CADJPY - Buy StopCADJPY - Buy Stop
Currently Price is trending between a fixed range,
Looking to go Long in case R2 is broken
CADJPY trade ideas
CADJPY SHORT CADJPY is making a range. it is not in a trend but likely it will go down because primary trend is down.
CADJPY - Sideways MarketCADJPY in sideways market with trade plans for both long & short trades with the help of support and resistance.
Trade recap and analysis - CAD/JPYTrade what you see not what you think!
We had a nice sell today on the CAD/JPY, this trade was accelerated by the CPI news and the CAD Monetary policy news.
The outlook now is bullish based on the wave structure count on the H4 chart. The price has now printed a momentum high 1 (Resistance) followed by a structural point 2 (Support); which is a buy point.
Using the Fibonacci retracement tool as a guide for our Buy-Zone, we believe that the retracement is valid and buying now is a high probability trade.
Targets: 112.22 & 112.56
SL: Below 111.40
Deep Retracement - CAD/JPY Intraday setupMomentum precedes prices.
Yesterday the CAD/JPY broke down sharply below key structural points. The discounting in price (Retracement) was very deep and slow.
Now, based on the reappearance of the 4th structure (Blue Dots) which to us indicated that we can now look for a sell setup. We executed a sell using the WT Candle plus break of the London session market side (Vwap).
Potential target is 111.36
Stop Loss is 112.00
Why I Think CADJPY Will Continue to SellHey Rich Friends,
Happy New Year! The second trade I will be taking this year will be a sell for CADJPY. Anything could happen during this NFP Week but here is what I am looking at:
- The most recent candle has rejected the previous supply area
- The momentum indicator is facing down
- The slow line (orange) is above the fast line (blue) on the stochastic
Additional confirmations to look for:
- Wait for the stochastic to cross below 80
- Wait for the momentum indicator to be negative
- Wait for break of structure on the downside
TP will be set at 100 and 200 pips from SELL LIMIT entry!
It is still NFP week so remember to check the new and only enter a trade if it makes sense to you.
Peace and Profits,
Cha
CADJPY May Go Higher! Here is WHY: 🇨🇦🇯🇵
CADJPY formed a huge inverted head and shoulders pattern
after a test of a key horizontal daily structure support.
Because the pair is trading in a long-term bullish trend,
chances will be high to see a bullish movement to higher structure levels.
Goal for buyers: 112.14
❤️Please, support my work with like, thank you!❤️
CAD JPY TRADE SETUP 4 HOURCAD JPY has formed a Symmetrical Triangle + A head and shoulders pattern 🤩 on the daily resistance level....
All we need to see before executing this trade is candlestick confirmation on the Right shoulder of the head and shoulders pattern. ⏰
Cad/Jpy is Bearish.I see a bear move on a 4hr tf although the Monthly timeframe shows a continous uptrend that wants to create a new HH .
I will be taken advantage at this bearish move .
Happy trading
CADJPY FALL IS COMIN????I'm back, Finally, let's jump in. Lookin at the data provided by the economic news portal, there's a potential that Canada will continue to weaken against the Yen. This was also confirmed with the closing of the weekly CADJPY, which shows there's a rejection after the bullish rally and was supported by the strength of the Canadian economy previously. But hey, things change , and it'll always happen, as the unemployment rate is worsening in Canada while Japan's economy remains balanced .
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Entry could possibly be taken at the OTE . I use the 4 hour chart to draw the highs and lows of the weekend. If you want to take the entry, make sure to take it responsibly and manage your risk well .
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Stay Safe
X.CO
CADCHF H1 POSSIBLE SELL OPPORTUNITY Price recently pushed to a low price of 111.120. A began to make a retrace. A deeper retrace to 78.2% of the fibo retracement tool provide an insight for a sell opportunity
CAD JPY - PRICE AGAIN BACK TO SUPPORT ZONE TILL 111.618 LINE CAD JPY - PRICE AGAIN BACK TO SUPPORT ZONE TILL 111.618 LINE make a short entry after beakout of up trend line as shown in the picture, follow for more live updates @FOREX_TRADER_007
CHART2-5 CADJPY TREND IS GETTING BULLISH AGAINCadJpy was reversed recently from Bullish to Bearish the tide looks to go back to bullish again with evidence for divergence.
Chart 2 of 5: CADJPY Short Term reversal is fading awayThe recentl trend reversal from Bullish to Bearish is reversed now with divergence evidence.
CADJPY long At the end of this month, the Canadian Yen will target new resistances, as mentioned in the Pivot indicator, which gives supports, resistances, and the Pivot axis.
✨ CADJPY: ITF CURVE ANALYSIS (10H) ✨ (DOWNTREND)If my analysis is correct, we have a potential of another wonderful trade on our hands. The R:R (when position sizing correctly) will be a whopping 73:1! Details below:
SLO2 @ 112.26 ⏳
SSO1 @ 111.05 ⏳ (set after SLO triggers & is green)
TP1 @ 106.201
TP2 @ 101.063
TP3 @ 97.697
🔑
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
CADJPY CRIES MY TURN MY TURNOther JPY pairs have commenced a downward trend, indicating a potential for CADJPY to follow suit.
Bullish OpportunityPrice is now at the bottom of the 4h KC and bullish trendline. It seems there will some momentum upwards according to RSI
CADJPY - Bearish TradeCADJPY in advancing phase reversed trend to declining phase. Now trading in bearish trend with EP, SL and TP 1 & 2.
CADJPY is approaching a significant zoneHey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 112.300 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 112.300 support and resistance area.
Trade safe, Joe.
CADJPY: Riding the Bullish Wave Towards New HighsHi Realistic Traders, let's delve into the technical analysis of FX:CADJPY
CADJPY is currently trading above the EMA90 line, indicating a robust bullish trend . The formation of a symmetrical triangle pattern further supports this trend continuation. On March 28, 2024, the price broke out of the symmetrical triangle pattern with a bullish full-body candlestick , affirming the bullish sentiment. Subsequently, an inside bar pattern emerged, and the recent breakout above its high suggests a potential upward movement toward the first target area. A retracement to the previous resistance zone is anticipated after reaching the first target, followed by a potential push toward a new high or the second target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY."
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