CAD JPY Entry Setup 30 mins timeframe.30 mins Supply Zone
Lets wait for price to pull into the 30 mins supply zone, we will enter based off candlesticks confirmations.
CADJPY trade ideas
#002 NEW DCA CADJPY SHORT RangeThis is a setup I revisited now, now that price has come back to the resistance level of the range.
I spotted this setup yesterday and have placed a sell limit order for it but price didn't take it before moving downwards. I have since then removed the sell limit.
Even though I have another position that buys JPY, but the price movement seems different.
I do not want to think much about it. I am talking more just for the sake of filling up the word count. I think that the more one talks the more they think and the complexity of shet increases, and when the boiling point of drawdown reaches the moon, we blow the account.
So, I will try to talk less.
More pictures. Less talk.
0040SGT 11122024
CADJPY Potential UpsidesHey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 106.700 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.700 support and resistance area.
Trade safe, Joe.
Finding ValueLooking at my setup I think the pair will have short move down to at least .5 on the FIB.
Dont be greedy.
Set a stop loss!
Tools: 1 hour TF used
FIB
Diamonds
Stock RSI
MACD
PA #3 : cadjpy sell 10/12/24Post Analysis
Objective: +10% profit
Current Profit: -3.82%
Number of Trades: 0
1. What Did I Do Right?
- I focused on the central question: Is there activity, and if yes, where is the job/activity?
- I correctly identified that the demand/job was related to CAD, which was bearish.
- I selected a bullish asset to pair with CAD, demonstrating strong logic in asset pairing.
- I classified assets into bullish/bearish categories and ranked them by importance. For instance, while both JPY and CHF were strong, I accurately determined that JPY was stronger than CHF, which is crucial for pair selection.
2. What Did I Do Wrong?
- I did not choose the best pair (USDCAD), despite it being a clear candidate based on the job created after the NFP and the overall bullish nature of USDCAD.
- I overlooked the USDCAD setup during my analysis, even though I reviewed the pair.
- I missed the opportunity because I did not consider the possibility of market reactions to CAD, as there was no significant news event for CAD on the day.
3. What Am I Going to Improve?
- Incorporate a quick scan of pairs to check for jobs/demand created in previous sessions or overnight, even if no news event is scheduled for the pair.
- Enhance my focus on spotting high-potential setups like USDCAD by revisiting pairs I’ve analyzed earlier in the session.
Notes :
The fact that I did not take any trades bothers me significantly. I feel like I should be taking more trades.
I can barely bring myself to take a trade, which is an issue. I need to increase the number of trades I take, within reason, ensuring they are based on good setups.
To address this, I will consider reducing the rigidity of my confirmation criteria. This change aims to help me take more trades while maintaining the fundamental questions of identifying activity and selecting the right pair.
I believe this part is critical to improving my trading. I need to find a way to take trades with less confirmation when I encounter a valid setup.
CAD/JPY Short term Trade following up on ascending channelHi friends today we are starting off with a fantastic opportuntiy following up on the positive beat on the CADJPY formulating an ascending channel we will test the lower levels of 107 and then we will see if there is more value to be extracted.
Entry : 106.385
Target : 107.100
Stop loss : 106.039
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Intraday Analysis: CADJPY Forecast and Trade SetupThe overall trend on the major timeframes for CADJPY remains bullish, despite a breakdown continuation observed last week.
Current Market Overview:
The lower timeframe (M5) printed a bullish wave structure this morning.
We anticipate a corrective move below 105.76.
In the short term, a potential downside reversal is expected.
Trade Setup:
Look for shorting opportunities below 106.34, targeting a break below 105.77.
If price action breaks below 105.77, we can consider buying opportunities, aligning with the larger bullish trend.
Key Levels to Watch:
Sell Point : 106.34
Buy below : 105.77
CADJPY Is Going Up! Buy!
Take a look at our analysis for CADJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 106.432.
The above observations make me that the market will inevitably achieve 107.126 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
CADJPY Smart Money Concepts (SMC)In modern trading, especially within the Smart Money Concepts (SMC) methodology, terms such as Order Blocks, Imbalances, Breaker Blocks, and Inverted FVG (Fair Value Gaps) are widely used. Below is a detailed explanation of each:
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1. Order Blocks
An Order Block is a zone on the chart where large institutional investors have left "traces" of their operations, meaning a place where there was a concentration of buying or selling activity. It is typically the last candle before a significant price movement.
Bullish Order Block: The last bearish candle before a strong upward movement.
Bearish Order Block: The last bullish candle before a strong downward movement.
How to use:
Price often returns to order blocks before continuing the trend.
Order blocks are used as potential entry or exit zones.
