CADJPY, take a closer look, longCADJPY go for long!
+Breakout trend line
+ Strong Support
+ Price action tells further above!
Cadjpysetup
CADJPY, Shooting the moon and the stars, longCADJPY has an idea to go for long;
+ Bullish Divergence
+ Strong Support
+ Breakout Trend Line
CADJPY Up ChannelWe can see market is going up in a up side channel. so it may test its previous support and then will go to resistence.
CADJPY { SWEET AND MASSIVE OPPORTUNITY}CADJPY from the daily perspective the price has already tested the resistance plus it was moving in Ending diagonal pattern, we are looking for selling opportunities
cadjpyWhile CAD/JPY rates are still hovering below resistance that is constraining a breakout.it’s too soon to say that the CAD/JPY bullish breakout attempt has been denied. It remains true that clearing 81.58 and 81.91 would be strong indications that CAD/JPY rates were embarking on an earnest bullish breakout attempt… CAD/JPY rates are starting to regain bullish momentum.While the CAD/JPY chart suggests more patience is required, traders should be on alert for another attempt at parallel channel resistance in the 81.58 to 81.91 zone in the next week or two.
CADJPY ShortCurrently in a CJ short. Entered based on price breaking structure and failing to push up
CADJPY WEEKLY TIMEFRAMESounds likely to decrease in weekly timeframe although I see an increase for this pair in 4h timeframe, logically enough we will get ready to go for the sell position.
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
CadJpy- A new retest of 78?After a drop to 78 support, CadJpy recovered some losses but couldn't break above the important 80 resistance.
With OIL on a descending channel and strongly offered around 39, I expect CadJpy to follow and 78 could be the first target for bears
I'm looking to sell rallies for this pair and a daily close above 80 would invalidate this scenario
CADJPY, daily tf, sell trend line breakHello my friends,
Another setup for you today is CADJPY pairs.
It is making the same setup like CHFJPY pairs from previous post
Check it out as well
Price broken below the trend line and now retesting it at an area of confluences.
This is the meeting point of horizonal resistance, EMA and trend line.
It would take strong momentum from buyers to take out this resistance in my opinion.
But looking at this current condition, i think it will be rejected and goes down especially looking the last candle looks like an indecision candle.
Sell CADJPY 79.50
Stop loss 79.95
Take profit 77.70
RR ratio 1 : 4 (4R)
Use only 1-2% risk
Good luck
Disclaimer :I sold CADJPY frm 79.50
CADJPY IdeaAnalyzing the 1h chart, we have a break in the trendline and as it usually happens 80% of the time, the pair comes to retest it.
If we see that the trendline acts as a resistance, which coincidentally coincides with the 61.8 fib level, we have enough confluences to support a short position.
R/W - 1/5.7
CAD/JPY SELL 📉👋 Hello and welcome traders to another trade idea with Fobian
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👉 WE have sell conformation:
- Trend was broken.
- EMA's give us SELL signal.
- Candle close below ASIAN session.
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CADJPY - Daily; SHORT, good for 300 pips. Wait for it!...Just like it says in the chart: Wait for it!...; ~30 pip Stop should be sufficient for the turn.
Buy: 79.26
The Ingenuity Trading Model is a Hidden Markov Model with specific inputs related to Price, Time, Volume , and Volatility .
CADJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Market is moving in a downward channel. Price faced rejection at resistance level of trend line creating double top and moved down.
W > Price dropped to test weekly support and faced rejection.
D > We saw an over extended M formation weeks ago and expected price to return back to test the neck before continuing further to the downside. Price is slowly moving to our target.
As per COT CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week. JPY had closure of both Long and Short reducing net positions, this made JXY weak for the said week. Whereas JXY slightly recovered its position last week.
4H > Price was stuck in a range of 50 pips, it has broken the range and now moving to the upside to test the neck and complete M formation.
Pair Correlation > CADJPY has positive correlation with AUDJPY, EURJPY and GBPJPY and negative correlation with USDCAD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
CADJPY - Outlook 3 October 2020 - Range potential?Hi all traders,
This is a video analysis on CADJPY.
For those who are trading cadjpy, do take note of those levels as mentioned within the video.
Trade safe and be patient on this pair.
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****Like and share this video analysis with your friends****
Cheers and thank you very much!
CAD/JPY: SHORT trade setupmake sure to take partial profits at 80.75/85 area and lower the STOP into the money
good luck !!!
CADJPY H1 Analysis Based On Price Action Theory.Dear Traders Today We Have Analysis Of CADJPY H1. This Analysis Based On Price Action Theory.
According The Analysis We Can See That Market On Down Trend As Well As Price Reject on Resistance@ 79.739 With Trend line support & Market Have New Support Level@78.969 .
I Request to All Before The Trade You Also Match You Analysis With As If Your Set up Match Then You Can Trade.
CADJPY - Outlook 20 Sept 2020 - Sell BiasedHi all traders,
This is a video analysis of cadjpy.
As always, i have pre-warn some nice levels within cadjpy for traders to take extra note of it.
Hope you like this video analysis.
Please help to like and share this video analysis with your friends.
Follow me on tradingview so that you will be notified of any new updates / video analysis.
Thank you!
Cheers!
