CADJPY nearing the key 61.8 Fibonacci levelIntraday Update: The CADJPY is nearing the key 115.10 resistance, despite the brief new trend high, the risk is a rejection of the 61.8% Fibonacci retracement just above.
CADJPY trade ideas
CADJPY4hr zone currently being tested. Price broke out and tested trendline where a 4hr bullish candle formed. Target shown on chart
CADJPY - Bullish Trend ContinuationFX:CADJPY continues its bullish trend creating higher highs and higher lows. Expecting the bullish trend to continue!
CADJPY: Classic Bullish AccumulationCADJPY is currently experiencing an upward trend on a 4-hour chart. The price has created a pattern known as an ascending triangle, with 114.85 acting as a key resistance level.
I anticipate that the next significant movement will occur once the price breaks above the highlighted blue area. Confirmation of this breakout will come with a 4-hour candle closing above the area.
If this bullish breakout occurs, I expect the price to continue rising towards the 115.94 level.
CAD-JPY Bullish Bias! Buy!
Hello,Traders!
CAD-JPY is trading in a
Bullish triangle pattern
And as we are bullish
Biased so IF we see
A bullish breakout then
We will be expecting
A further move up
Buy!
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Check out other forecasts below too!
CADJPY BREAKOUT ON RESISTANCE IDENTIFIEDCADJPY has confirmed a bullish breakout above the established resistance level. With this breakout, we may see a continuation of the rally towards 115.350. A long position can be initiated with minimal risk, aiming for the target of 115.350.
✅CAD_JPY BULLISH SETUP|LONG🚀
✅CAD_JPY is trading in
Uptrend and the pair
Has formed a bullish triangle
Pattern so IF we see a
Bullish breakout the we
Will be expecting a
Further move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Cadjpy sellAccording to me the quarterly Theory has Four Quarters per month as you can see from the above every month has 4 weeks we are now on week number three and that means that we are expecting the market to start distributing on week number four so for me for the remaining of the month you were expecting to be bearish on this pair
CADJPY BullishCADJPY has formed an ascending triangle continuation pattern which indicates further upside in price action.
Buy CADJPY Triangle BreakoutThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a triangle pattern.
Possible Long Trade :
Entry: Consider entering a long position (buying CAD/JPY) above the broken resistance trendline of the triangle after confirmation. Ideally, this would be around 114.40 or higher if the price continues to rise.
Target Levels:
115.00: This represents the height of the triangle, measured from its apex (highest or lowest point) to the breakout point, projected upwards from the breakout point.
115.23: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order below the broken resistance line of the triangle, ideally with some buffer around 114.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you.
CADJPYLooking for a sell opportunity in CJ.
Reason to sell:
forming double top in both 1H and 15 minute charts.
Use proper risk management.
Thank you
Triple top liquidity Study the market hard and be able to see the direction. Identify the patterns used to push the market to that direction
CADJPY Ranging After 2.7% Canada CPI Data Release - Using the 15-minute chart for CADJPY, the exchange rate has been ranging between 114.825 (resistance) and 114.191 (support).
- The current exchange rate is around 114.400, following a rejection at the support level.
- If the support level holds, there is a high probability that the exchange rate will move up towards the resistance.
- If the resistance level is broken to the upside, the exchange rate is likely to increase further.
- Conversely, if the support level fails to hold and is broken to the downside, the exchange rate is likely to decrease further.
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CADJPY - Bearish Harmonic PatterIf it tests D point, the idea would be to open short position for CADJPY, there is no major confluence of any divergence. Let's wait and watch how it plays out
CADJPY - BUY
Carry Trade continues
CAD interest rate 5%
Jappy 0.10%
Jappy Yen the only game in town really where Hedge Funds Companies, Banks can Park their money as JPY is also very Liquid.
Current Rates:
Bank of Canada Interest Rate: 5%
Bank of Japan Interest Rate: -0.10%
Total Profit for 1 Day:
$156.79
+
$0.12 Int
=$156.91
So, if you buy 1 lot of CAD/JPY and it moves 18 pips in your favor, and you hold the position overnight, you would make approximately $0.12 in interest.
Better than Nothing
CAD/JPY For Bullish after confirm Break Of Structure of H1you can go long now
or
wait for break current Higher high of Lower time Frame (H1) and retest to go long @ Green Arrow
or
wait price to back to cover Fair Value Gap (yellow area) and go long after that
- General Trend is Up Trend
- JPY is Weak
- Higher Time Frame will be H4 , lower timer Frame will be H1 or 15M
- we saw Change of Character of the lower Timer Frame (h1) @ Red Arrow after that price make perfect pull back @ Blue Arrow so we will wait for Break of Structure @ Green Arrow to go long and take any target
- if price fail to break the current resistance at Green Arrow it may be make pull back to cover the Fair Value Gap and Go Up Again
have Fun :)
Heading into pullback resistance, could it reverse from here?CAD/JPY is rising towards the pivot and could potentially reverse to the 1st support.
Pivot: 114.77
1st Support: 113.03
1st Resistance: 115.88
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CADJPY CUP & HANDLEHello traders! Let's revisit the CADJPY chart and provide an update since I shared the idea on August 17. It's time to clarify things.
Our focus is on CADJPY, where an interesting Cup and Handle Pattern is taking shape on the daily chart. For a more in-depth understanding of Cup and Handle patterns, you can check out additional resources here: (www.tradingview.com). Make sure to return here for the continuation of this analysis!
Examining the price action, we observe a distinct double bottom with a Low Cup at 104.247. Currently, the price is situated below the Breakout level at 110.624, and astute traders will notice the ongoing development of the handle phase.
Once the anticipated breakout occurs at 110.624, we will take action and execute the trade, placing our stops just below the previous low pre-breakout. Our target sights are set on the first target zone: 62% at 120.845 and 79% at 123.620.
But that's not all – keep your trading antennas finely tuned, as additional setups may emerge on smaller timeframes, enhancing our trading landscape further.
Remember, trading is a continuous journey. Stay vigilant, stay informed, and, most importantly, stay tuned for more exciting developments in the world of trading. Happy trading, everyone! 📈📉
Could CAD/JPY reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci projection and could reverse from this level to our take profit.
Entry: 114.72
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci projection.
Stop loss: 115.84
Why we like it:
There is a pullback resistance level which lines up with the 161.8% Fibonacci extension.
Take profit: 113.04
Why we like it:
There is a pullback support level.
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CADJPY - BUY
Buy all Jappy Pairs basically
What took 5 day to grind up got unwound in 1
Then back up in 1
Halfway there
CADJPYType of order: market sell order.
right now
With a small stoploss and a beautiful take profit.
Be carefull, because the trend is bullish. We want the correction
thanks and blessings.
