Understanding Trends and Waves in TradingIntroduction
In trading education, recognising price movements is crucial. Prices move in trends, and these trends move in waves. Understanding these waves is essential for successful trading.
The Two Types of Waves
Impulsive/Primary Trend
Comprises a minimum of five waves.
Dictates the overa
About Canadian Dollar / Japanese Yen
The Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.
Monthly CLS manipulation - Distribution phase 300 pips shortMonthly CLS manipulation - Distribution phase 300 pips short. I didn't catch the best entry but there will be pullback opportunities on the way down. I will trade Shorts on the pullbacks above CLS ranges.
you are welcome to comment with your thoughts and share your charts or questions below, I like
CADJPY: Pullback Trade From Key Level 🇨🇦🇯🇵
One more pair that looks nice for buying from a key support is CADJPY.
After a test of a significant daily structure, the price formed a cup & handle pattern.
Bullish breakout of its neckline is a strong bullish confirmation.
Chances are high that the pair will continue rising and reach 108.52
CADJPY Long -In line with my JPY asset analysis.
this is a counter trend idea. looking for price to hold this POC to take it all the way up to the November VA. very small trade to start with. will look to piece in if price confirms this idea.
CADJPY - 4hrs ( Sell Trade Target Range 200 : 400 PIP ) 🟢 Pair Name :CAD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
———————————
Bearish Break
109.200 area
Reasons
- Major Turn level
- Visible Range Lvn
- Channel Break
- Day / week low
- Choch Zone
Bullish Reversal
105.800 Area
Reas
Bearish drop?CAD/JPY is rising towards the pivot which acts as an overlap resistance that lines up with the 23.6% Fibonacci retracement and could drop to the 1st support which has been identified as a pullback support.
Pivot: 107.30
1st Support: 104.85
1st Resistance: 108.95
Risk Warning:
Trading Forex and C
Lingrid | CADJPY Trend CONTINUATION Shorting OpportunityFX:CADJPY is currently making lower lows and lower closes, which indicates a bearish trend. The price is retracing toward the resistance zone and the upper boundary of the channel. Given that the major trend remains bearish, this pullback presents an opportunity to short the market. The price actio
CADJPY - Short from bearish order block !!Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to continue the retracement to fill that huge imbalance higher and then to reject from bearish OB + institutional big
CADJPY: Important Breakout 🇨🇦🇯🇵
CADJPY broke and closed below a key daily horizontal support.
After a breakout, the broken structure turned into a resistance.
With a high probability, the market will continue falling
and reach 105.37 level soon.
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CADJPY: Long Trade Explained
CADJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy CADJPY
Entry - 108.37
Stop - 107.60
Take - 109.73
Our Risk - 1%
Start protection of your profits from lower levels
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See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Related symbols
Frequently Asked Questions
The current rate of CADJPY is 106.032 JPY — it has decreased by −0.48% in the past 24 hours. See more of CADJPY rate dynamics on the detailed chart.
The value of the CADJPY pair is quoted as 1 CAD per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 CAD.
The term volatility describes the risk related to the changes in an asset's value. CADJPY has the volatility rating of 1.28%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADJPY showed a −3.89% fall over the past week, the month change is a −2.87% fall, and over the last year it has decreased by −2.52%. Track live rate changes on the CADJPY chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
CADJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CADJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with CADJPY technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the CADJPY shows the sell signal, and 1 month rating is neutral. See more of CADJPY technicals for a more comprehensive analysis.