:
Reasons for taking this trade:
- 1HR has closed bullish
- 4hr candlestick has just opened.
- sell-side liquidity has been cleared.
- There are two liquidity pools above that need to be cleared as well.
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
Buying $CADJPY hereTrade Type AAA
Reasons for taking this trade
4HR Candlestick is closing bullish.
Zone 1 and 2 have been filled.
This price is at daily OB hence taking buys makes sense. There is a clear range to be covered.
There is a liquidity pool to be filled
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
CadJpy LongI am looking to long CadJpy once it breaks the 99.257 resistance and closes above it. It might first bounce and come back to retest the 96.234 support to create a Head & Shoulder pattern before it goes long but I will wait for confirmation.
My setup will be invalid if it fails to break the above resistance and breaks the 95.400 and closes below. That is when I will start to look for short opportunities
Plausible Bullish doubt on CAD/JPYI an able to spot a good trade opportunity on CADJPY, but at the moment, the direction is not very clear, since the pair has been ranging since Monday Open.
I keep wating for a nice Trend to join at the top pr bottom. A break above the supply zone would mean Buy for me while a break below the demand zone would mean sell. Both entry will be taken in 15Min TF and i have to see a divergence to support the entry of the trade.
You can watchout for either
Feb 24 CADJPY Short-term bear before LONG PositionMTF Analysis
Monthly TF had a big push up from tapping the 38.2 Monthly Fib retracement.
On a weekly TF, this retracement bounce on a Monthly 38.2 Fib is a bull run.
This weekly TF bull run has run out right at the previous month's high, previous week's high, and prev day's high -- which was the best entry point had i done Wyckoff analysis earlier
Anyway, since price has ran out of gas on this weekly bull run, it's actually about to break the weekly/daily trendline it's been bouncing off of.
My bias is that price will retrace from a Weekly TF perspective to the 38.2 weekly fib level which also perfectly aligns with the previous week's low & an H4 imbalance/inefficiency.
Fundamentals to support my bias.
JPY had a good inflation YoY rate this morning.
CAD had some wobly numbers from yesterday's economic updates.
CADJPY buy idea CADJPY broke strongly to the upside with volume. In the coming days ill be watching to see if it pullbacks to the entry zone as marked out by the long trade on the chart with the 2 targets set. Stop loss will depend on the move down.
Should the sellers start selling aggressively with high volume, this idea will no longer be valid.
Bullish Setup on $CADJPYOur last idea did work but did not reach our tp: I overpredicted it
Reason for taking a long entry here:
Engulfing Bullish candle confirmation in H4
3 touch move on the downside
Liquidity pool at above 100
Psychological price level of 100 has not been hit yet.
Supply zone at 100.797 has not been filled yet (this will be our TP)
CADJPY Pre Employment DataFor Long Traders...
Risk Averse Longs present themselves... Aslong as you are long at key PA Kill zone levels.
After all you can buy flimsy weak prices if ya want... but something a little more robust will prove stronger.
Scale in on falls, Scale out on rises.
If we do NOT reach that price point we do not lose money. We can trade something else or indeed look to short higher up.
CADJPY On a Long-term Bullish TrendCADJPY has been on a bearish trend for a couple of months now, however, there are chances that bears are exhausted and it might be time for bulls to run the price to the 110 to 120 price mark! it will take months for this analysis to yield, but should the right buying opportunity occur, the target ought to be the 114 to 120 price level!