CADJPY is BearishPrice has broken the trendline, and is consistently printing lower highs and lower lows, with no divergence on RSI the trend is likely to continue as per Dow theory. Targets are mentioned on the chart.
CADJPY trade ideas
Sell CAD/JPY Breakout PatternThe CAD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Bearish Pennant Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Pattern After Confirmation. Ideally, This Would Be Around 115.70
Target Levels:
1st Support – 114.65
2nd Support – 114.12
Stop-Loss: To manage risk, place a stop-loss order above 116.10. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Reacting off pullback support?CAD/JPY is reacting off the support level which is a pullback support that lines up with the 127.2% Fibonacci extension and could bounce from this level to our take profit.
Entry: 115.53
Why we like it:
There is a pullback support that lines up with the 127.2% Fibonacci extension.
Stop loss: 114.92
Why we like it:
There is a pullback support that lines up with the 161.8% Fibonacci extension.
Take profit: 116.97
Why we like it:
There is an overlap resistance level which is slightly above the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Text Book Chart Pattern .....Reversal Descending Channel.This pair has been bearish for the past days and has provided us with a reversal chart pattern. That might be showing a turn in the market trend. WE already looking for buying opportunities to capitalize on.
Tips And Tricks On How To Trade Fibonacci ToolThe Fib Tool Is Crucial For My Strategy and i will show u how to use correctly to guarantee ur trade will hit TP instead of SL.
1- i choose 61% - 71% - 78% fib level.
2- i wait for the price to be between 61% and 71% to enter a trade and waiting for a good price action will be extra good.
3- to put ur sl it needs to be above 78% fib level at least 30 pips.
4- ur tp can be areound -27% and -61% fib level.
CADJPY Short Term Sell IdeaH4 - Bearish convergence
Currently it looks like a pullback is happening.
H1 - Bearish trend pattern followed by a pullback
Until the strong resistance zone holds I expect the price to move lower further in the short term.
CADJPY Buys. Opportunity: CADJPY Buys. My parameters are on the chart. I see this pair retesting a demand zone on a horizontal support level, which also turned out to be a major turn level on higher time frames. I will be taking buys from that level with a very tight stoploss.
CAD/JPY LONG FROM SUPPORT
Hello, Friends!
The BB lower band is nearby so CAD-JPY is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 117.504.
✅LIKE AND COMMENT MY IDEAS✅
CADJPY - 4hrs ( Buy Trade Target Range 200 PIP ) Pair Name : CAD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Reversal
115.200 Area
Reasons
- Major Turn level
- VIsible range Hvn
- Pattern Target
- Quarters Area
- Trend Line Area
- Choch / D
Bearish Reversal
117.600 Area
reasons
- Major Choch Zone
- Visible range hvn
- Counter Trend
- Mjaor Channel Upper band
- weekly Hvn
- Fbio Golden Zone
CADJPY Bank Bearish Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist CADJPY Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
CADJPY POSSIBLE BUYThe market is currently reacting to the structure plus there's a reversal chart pattern forming on the 4HR TF. Possible to see buyers coming in should the current level hold
Let's see how this will unfold
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Potential bullish bounce?CAD/JPY has just bounced off the support level which is a pullback support that that aligns with the 127.2% Fibonacci retracement and could rise to our take profit.
Entry: 115.51
Why we like it:
There is a pullback support level which aligns with the 127.2% Fibonacci extension.
Stop loss: 115.03
Why we like it:
There is a pullback resistance resistance level which aligns with the 161.8% Fibonacci extension.
Take profit: 116.97
Why we like it:
There is an overlap resistance level which is slightly above the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CAD-JPY Local Bullish Rebound! Buy!
Hello,Traders!
CAD-JPY is going down
Now but the pair is now
Oversold so I will be
Expecting a local rebound
From the horizontal support
Ahead at around 115.500
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
CAD/JPY MARKET OUTLOOKPrice dropped to 115.753 a sell entry was made on Friday we have a 1:1 R-R
Heading to the. New week. If price successfully break the area of 115.753 more sell opportunity will emerge.
CADJPY Is Very Bullish! Long!
Please, check our technical outlook for CADJPY.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 115.742.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 116.299 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
CAD_JPY LONG FROM SUPPORT|
✅CAD_JPY fell again sharply
To retest the support of 115.500
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
CADJPY - LONG!Another set up here...
CADJPY
A few reasons why I entered this trade:
- Following the strong uptrend with all moving averages showing as bullish
- MACD suggesting further bullish movement
- Bullish flag pattern formed (a continuation pattern before price continues its bullish movements)
- A strong retest of the 117.55 support zone which saw a bullish reaction
- A break through of the bullish flag following this positive retest
Lets see what happens!
CAD/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
CAD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 115.486 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the CAD/JPY pair.
✅LIKE AND COMMENT MY IDEAS✅
CAD/JPY MARKET OUTLOOKPrice currently trades at 116.549!
Yesterday, plummeted over 2.5%. Yen tends to gain strength again after a long time bearish performance so far.
Could this drop be a start of bullish sentiment for yen?
We have 116.549 as a level where we watch out to see more price drops
CADJPY SELL IDEAThe market is currently showing a Daily Divergence on the RSI plus a BOS to the downside which showns a change on trend to the downside. Will keep an eye on this pair should this anticipation happen.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
CADJPY - LONGI am already long on cadjpy.
The pair has established a healthy uptrend so far and I am capitalizing on this by adding more long positions to my trade as son as price hits the uptrend trendline at about 118.567.
CAD/JPY H1 | Falling to overlap supportCAD/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 118.34 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 118.07 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 118.84 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
CAD/JPYThe Ascending channel on a smaller time frame has been broken by price and it is currently making a correction
