CADJPY buy setupOANDA:CADJPY
Overall bullish bias on CADJPY. 4h bullish structure made a retest at the Daily AOI. Waiting for a 4H or 1H bullish engulfing candlestick to go long on CADJPY
CADJPY trade ideas
CADJPY – Short-Term WeaknessCADJPY – Short-Term Weakness
🔻 Short Bias | 🎯 Target: 107.61152 | ⏳ Deadline: Feb 14
After a recent attempt to push higher, CADJPY is struggling to maintain momentum. Watching for a potential move lower toward the 107.61152 target as sellers gain control.
💡 All trades can be replayed on TradingView for confirmation.
#CADJPY #Forex #TradingView #MarketAnalysis
CADJPY Long on Regression BreakCADJPY is now net long and has a positive roll.
It bring into target the top of the consolidation range for the last couple of months.
CAD_JPY SHORT FROM RESISTANCE|
✅CAD_JPY is going up now
But a strong resistance level is ahead at 109.064
Thus I am expecting a pullback
And a move down towards the target of 107.619
SHORT🔥
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LONG ON CAD/JPY- Falling Channel at major support/demand are with a breakout (Bullish reversal pattern)
- Price Failing to break lows creating triple bottom/support area. (bullish)
- Jpy index has a head and shoulder pattern and is falling. (bullish for xxx/jpy pairs)
I will be buying CAD/JPY expecting price to rise for the rest of the week.
CAD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so CAD/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 105.821.
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Cadjpy for shortPrice formed a rising channel, if price breaks below the weekly support zone and retest, with a bearish candlestick pattern. We go for short.
CADJPYPrice is trading decisively below the Kumo Cloud and Kijun-Sen, confirming strong bearish momentum. The Chikou Span (Lagging Span) has broken below past price action and remains significantly distanced from the current candlesticks, signaling a sustained downtrend. Williams %R has just triggered a sell entry, aligning perfectly with the existing bearish structure, while Money Flow Index (MFI) remains negative, confirming institutional selling pressure. With all confluences in place, this setup presents a high-probability short opportunity, favoring continued downside as long as price remains below key resistance levels. 🚀📉
CAD/JPY "Canadian vs Japanese" Forex Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the CAD/JPY "Canadian vs Japanese" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 Be wealthy and safe trade.💪🏆🎉
Entry 📉 : Traders & Thieves with New Entry A bull trade can be initiated at any price level.
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 2h period, the recent / nearest high level
Goal 🎯: 105.500 (OR) Before escape in the market
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Fundamental Outlook 📰🗞️
Based on the factors mentioned, we anticipate the CAD/JPY currency pair to exhibit a BEARISH direction
🔴Macroeconomic Factors
1. Interest Rate Divergence: The Bank of Canada's (BoC) and the Bank of Japan's (BoJ) monetary policy decisions, including interest rate changes and quantitative easing.
2. Global Economic Trends: The impact of global economic growth, trade tensions, and geopolitical events on both Canada and Japan.
3. Commodity Prices: Fluctuations in crude oil, natural gas, and other commodity prices, which can affect Canada's export-driven economy.
🟢Fundamental Factors
1. Trade Balance: Canada's trade balance with Japan, including exports and imports of goods and services.
2. Inflation Rates: Differences in inflation rates between Canada and Japan, which can influence exchange rates.
3. GDP Growth: The relative strength of Canada's and Japan's economies, as measured by GDP growth rates.
🟣Sentimental Factors
1. Market Sentiment: Overall market sentiment towards the CAD/JPY pair, including positioning and sentiment indicators.
2. Trader Positioning: The ratio of long to short positions held by traders, which can indicate market sentiment.
3. Technical Analysis: Chart patterns, trends, and technical indicators that can influence trader decisions.
Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
🚨Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
🚨Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Weekend UpdateNo trade taken last week due to the gap that was formed at the start of the week. I didn't want to end up forcing a trade and breaking my trading plan but this is the trade we would have taken if we were playing it a little more risky. To some traders this isn't risky at all and maybe I played it too safe but this type of discipline is what you need to be successful as a trader. As for the pair CADJPY, I was looking for it to retrace deeper into the zone to then continue trending down but price didn't. We still did manage to read this entire move to the T and I'm satisfied with my decision last week. We should get a good move this upcoming week. 🏴
LONG ON CADJPYWe see cadjpy was in a bearish channel , it broke the trendline to the upside , breaking the previous structure , so yah short and sweet, we think price might be going bullish from next week, let hope it plays out well
CAD-JPY Potential Long! Buy!
Hello,Traders!
CAD-JPY is falling down
Again after some crazy moves
But the pair will soon hit
A horizontal demand level
Of 104.850 from where
We will be expecting a
Local bullish rebound
Buy!
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Check out other forecasts below too!
CAD/JPY: Potential Reversal as Buyers Step InCAD/JPY has shown signs of exhaustion in its bearish momentum after completing a deep Bat harmonic pattern. The pair has reached a key Fibonacci extension zone, where price action suggests a possible reversal.
Bullish interest is evident with price stabilising near the 105.50 level, supported by oversold conditions on momentum indicators. If buyers sustain pressure, a corrective move towards 106.50 and potentially 107.18 could unfold. Confirmation through a breakout of local resistance would further validate a bullish recovery scenario.
CADJPY Wave Analysis – 21 February 2025
- CADJPY broke support zone
- Likely to fall to support level 104.00
CADJPY currency pair recently broke the support zone between the key support level 105.40 (which has been reversing the price from September) and the 61.8% Fibonacci correction of wave (2) from August.
The breakout of this support zone should accelerate the active impulse wave 3 of the intermediate impulse wave (3) from November.
Given the strong daily downtrend and the bullish yen sentiment seen today, CADJPY currency pair can be expected to fall to the next support level 104.00.
#013 Trust The Process CADJPY 1630SGT 20022025I think I am taking double position on selling JPY...
Whatever.
Doesn't matter what happens since in the end everytime, over the long run, I end up being a loser.
So, just let it be.
1632SGT 20022025
CADJPY Bearish on 4HThe Canadian dollar has been on a heavy downtrend, and through the days it is becoming more clear that its value is going to continue falling.
According to my Elliott Waves analysis, we are at the beginning of the 4th wave formation on the 4H timeframe, and it can give us a potential solid entry based on this strategy that I've been testing lately from this amazing trader: @AraKerbabian
Anyways, I believe this could be a good opportunity to join the trend so I'll try it.
ENTRY: 106.783
TP1: 105.452
TP2: 104.749
TP3: 104
SL: 107.350
CADJPY possible SELL setupPrice at a key level. Might be able to SELL here with a good Bearish Candle
RR 4:1 /// Manage your risk well! :)
CADJPY MIGHT WEAKEN FURTHER!After the Canada inflation rate report, price was seen falling lower and currently trades at 106,917 we may experience a further sell from the current market price. Our target profit is at the horizontal support price of 105.957
CADJPY - Potential Reversal SetupHello traders
It looks like CADJPY has started a bullish setup and now we are looking to enter on the 0.618 fib retracement.
CADJPY is BearishPrice was in a strong uptrend, however a double top formation with bearish RSI divergence on hourly time frame hints that bears are trying to assume control of the price action. If the higher low is broken successfully then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
USD/JPY VS CAD/JPYyou can see support which brought in more liquidity had a sweep then pushed up fast whichever pair gets to zone last is the one i am going to take
