CADJPY bearish move CADJPY has is forming an ending diagonal which is a reversal pattern to complete corrective wave B. We anticipate a long term sell, to complete wave c of the corrective wave 4.
CADJPY trade ideas
Japanese Yen Losses Draw Suspected Intervention After BoJ OutlooThe risk around Friday's US non-farm payrolls number is to the downside and sales of
USDJPY
and
CADJPY
are likely to be the most interesting and more rewarding trades in this scenario, according to Spectra Markets' Brent Donnelly.
"I don't think there is a major skew to FX or bond positioning going into NFP. Both USD bulls and USD bears continue to dabble tentatively, and then get rinsed. Over and over," said Donnelly, president at Spectra Markets and a veteran FX trader.
"With big picture carry momentum halted by the MXN move, and yields already softening substantially this week, the downside in CADJPY and USDJPY on a weak release are most interesting. CADJPY looks 200 points too high to me," he added.
Donnelly says the rise in initial unemployment claims revealed in the Department of Labor's weekly reports during May and falls in job openings highlighted by recent Bureau of Labor Statistics JOLTS surveys, imply a soft payrolls number on Friday.
Consensus is looking for non-farm payrolls to rise 185,000 for May on Friday, up from 175,000 in April, but Donnelly says this positive skew is surprising in light of survey data pointing toward a softening of the labor market over recent weeks.
"I would think the exact opposite makes sense and a 4.0% unemployment rate is much more likely than 3.8%," Donnelly said.
USDJPY
was quoted 0.21% higher around 156.24 on Thursday while
CADJPY
was 0.09% higher around 114.02.
CADJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
* Every trade has a possibility to change its direction
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA ReEntry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
CAD/JPY Bullish Breakout: Navigating Strong Upward MomentumFollowing a solid breakout above recent resistance levels, CAD/JPY is demonstrating strong upward momentum, underscored by a well-established ascending trend line. The pair is currently setting its sights on the 118 level, a move fueled by robust trading volumes and bullish sentiment. This chart provides a technical analysis of the ongoing trend, focusing on key resistance-turned-support points and potential future trajectory. Traders should watch for continued support along the ascending trend line, which could play a crucial role in sustaining the upward movement. Keep this pair on your radar as it approaches the critical 118 level, signaling potential opportunities for bullish entries.
CADJPY - Sell StopCADJPY is near to it's all time high and chances are a strong bearish trend.
The divergence shows the momentum of bulls is declining. We still do see bullish candles but if the please starts breaking previous lows, it will continue to push down.
The order may cancel if the price continue bullish move.
CAD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
Previous week’s green candle means that for us the CAD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 115.219.
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CADJPY-SELL strategy 4-hourly chartThe pair seems at lofty heights, and I feel we have a good chance to see proper correction. The stochastic is positive but high up, and we are trailing the GANN. support, and in fact almost mimicking it, which is rare.
Strategy SELL current @ 117.00 and place SL above 117.80 or financial stop of your choice. Profit order @ 115.47.
CADJPY Trading Plans (Post Inflation)We have seen a further rally since the odds of cutting did not drastically change post CPI in Canada.
We know BOJ is potentially looking at intervention, just as before.
1) We are hitting where we feel previously and larger orders came in the Market. This gives us a technical short area.
2) Sentiment is the same in regards to the above.
3) Risk management (sizing should be low) due to the inherent nature of JPYs over recent history to swing.
CADJPY BearishCADJPY has formed divergence as well as the rising wedge pattern indicating probable reversal of trend.
Sell CAD JPYcadjpy is flowwing bullish trend and making HH, but RSI showing downtrend and making bearish divrgence, if the given point is break we can sell the intrument and make some good profit, what do you think guys.
CADJPYCADJPY price is near strong resistance level. 116.883-117.424 If the price cannot break through the 117.424 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
CADJPYThis Weekly FORECAST
Opportunity for CADJPY. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
MARKET CONDITION ENTERS IN A RANGE AHEAD OF CANADA CPIPrice just got bound In a range between ¥116.798 and ¥116.049. While we anticipate inflation report from Canada , we watch price closely for more confirmations before a trading decision can be made.
CADJPY - Bearish TradeThe price has shown Bearish divergence in Advancing phase predicting Bearish trend ahead.
At breakout of Higher Low, Sellers will remain in control.
CADJPY POSSIBLE BULLISH CONTINUATION!As we published earlier, price may continue to surge higher if price didn’t resist the area of ¥117.00 as we anticipate Inflation rate report from Canada we keep a close watch to see how price reacts at that level
My Idea about CADJPYafter my analysis, I am waiting patiely for the price to get to this point, my pending order is already intact
CAD/JPY APPROACHES RESISTANCE LEVELPrice approaches resistance level in weekly chart. If demand increase by breaking above 117.252 then, a buy opportunity continues. Coming week, we anticipate inflation rate release from Canada. This news release will have impact on the market. We keep track of price movements to capitalize on any opportunity that may arise.
CAD/ JPY TRENDLINE - SELL IDEACAD/JPY has been trading in a bullish trend for quite sometime , I think it is time to sell as it has hit a major road block on a TRENDLINE.
CADJPY Sell from the current levelHi Traders,
I see a good RR in CADJPY at this current level. Normally, I aim for a 1:2 Risk to Reward, but I see a potential opportunity in this pair currently and will be going to BE at 1:2.
CADJPY sellIt's a very interesting pair and a trade to take, A clear imbalance being filled by a movement of struggle heading to our POI, another thing to keep in mind is the liquidity sitting above the POI. I will personally be taking this sell trade without waiting for confirmation to make great risk to reward..
CADJPY: Bearish Continuation & Short Trade
CADJPY
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell CADJPY
Entry Level - 115.18
Sl - 115.63
Tp - 114.41
Our Risk - 1%
Start protection of your profits from lower levels
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CAD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 112.973 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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