Example:
If the market is falling and a sharp reversal upwards begins, the last red candle before this rise is the bullish order block.
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2. Imbalances
An Imbalance is a zone on the chart where demand and supply were sharply uneven, creating "gaps" in the market structure.
These zones are often referred to as FVG (Fair Value Gaps)—an area between the wicks of the first and last candles of three consecutive candles, where the middle candle does not overlap with the first or third.
It is believed that the market tends to fill these gaps, meaning the price often returns to these zones before continuing its movement.
How to use:
Imbalances can serve as a reference for identifying potential retracement zones.
Enter a position when the gap is filled.
Example:
In an uptrend, if the price rises sharply, creating a gap between the wicks of candles, traders can expect the price to return to this area.
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3. Breaker Blocks
A Breaker Block is a zone that forms when the market breaks a key support or resistance level and begins moving in the opposite direction. They appear where an order block was "broken."
Breaker Blocks indicate that the previously dominant trend has been broken, and the market is preparing for a new movement.
They can also be used to filter valid order blocks.
How to use:
After an order block is broken, the former support/resistance zone can serve as an entry point after a retest.
Used to identify trend reversals.
Example:
In an uptrend, if the price breaks below the previous bullish order block, it becomes a bearish breaker block.
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4. Inverted FVG (Inverted Fair Value Gap)
An Inverted FVG is a zone where the market provides excessive liquidity in the opposite direction, creating an opportunity for "smart money" to trap traders in the wrong movement.
An Inverted FVG occurs when the market "absorbs" liquidity, making traders believe the trend is continuing, but it is actually a manipulation before a reversal.
It is used to analyze price manipulation and find entry points against the "trap."
How to use:
Enter after the price has covered the FVG zone and confirmed a reversal.
Inverted FVGs often appear in zones that collect stop losses.
Example:
In an uptrend, the price sharply breaks a resistance zone (creating an FVG) but then reverses back and moves downward.
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Conclusion
Order Blocks and Breaker Blocks help identify zones where large players may enter the market.
Imbalances highlight areas where the price might return to balance demand and supply.
Inverted FVGs help traders avoid traps set by large players and enter the market more strategically.
These elements are especially useful for traders following SMC principles, as they provide a deeper understanding of the actions of major market participants.
CADJPY daily trend continuation (bearish movement)Judging on daily candle (Friday closed candle), obviously we could see that closed price was engulfing the previous day low. Which means seller is in control in my opinion. So today i'm expecting the trend continuation to the downside. Now I'm waiting at the lower timeframe for the bearish price action.
Happy trading & good luck
CADJPY FORECASTThis week is looking great traders! Everything looks very good I love the structures how they develop. We can see best market moves in this week. Wishing all the best in this trading week traders!
CADJPY SELL SETUPLooking good here as price retested and gave a strong evening star close here to end the week. I'll be looking for the pull back opportunity to sell into 105 demand/support level
CADJPY, Buy on Accumulation BreakoutBearish Trend
Accumulation in Progress
Buliish Divergence
Waiting for breakout and closing confirmation
Buy after confirmation
SL below accumulation zone
CADJPY is BullishPrice was in a strong downtrend, however the bulls seem to be assuming control of the price action after the emergence of matured bullish divergence on four hourly timeframe. First higher high is created successfully and if the bullish momentum continues then we can expect a bullish retracement. Targets are mentioned on the chart.
CAD/JPY BUY TeaCup Setup We are in Daily fib Level where we could react bullish, our entry is in the hourly 77/82 fib level which goes whith our TeaCup strategy, good supply & demand on the entry
CAD/JPY1H tf Sell bias.
15m tf big sell power incoming after the buyers slowed down.
JPY is strong against the CAD
CADJPY: Fundamental Analysis - Bearish BiasCADJPY: LEI, ENDO and EXO SUMMARY (BEARISH Monthly)
LEI INCREASING: CAD is slightly stronger than JPY from LEI Perspective.
ENDO MIX DECREASING : JPY has more GREEN ENDO, meaning JPY is becoming Stroger than CAD.
EXOs DECREASING: Score is gradually decreasing. GDP of JPY is imporving and Interest hike is anticipated. JPY is slightly more strong from CAD in terms of EXO, but because Global GDP is in RISK-ON stage and CAD has more power as well, hence EXOs are somewhat MIXED.
EXO+LEI MIX INCREASING:
FINAL SCORE DECREASING: Because of JPY ENDO strength.
TRADE BIAS CONCLUSION ON ENDO/EXO:
On Daily, overall CADJPY is giving mixed signals. But on a monthly level it go BEARISH because of ENDO and Final Score is DECREASING. EXO of JPY are improving but EXO of CAD are not too weak due to RISK-ON sutuation. Till CAD interest rate news, CADJPY will be Bearish.
