CADJPY SELL SETUPCJ also gave an impulse sell off from supply structure also forming an evening star on the daily. Now looking for another sell opportunity on the pull back or retest!
CADJPY trade ideas
CADJPY LONGSBeen a Bullish trend since October, and November opened above Oct close. Big ingulfing candle with the close and open below( July close was resistance turn to support with November opening above. I'm expecting buys above 109.899 and Take profits FX:CADJPY at 112/113/114 and possibly 115/116 but pullbacks around 113 before the larger scale moves.
Market Analysis: CADJPY H1 Bearish Wave Structure AnalysisThis evening, my focus is on the CADJPY H1 timeframe. We have identified a completed bearish wave structure on the H1 timeframe. Earlier this afternoon, during the New York session, a trend reset was observed, breaking above the last Structure 4.
From this point, based on wave structure anatomy, we anticipate selling interest to initiate a new bearish wave structure downward. The key level to watch is 110.48.
Happy trading!
CADJPY: Pullback From Resistance?! 🇨🇦🇯🇵
CADJPY may retrace from a key daily horizontal resistance.
As a confirmation, I see a tiny double top pattern on an hourly time frame.
Goal - 111.06
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#006 DCA CADJPY SellI wanted to short CADJPY just now when price was at the weak up channel, however, on the higher time frame, especially the Daily, price was above the 60SMA, so, I thought to myself, I might sell it later if I get some extra confirmations in some form, for example, strong selling pressure.
Now, price has collapsed downwards and so I decided to sell into this downward pressure.
In the past I like to wait for price to come back to an area of value as taught by Rayner, but based on my experience, the levels I draw is as good as a toddler's drawing.
With this DCA trading, I decided to just enter at any spot that I want to, and then if price retraces back to "previous areas of value", I place pre-determined Limit Orders for price to trigger.
I am an agent.
I buy and sell as the market wishes. I provide the liquidity to whoever who comes to my money exchange shop.
Doesn't matter if SGD 1 is RM2 or RM3.3, I just buy and sell however much the customer wants and profit the difference.
That's my job and that's what I do. Just that, I am doing it on a laptop.
I might be in the brokers B Book. But who cares? Life is a simulation. Trading is also just a simulation for most. Including me.
0000SGT 21112024
CADJPY demand trade idea we have CAD breaking alot of structure to the upside and now its back at a demand and we have a nice rejection candle of the demand and the 200 ema. if we can break this h4 candle to the upside i will get in to this trade and SETANDFORGET as always.
CADJPY ForecastAiming for some higher highs before big reversal with incoming 25 bps rate cut by the BoC and 10 bps rate hikes by BoJ.
Don't get caught in Longs!
CADJPYWe can attempt to buy CADJPY from specified level as it make HL , also 0.618 FIB level intact indicate that it moves upward.
SL , TP mention in chart
CADJPY-SHORTCADJPY was trading in a bullish channel,now a top has been formed at the H4 and its seems that now the bullish channel will break with a short oppurtunity at the break of neckline.
CADJPY: Bullish Continuation is Expected! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current CADJPY chart which, if analyzed properly, clearly points in the upward direction.
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CAD_JPY BULLISH BIAS|LONG|
✅CAD_JPY will soon retest a key support level of 108.993
So I think that the pair will make a rebound
And go up to retest the supply level above at 109.900
LONG🚀
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CADJPY A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 111.33
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 110.57
My Stop Loss - 111.79
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CADJPY / SHORT / M15CADJPY may fall from the Bearish Order Block .
Bearish Order Block :- 111.522 and 111.439
CADJPY is approaching a bearish order block between 111.522 and 111.439, where we may anticipate a potential reversal and bearish momentum. Using Smart Money Concepts (SMC), this zone aligns with an institutional supply area, suggesting it could act as strong resistance.
Additional Analysis: I've incorporated other indicators to confirm bearish bias and identify potential rejection signals within this range. Monitoring price action here may provide further confirmation for a move downward if sellers defend the order block.
CADJPY / SHORT / M15
LOT :- 0.1
Entry Price :- 111.440
Take Profit :- 111.252
Stop Loss :- 111.628
CAD JPY Trade Setup Daily timeframe CAD JPY has tapped into a daily resistance level that was previously a support level.
we will be looking for selling opportunities to get our sell entry lets scale down to the lower timeframe to find pattern and confirmations.
CAD-JPY Support Ahead! Buy!
Hello,Traders!
CAD-JPY keeps falling down
But the pair will soon hit
A horizontal support
Of 109.000 from where
We will be expecting a
Local bullish rebound
Buy!
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Check out other forecasts below too!
CADJPY, Bullish Channel New High FormationBullish Channel
Rejection From Strong Resistance
Breakout of Resistance
Towards New high Formation
Entry @ CMP
SL below Resistance Zone
Tarhet towards next resistance
CADJPY Long All timeframes are oversold
There is a bat pattern on M15 and M30
This is with the H4 trend
30 pip stop loss
get out at M15 Overbought
CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 17H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 108.755 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CADJPY Massive Long! BUY!
My dear friends,
Please, find my technical outlook for CADJPY below:
The instrument tests an important psychological level 110.57
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 110.88
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
15.11.24 Morning ForecastPairs on Watch -
FX:CADJPY
FX:GBPNZD
FX:GBPAUD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
CADJPY Bearish Trend Rising Wedge and DivergenceCADJPY Bearish Trend Rising Wedge and Divergence
Trade Setup with 3 TPS
Could the price reverse from here?CAD/JPY is rising towards the pivot and could reverse 1st support.
Pivot: 111.75
1st Support: 110.60
1st Resistance: 112.21
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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CADJPY Will Go Higher From Support! Long!
Please, check our technical outlook for CADJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 109.659.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 111.153 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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