cadjpycadjpy made a fake breakout in the 4-hour rising trend channel. It has now re-entered the channel. It will pull back to the lower support of the channel.
CADJPY trade ideas
CADJPY View!!In addition, there is the global economy to worry about and the signals from oil and other commodities are poor. Brent and WTI today settled at the lowest since 2021, iron ore has plunged lately and copper is back to 4/lb.
Finally, the yen carry trade isn't showing any signs of recovery after the battering in August. If anything, the growth-sensitive trades are flagging the risk of another leg lower.
CADJPY: More Growth is ComingI noticed another breakout today:
CADJPY has surpassed a significant horizontal resistance and closed above it, suggesting the possibility of continued bullish momentum.
The next resistance level to monitor is at 111.05.
CADJPY: Range Breakout & Level Breakout1. 1W: Bullish candle
2. 1D: Range breakout to upside
3. 1D: 50 SMA uptrend continuation
4. 1D: Level breakout and retest
5. 4H: 50,100,200 SMA uptrend
6. 4H: Level breakout and retest
Strategy: In 4H, currently retesting; upon upside candle stick (e.g., engulfing), enter LONG trade.
CADJPY: More Growth is ComingHere is one more breakout that I spotted today:
CADJPY broke through an important horizontal resistance and closed above it, indicating potential for further bullish movement.
The next resistance level to watch for is at 111.05.
CADJPY for buy.We can see a double bottom In a major support zone.preice already broke out of the zone, wait for retest and long to next resistance zone.
CAD/JPY Poised for Further Gains After Bullish Flag BreakoutCAD/JPY Poised for Further Gains After Bullish Flag Breakout
On Friday, CAD/JPY broke out from a bullish flag pattern, signaling potential for further upward movement.
This pattern, known for indicating trend continuation, appears robust and suggests that CAD/JPY may continue to rise.
The bullish momentum is further supported by the positive movement in USD/JPY, driven by the latest Non-Farm Payroll (NFP) data released on Friday.
CAD/JPY is expected to maintain its upward movement throughout the week.
Key resistance levels to watch are 110.60 and 111.85, which could be easily reached if the current momentum persists.
Thank you and Good Luck!
CADJPY continue its BULLISH TREND.making HHs n HLs
.making continuation of FLAG PATTERN
.TRENDLINE also performing well
.carry projection of flag pattern
CadJpy Trade IdeaCJ with the clean range between 108.8 and 104.350. Another pair to end the week breaking above the range possibly giving us opportunities to go long on the pair for the new week. Before executing on the pair I would need to see price pullback and retest 108.8 to confirm longs for the week. If price happens to break back below 108.140 with smaller time frames shifting structure then shorts would come into play here. Patience is gonna pay here.
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CAD/JPY Bullish Breakout: Potential Buy OpportunitiesThe CAD/JPY 4-hour chart shows a strong bullish movement after completing a Bullish Gartley harmonic pattern. The support zone around point D, acted as a significant reversal point. Now, the price has broken through a descending resistance line, indicating a potential continuation of the bullish trend in the short term. Positive momentum and a favorable technical setup are present, supported by the TDIGMA oscillator moving into overbought territory, confirming strong upward momentum.
1. Buy on Retest of the Broken Trendline
After breaking the descending trendline, the price may retest this line as support, presenting a buying opportunity on a pullback. This strategy targets the continuation of the bullish movement.
Entry: Buy between 108.20 - 108.40 on the retest of the broken trendline.
Stop Loss: 108.105 (below the recent consolidation zone).
Risk-Reward Ratio: 1:1
Rationale: The strong uptrend and breakout from resistance make this pullback buy strategy highly probable.
2. Buy on Continuation After Consolidation
If the price continues to rise without retesting the broken trendline, wait for a consolidation phase and look for a buying opportunity once the upward trend pauses, aiming for a continuation of the bullish move.
Entry: Buy around 109.505 after a consolidation phase.
Stop Loss: 108.105 (below the consolidation zone).
Risk-Reward Ratio: 1:1
Rationale: A continuation buy strategy can be effective, but it’s crucial to watch for clear signs of a pause in the movement before entering.
Final Notes
CAD/JPY is showing clear bullish signals after breaking a descending trendline. The strategy to buy on the retest of the broken line offers a high probability of success. Alternatively, buying after a consolidation phase provides another viable strategy with a solid risk-reward ratio. Monitoring price action and confirmation signals on lower timeframes is essential for adjusting entries in real-time.
CAD/JPY Buy Setup Pending Bullish TDI ConfirmationCAD/JPY is showing an OLHC structure for September on the daily timeframe, indicating a potential buy setup.
Buyers are expected to enter the market once a bullish TDI cross appears on the daily chart. My target after the bullish cross is 108.000 .
Trade with caution, and if you find this idea helpful, please support it with a like, comment, and share."
CADJPY LONGCADJPY is in up trend. its is making HH and HL. there is no divergence. place buy limit at fib level 68.1
CADJPY Will Go Down From Resistance! Short!
Here is our detailed technical review for CADJPY.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 108.351.
Considering the today's price action, probabilities will be high to see a movement to 108.001.
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.
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CADJPY potential sell at resistance I'm currently taking a sell on CADJPY as price approaches a strong resistance level around 108.6. Despite the recent bullish momentum, this level has previously acted as a barrier, and combined with a rising wedge pattern, it suggests potential exhaustion of the uptrend. If price fails to break and hold above this resistance, a bearish reversal could follow, offering a good sell opportunity.
cadjpyeasy tokyo session shorts , nothing too \crazy easy work....
tokyo session cxadjpy will never miss also london but tokyo is amazing, had a boy w me seeing it b4 it played out
Sell CAD/JPY Resistance ZoneThe CAD/JPY pair on the H1 timeframe presents a potential selling opportunity @ Resistance Zone
Key Points:
Sell Entry: Consider entering a short position around the current price of 108.25.
Target Levels:
1st Support – 106.65
2nd Support – 105.48
Stop-Loss: To manage risk, place a stop-loss order above 109.02. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
CADJPY - Bearish Pressure Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 CADJPY has been hovering within a big range marked in blue.
Currently, CADJPY is retesting the upper bound of the range.
Moreover, the upper green trendline acts as a non-horizontal resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the major high and upper trendline.
📚 As per my trading style:
As #CADJPY is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CADJPYEVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
CADJPY is now at resistance. we can expect downside momentum nowCADJPY is now at resistance. we can expect downside momentum now
Support is between the price of 103.67 and 102.87
Resistance is between the price of 109.17 and 108.22
There is a point where the price is consolidating 106.67 and 106.27
Now the price is at resistance zone so now we can expect the price may come down, we can see the price touches the resistance multiple time.
according to my analysis it suggests the :-
Entry price :- 108.692
Take Profit :- 107.443
Stop loss :- 109.941
CAD-JPY Short From Resistance! Sell!
Hello,Traders!
CAD-JPY is going up now
But the pair will soon hit
A horizontal resistance
Level of 109.051 from
Where we will be expecting
A local bearish correction
Sell!
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CADJPY: Short Trade with Entry/SL/TP
CADJPY
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell CADJPY
Entry Level - 108.18
Sl - 108.96
Tp - 106.63
Our Risk - 1%
Start protection of your profits from lower levels
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CAD/JPY Key Areas (October)CAD/JPY has continued momentum to the upside despite fear sentiment coming into markets last night.
Key levels persist amongst a tentative BOJ.