NEWS EVENTS
Two major news events about INTEREST RATE for CAD and JPY on 11 Dec (CAD) and 19 Dec (JPY).
1. If the INTEREST RATE DIFFERENCE between (CAINTR - JPINTR) would decrease (i.e. Either CAD rate decrease or JPY rate Increase) then CADJPY would become Bearish, matching the seasonal of second half.
2. Similarly if the difference between the Real Interest Rates would decrease, then CADJPY would become Bearish, matching the seasonal of second half.
CADJPY: SEASONAL ANALYSIS
a. BEARISH: From 02 - 11 DEC (CONFLUENCE with Seasoanl. Depending upon CAD Interest Rate News on 11th, trend can change hence need caution)
b. MIX: From 12 - 19 DEC (BULLISH If CAD Interest would not change. BEARISH if CAD interest will fall)
c. BEARISH: From 19 - 24 DEC (JPY Interest Rate News is due on Dec 19th and If JPY Interest Rate would increase CADJPY will fall)
COT RSI and COT FLIP ANALYSIS NON-COMMERCIALS
1. (Nov 26th 2024) COT RSI for CAD and JPY, is not close to 0 or 100 hence no trade bias.
2. For "Non-Comm LONG" positions: CAD on DECREASING trend. JPY on INCREASING trend. Hence JPY might become stronger in a 1-2 week timeframe. CONFLUENCE with SEASONALS and INTEREST RATE news.
3. For "Net Non-Comm": CAD is on a rise signalling increse in SHORT Positions. JPY is on fall signalling increase in LONG positions.
4. FLIP Data 4 Weeks Avg: CAD is SELL and JPY is BUY. Meaning JPY is becoming stronger in Dec 2024.
5. "Difference (Blue Line)": On DECREASING trend for CADJPY but the bearish trend needs to confirm. MIX/
SUMMARY ON COT ANALYSIS: COT report is hinting that CAD is gradually weakening and JPY is strengthening. Hence BEARISH Bias for CADJPY.
QUATITATIVE ANALYSIS: No data is available for CADJPY in presentation.
DAILY TECHNICAL ANALYSIS
TREND: Sideways to Bearish as per DOW. Confluence with Fundamental analysis.
DIVERGENCE: Bearish divergence has already played.
Volume Div: Has played alredy
HEIKIN-ASHI: Bearish moemntum is possible after bullsh retracement till 109.
PATTERN: Head and shoulder pattern will be formed if price will reach shoulder level of 103.
FIB: Daily Level 50.0% is tested as resistance. Retracement till 109 is expected for bearish continuation.
S&R: Strong resistance at 111.44 and current price is 107.0. Next support is 102.9 and there is a high probability that it will be tested, which is also the Shoulder.
EMA: Price Below 200 EMA and retest is expected. SL should be above EMA200.
ALLIGATOR: Mouth is open supporting strong bearish movement.
Scho-RSI: Below 20 and might go up slighty to create LH.
DAILY TRADE PLAY: STRONG BEARISH BIAS AFTER RETRACEMENT TO 109 (Fib 50%)
SELL LIMIT: 108.9, SL: 111.815, TP1: 102.9, RR: 1:2
4H TECHNICAL ANALYSIS
TREND: Strong Bearish
DIVERGENCE: Bullish Div present but waiting to be played
HEIKIN-ASHI: Bearish movement confirmed after retracement and making LH.
FIB: Daily Level 23.6 is tested as resistance to make LH
S&R: Resistance at 107.7 and current price is 106.69.
EMA: Price Below 200 EMA
ALLIGATOR: Mouth is re-opening
Scho-RSI: Again turning down
4H TRADE PLAY: STRONG BEARISH BIAS
Entry: Market 106.66, SL: 108.721,
TP1: 103.562, RR:1:2
CAD/JPYToday's market is very interesting and in a good shape especially for swing trading, we have a very nice and clean market structure and direction. I expect the market to continue to sell, what is your analysis of this market? leave a comment subscribe to see new ideas good luck everyone
CADJPY - BullishThe Bullish Trend Reversal involves the following points:
1. TREND: Bearish -1
2. DIVERGENCE: Bullish +1
3. PATTERN: Double Bottom +1
4. HARMONIC: ABCD Completion +1
CAD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Previous week’s red candle means that for us the CAD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 108.947.
✅LIKE AND COMMENT MY IDEAS✅
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 action is demonstrating a strong bearish movement, followed by weaker pullbacks, indicating that the bulls are not in control. I anticipate that the market will provide further opportunities for trend continuation in the bearish direction. My goal is support zone around 106.300
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
