Cadjpytrade
CADJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CADJPY BUYSHello traders, trust y’all are having a great week, let’s talk about CJ we are Currently having A Head and Shoulder Chart Pattern And we all knows what it means and what prices is actually saying so not much to say let’s wait for price to retest zone 98.754 for a Shoulder to be formed then we can start seeing a bullish continuation pips target for this trade is about 170 pips, price target is 100.550 tell me what you guys think about this trade thanks
CADJPY SHORTOn 4h timeframe it got rejected on resistance level, it looks sideways though, for 2hr timeframe it looks bearish for me, and might go back to the 2hr supply area and sweep the internal liquidity. However on 30m timeframe there is a supply area, if ever it price gets rejected on that supply area, I guess it can be considered as the new Lower high and may not proceed to the 2hr Supply.
CADJPY Trade! Before / After.Hello traders around the world!
My name is Alexandre Karim and today I am going to tell you how I took my double short position on CADJPY.
In my previous analysis on this pair (Shared Apr 18), I was looking for a reversal pattern in this area since we are on the third touch of the upper TL.
The price went up correctively reaching this area & gave us a double top as well for more confirmation.
Therefore, the pattern that I took (First short position) was the break out of the hourly ascending channel and I sat my SL above the previous high (100.664). When the price gave us the first impulse all the way down to (98.930) I moved my SL to Break Even.
The second pattern / second position that I took was the hourly bearish flag signaling a continuation to the downside.
My entry was at the break out of the structure (Bear flag) + my SL at (99.588) above the previous high.
Then moved my SL to BE when the price gave us the impulse to the downside.
Currently both of my positions are at BE now and I will be waiting for 1 hour corrections to lock above them and secure %
Patience is key.
Risk management is crucial.
Aim for quality trades.
#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.
Like, comment and subscribe to be in touch with my content!
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
20 Reason for Buy CADJPY🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️
✨ Eagle Eye: On the yearly chart, the price has been consolidating within a range since 2008. After a 3-year bullish momentum, the price is currently forming a yearly inside bar. This indicates a potential trend reversal and demands close attention.
📆 Monthly: Following a valid change of character, the price has mitigated the monthly FVG with a significant liquidity sweep, as demonstrated by the monthly hammer. As a result, expectations are bullish for the upcoming monthly sessions.
📅 Weekly: The FVG has already been mitigated, and over the last two weeks, the price has shown strong reversal signs, indicating a potential trend shift.
🕛 Daily: After forming a daily high, the price has filled our FVG and formed a narrow range and inside bar. We can anticipate a buy entry at the initial breakout.
😇 7 DIMENSION ANALYSIS
🟢 Analysis Time Frame: Daily
1 Price Structure: The bearish momentum has been halted.
2 Pattern Candle Chart: The price has formed a double bottom, inside bar, and narrow range pattern, which indicates a potential reversal.
3 Volume: No significant volume has been observed during the correction, which favors the bulls.
4 Momentum UNCONVENTIONAL Rsi: The RSI has shifted from bearish to sideways, indicating a potential trend change.
5 Volatility Measure Bollinger Bands: The middle band is providing support, indicating potential bullish momentum.
6 Strength ADX: The ADX indicates that the price is currently in a sideways trend, and further confirmation is required.
7 Sentiment ROC: The CAD is stronger than the JPY this week, indicating a potential bullish momentum.
✔️ Entry Time Frame: H4
12. Entry TF Structure: Bullish engulfing pattern.
Entry Move: Impulsive.
Support Resistance Base: CIP support level.
FIB: Trigger event has already occurred, and a trend line breakout has been confirmed.
☑️ Final Comments: Buy at the open low.
16. 💡 Decision: Buy.
🚀 Entry: 97.864.
✋ Stop Loss: 97.358.
🎯 Take Profit: 100.
😊 Risk to Reward Ratio: 1:4.
🕛 Expected Duration: 10 days.
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 definitely a very high possibility to sell to the 95.92 LEVEL. So FOLLOW STRUCTURES. If JPY becomes strong, it can sell at 93.01 level.