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CADJPY Analysis For A SELL Idea!!!!CADJPY - 4H Chart Sell Analysis Market Structure • The overall structure is bearish, with price forming lower highs and lower lows. • Price attempted to rally but failed to break above 105.000, a major supply zone and previous support turned resistance. • The most recent push above the highs appears to be a liquidity grab, followed by a strong rejection. Supply & Resistance Zones • Price reacted strongly to a key supply zone around 104.500 - 105.000. • Multiple rejections and wicks in this zone suggest heavy selling interest. • A fake breakout (bull trap) is visible, where buyers got trapped above resistance before a bearish move resumed. Price Action Confirmation • The bearish engulfing candle after the liquidity grab suggests a potential shift in momentum. • Price broke below a minor support level and is currently retesting it, aligning with a lower high formation. • The 50 EMA (blue line) is acting as dynamic resistance, further supporting the bearish bias. Target Zones • First target: 103.000 – a key intraday support and minor demand zone. • Main target: 102.000 - 101.800 – a strong demand area and previous low where price may look to rebalance and tap liquidity. Trade Setup • Entry: Around 104.000 - 104.100 after a confirmed retest of broken support. • Stop Loss: Above 104.500 - 104.700, outside the recent supply zone. • Take Profit: Partial at 103.000, final TP at 102.000. Confluences 1. Bearish trend continuation. 2. Liquidity grab above previous highs (105.000 area). 3. Rejection from major supply zone. 4. EMA resistance and structural confirmation of lower high. Final Outlook • If price stays below 104.300, sellers likely maintain control. • A clean break below 103.500 will confirm further downside. • A move and close above 105.000 would invalidate this sell setup.
Short
by DBFXTrader
CADJPY: Bearish Outlook as BOJ Stays HawkishHey Realistic Traders! BOJ’s Hawkish Stance, Will OANDA:CADJPY Turn More Bearish? Let’s Dive into the Analysis... Technical analysis On the H4 timeframe, CAD/JPY has repeatedly tested the 200 EMA but struggled to stay above it for long, indicating a strong bearish trend. Even the latest price correction failed to break above the 0.5 Fibonacci retracement level. Afterward, the price formed a bearish rising wedge pattern, followed by a breakout. The MACD indicator also signaled a bearish crossover, reinforcing the likelihood of further downside. Looking ahead, CAD/JPY could drop toward the first target at 101.505 and, if selling pressure persists, potentially reach the second target at 100.159. These levels align with previous price movements and key historical support zones. However, this bearish outlook remains valid only if the price stays below the key stop-loss level at 105.133. Market Sentiments Japan’s Bank of Japan (BOJ) is keeping its short-term interest rate steady at 0.5% while monitoring domestic wage growth and rising food prices. If inflation continues to rise, the BOJ may increase rates, potentially to 0.75% or higher, which could strengthen the yen and potentially make the CADJPY going lower. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CAD/JPY"
Short
by financialfreedomgoals101
7
CAD/JPY Rising Channel Breakdown Looms Bears in Play !Rising Channel Formation The price is trading within a rising channel, indicating a potential bullish continuation or a reversal depending on how the price reacts near the channel's boundaries. The upper boundary of the channel acted as resistance, where a rejection occurred, leading to a short setup. Golden Pocket Zone Around the 108.660–108.491 level, a "Golden Pocket Zone" is marked, indicating an area of potential caution due to increased market indecision. This zone aligns with Fibonacci retracement levels or historical pivot points. Support Levels A Good Trading Zone is identified between 107.248–106.780, which represents a potential support area for price reversal or consolidation. Wicks Pivotal Point near 105.851–105.817 serves as a critical demand zone where significant buying interest might reemerge. Short Position Setup Entry Signal: A Sell signal was triggered near the channel's resistance line, supported by a failure to break higher. The price also exhibited a rejection at a critical resistance level within the Golden Pocket Zone. Profit Levels The Peak Profit 0.22% label indicates a modest gain so far, suggesting a potential continuation if the price breaks below the channel support. A prior Peak Profit 2.96% was achieved on a similar short setup from a lower level, confirming the bearish potential within the structure. Target Levels First target: 107.248, aligning with the Good Trading Zone. Second target: 106.780, which is the bottom of the Trading Zone. Extended target: 105.851, Wicks Pivotal Point, for a more aggressive short. Stop-Loss Placement A stop-loss should be positioned above the Golden Pocket Zone (around 109.000) to protect against false breakouts or unexpected bullish momentum. Technical Patterns and Indicators Rejection Candlesticks The price formed bearish rejection candles near the channel's upper boundary and the Golden Pocket Zone, indicating strong selling pressure. Trendline Confluence The lower boundary of the channel intersects with the 107.248 level, adding confluence for a possible bounce or further breakdown. Momentum Analysis The price appears to lose upward momentum after several failed attempts to make a higher high, suggesting sellers are gaining control. This short position aligns with the current market structure, leveraging resistance levels, a rejection from the upper trendline, and bearish momentum. However, traders should exercise caution near the identified support zones and adjust stop-loss levels based on intraday volatility. A clear break below the Good Trading Zone could open the door to extended downside potential toward the Wicks Pivotal Point.
Short
by wolfchemist
Downward Pressure Persists as Yen Strengthens on Rate Hike HopeHey Realistic Traders, Will OANDA:CADJPY continue its bearish trend? Let’s Dive In.... In the H4 timeframe, CADJPY has broken out of a distribution phase as it continues to move below the bearish trendline and the EMA-200 line. The pair also formed a Rising Wedge pattern, followed by an impulsive breakout, which strongly indicates the continuation of the prevailing bearish trend. Further confirming this outlook, the MACD momentum indicator has signaled a bearish crossover, strengthening our bearish hypothesis. Given these technical factors, we anticipate a potential downward movement toward the nearest historical support area (Target 1) at 105.955. After reaching this level, we foresee a minor correction back to the green zone before the pair resumes its bearish journey to the second target at 104.902. However, this bearish outlook remains valid only if the price holds resistance below the critical stop-loss level at 108.976. Fundamental Reason Supporting Yen Strength: The Bank of Japan (BOJ) is signaling further rate hikes as economic data, including wage growth and inflation, align with its projections. BOJ Governor Kazuo Ueda recently suggested that another rate hike is "nearing," citing steady progress in economic conditions. This hawkish stance further supports the bearish outlook on CADJPY, as a stronger yen typically exerts downward pressure on the pair. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY".
Short
by financialfreedomgoals101
CADJPYHere is our view on CADJPY . Potential short opportunity. CADJPY has been following the downtrend for quite some time now. After its pullback to 107.100 the H4 is turning bearish again. After considering this we might continue following the trend and target lower levels such as 105.400 and 104.780 where our TP (Take Profit) is sitting at. If we break above our SL (Stop Loss) sitting at 107.485 we might visit higher prices. Our entry is at market price (current) sitting at 106.665 . PARAMETERS - Entry: 106.665 - SL: 107.485 - TP: 104.780 KEY NOTES - CADJPY is in a downtrend. - CADJPY has made its pullback to 107.100. - Breaks above our SL (Stop Loss) would result in higher prices and possible reverses. Happy trading! FxPocket
Short
by FxPocket
CAD/JPY At Interesting Area To Short And Get 200 Pips, Ready ?We have a very good setup to sell this pair after this amazing fake breakout and again the price respect the res again and we have a very good bearish price action at the moment , so i`m looking to sell this pair from the same res and targeting 200 pips . 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.
Short
by FX_Elite_Club