CADJPY BEARISHThe strength of the yen continues against the Canadian dollar, sentiment indicates that the price will continue falling against the CAD.
Cadjpyshort
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 105.00 LEVEL. Before that, there is definitely a very high possibility to sell to 98.78 LEVEL. So FOLLOW STRUCTURES. If JPY becomes strong, it can sell at 93.01 level.
CADJPY PLAN!Hello traders around the world!
I want to talk about CADJPY and what I'm planning on this pair for this week.
First of all, If you go back to the weekly chart, you can clearly see that the price reached a mass psychological level since Dec 2014 (106.501).
On Monday 18 Apr 2022 the price started to create an ascending channel till Monday 07 Nov 2022 reaching the mass psychological level since Dec 2014 (106.501).
The price broke to the downside impulsively and might be currently forming a bearish correction.
Now, moving to the 4H Timeframe, we have two rejection lines:
1st one: 101.204
2nd one: 100.863
We can also draw an upper trend line If we connect these previous two prices & we can see that the current price is just under the upper TL.
I am currently looking for a reversal pattern on the 1H chart for a short position. I am also considering the rejection lines as mentioned before.
Patience is key.
#THEPRIMES
CADJPY - Sell-off expected ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price could reject from bearish order block + institutional big figure 100.000. My target for long term is sell stop liquidity.
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CADJPY Movement Within the HOLY GRAILPrice will be contained within arc SV and UW long term.
Is the duty of the analyst to determine the various turning points within the arcs.
As vector UV moves along arc SV indicating the TOPS.
TOPS ( Price Unit)
1. 359.7 ( 354 Lunar sequence ). Double top formed on 17 oct 2022 ( 6 weeks apart )
2. 263.64 ( 278 Lunar sequence). Double top confirmed 10 apr 2023 ( 6 weeks apart)
Next Expected top = 203.93 ( 219 lunar sequence )
CORRECTION BOTTOMS ( Price Unit )
1. Double Bottom within 16 Jan 2023 and 20 mar 2023 ( 9 weeks apart )
206.17 ( 219 lunar sequence)
2. Next Expected bottom = 185.29 ( 172 Lunar sequence)
Use strict SL slight above 101.558
TP @ 92.535
AUDCADMy bias on AUDCAD is to the downside, any retracement you see is an opportunity for you to look for bearish set-up
CADJPY Double Top Reversal RSI Bearish 1H TF CADJPY instruments shows bearish RSI divergence at 1H TF. Short the instrument at the double top neckline or previous HL. TP1 shows a support S1.
CadJpy- Rallies above 100 should be soldSince the beginning of 2023, CadJpy has traded in a range between 96 and 100 (with some spikes in either direction).
I expect the pair to remain in this familiar range and, with the price rising towards resistance, traders could look to sell eventual rallies above 100.
Considering 100 pips stop loss and a target to the lower boundary of the range, a phenomenal 1:4 R: R could be achieved for a swing trade.
CADJPYI think it's time to watch short position. Because now you're seeing bearish pattern so it's mean market bearish
CADJPY: Appears to be in a corrective phaseWe have witnessed a significant bullish ride on the CADJPY pair from the low of the 24th March at 94.069 to the high of 31st March at 98.745, accounting for over 450pips move. After this rally, it appears that the move has reach a termination point, where correction of the 467Pips bullish move is expected. My expectation of the corrective downward move is based on the following market realizations:
1. The formation of a bearish crab harmonic pattern on H1 TF. The long AB axis, confirming the possibility of an extended Wave 1.
2. Price divergence. (This divergence occurred on my indicator vs the price). This lend credence to the fact that buyers may be getting exhausted. And sellers are about stepping in.
3. The formation of rejection candles to the upside.
Based on these parameters, I will be entering short on the pair with a target to 97.164 region, which also coincides with my fib golden ratio.
I'm also aware that the corrective wave could be a flat and we may see a temporary price rally to 98.830, but my overall outlook is bearish until the correction is over.
CADJPY Bullish Harmonic AB=CD 1H TFCADJPY instrument shows bullish harmonic reversal pattern AB=CD at 1H TF.
cad jpy shortgood evening guys short position cad jpy 15 min timeframe
entre =97.750
tp1 = 96.534
tp2=94.812 and bear indicate in rsi
good luck all
CAD/JPYVery simple ... Very clear!
Everything is marked on the chart.
This is my personal opinion. Please do not trade based on my analysis and data.
CADJPY retesting the resistanceafter a strong rise, CADJPY has broken strong support. We expect a new retest and fall towards the demand zone
Intraday SELL CADJPY (04 APR 2023)CADJPY intraday trading alert
3 simple steps to find a quality setup !
Risk Reward Ratio 1: 2
Anyone same idea with me?
SELL CADJPY
Good luck traders..
CAD/JPY | 4HR | SHORT Just my opinion on CAD/JPY, it was reach a important level
Remember to use risk management
If i Find any confirmation i will go with shortIf i Find any confirmation Based on the Rules of SMC i will Post it
I see CADJPY is short buz we have supply zone And also liquidity was taken in the downtrend
Short opportunity On CADJPYThe price took the inducement and its possible to fall when it reaches the poi, before that we need a entry confirmation in the LTF if it does not give any chance it will be no entry cause it can be a change of character.
CADJPY Bearish Channel 1H TFCADJPY instrument is following bearish channel pattern by continuously making LH's and LL's.
CAD/JPY Buy ScalpingBreakout of a downtrend line
Daily deal with low risk
The buying area is shown in yellow
The target area is shown in green
The stop loss area is shown in red
CADJPY SELLHi fellow traders, CADJPY is completing this WXY correction in a flag pattern. Look for a move down from the blue box area and target the support levels. Good luck and trade safe!
CADJPY H1Here is my view for CADJPY on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
