Cadjpytrade
CADJPYTF: H1
Details on chart:
as you guys can see, price is going back to the support level which is 0.618 level,price is going to this level for a possible short trade
recommendation: wait for third touch of TL
CADJPY Short Analysis Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
CAD/JPY 4HR CHART BUY SET UPHi everyone this is my trade set up for the CAD/JPY for the new week ahead
CAD/JPY i am expecting a pullback to the order block zones and will be looking for a BUY trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
CadJpy- Be careful with short tradesUndoubtedly, the trend for CadJpy is bullish and, the drop from above 93 is just a correction in my opinion, with overlapping tops and bottoms(also looks like a flag).
The pair found some kind of support around 90.50 and now is consolidating.
Although I don't rule out a spike under 90, I will consider this a good opportunity to buy in anticipation of a reversal.
Also CadJpy above 91.50 can be considered a buy signal
cadjpyCADJPY - Short
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further CAD weakness & JPY strength after a short retracement period = CADJPY SHORT
What are we waiting for to happen?
- Waiting for the next pullback so we can draw WFB
What is our confirmation?
- rejection of structure and EMA
- Waiting to draw WFB
Entry
Safe Entry: Rejection of structure and then WFB once correction appears
Risk Entry 1: Rejection of structure and Fib
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 89.3
- Second TP: 88
- Third TP: 86
CADJPY ANALYSIS AND TRADE IDEA - SELL TO BUYHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
On the Monthly we are bullish with an ICI to the upside which the market is currently retesting the previous resistance turns support once we see a close above the support we can see a continuation to the upside.
Dropping down on the Weekly we have an over extended W formation where we can see a retracement to the neckline or the wick of the candle, we will base our take profit for this weekly trade on the impulse.
On the Daily we are also testing previous resistance turns resistance due to the closed below the structure, EMAs are about to cut for short though MACD still is above the 0.
Trade Signals
SELL
Entry: 90.832
Take Profit: 87.880 (295 pips)
Stop Loss: 91.775 (94 pips)
=====================
BUY
Entry: 87.906
Take Profit: 95.263 (735 pips)
Stop Loss: 86.755 (115 pips)
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
CADJPY PULLBACK STILL ACTIVE At profit fx we have been bagging on CJ for over a year and staying out of consolidation zones, all impulse move was taken and now we are waiting on the pullback, while waiting i will love everyone and anyone to join the train, enjoy the ride with the premium team mates, final target is about hundred pips from current price level... bag using proper risk mgt. Enjoy your week y'all .
CADJPY Short Analysis Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
CADJPY 🔥🔥🔥 OUTLOOKCADJPY 🔥🔥🔥-
If price should break 91.036 level, then we want to see a retest of our order block at 90.674 level before we jump into the wave.
Entry - 90.674
Tight SL - 90,520
Target - 91.984
RRR: 1:9🛩
If i do not see these confirmations, i will stay out.😢
PLEASE LIKE AND COMMENT TO ENCOURAGE MORE IDEAS
CADJPY 4HStrong weekly resistance established so we are looking for at least a 100 to 200 pip push to the downside and further analysis to
see if there will be a larger 300 to 400 pip push down to the next weekly resistance level.
CADJPYCAD/JPY GOING DOWN. This Market Has Now Created a Descending Chart Pattern. So The Market Is Now Possible To Go Down.
CADJPY all the way upWhat's up guys!
I'm looking for major buy setups on the retest as price break through the daily resistance zone
I would have entered on the break but I like using a more conservative approach when it comes to currency pairs
Based on the market structure , price can still make higher highs after the break of the 4H trendline and the last swing high showing the bulls back after a corrective phase
I still zoomed into lower timeframe to look for more setups to capitalize on this trade
I will not enter this if it doesn't fit into my trading style
What do you guys feel ?
CADJPY Short Analysis Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
CADJPY Quick Low Risk High Reward ideaEntry : Current Price
Take Profit 1 : 92.020
Take Profit 2 : 92.197
Stop Loss : 91.727
cadjpy deeper retracement after a break of the trendlinetriple top triangle pattern with bearish engulfing in H4 timeframe and a break of the ascending trendline indicate a strong bearish momentum for this pair after it fail the previous analysis.Still bias on being bearish on this pair for a retracement in a long term bullish .
CADJPYThe Canadian dollar went back and forth over last week as we continue to hang about the ¥92 level. The market will follow oil, as it typically does over the longer term. For what it is worth, the oil market looks as if it is ready to go higher, so it will be interesting to see how this plays out. The Bank of Canada has also suggested during last week that an interest rate hike is coming much sooner than anticipated, and that could continue to favor the Loonie over the Japanese yen.
CADJPY Trade Plan Short CADJPYOn hourly time frame one can follow this trade plan with proper risk management, calculating the risk reward ratio.
Entry : Current Price
Stop Loss 1 : 92.299
Stop Loss 2 : 92.448
Take profit : 91.487
CADJPY Low Risk High Reward ideaCADJPY looks like in bearish trend in the hourly time frame as its making LHs and LLs. An attempt to short it from the current position can be made with a very tight stop loss as risk reward ratio is quite high here.
Entry: Current Price
Stop Loss 1 : 92.152
Stop Loss 2 : 92.482
Take Profit : 91.691
CADJPY Short Analysis Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
CADJPY Analysis and Trade IdeaCADJPY has entered my POI. I am now waiting for it give indications of a reversal, so I may find a valid short.
If price stay strong, making the HH even higher, I wait. Patiently. It will pull back at some point, to make the HL. This is dictated by HTF market structure.
I wait, patiently, for confirmations. No confirmations, no trade.
NOTE: I didn't mention it in the video, but CAD gas CPI news on Wednesday. Banks may look to take profits and send the market to move unpredictably. Be very careful trading this pair with the news looming.
