CADJPY trade ideas
CADJPY WEEKLY OUTLOOK WITH A POSSIBLE DRAW TO THE UPSIDE.Buyers retain their bullish strength around 108.731 as it tested a trend line. This shows that there’s still an opportunity for buyers to push the price higher.
A buy opportunity in a envisaged and the target price for buy is 116.021
CADJPY-Bearish TrendAfter Bearish divergence in distribution phase, CADJPY is in bearish trend making LL and LHs.
Entry: 111.192
SL: 111.742
TP-1: 110.547
CADJPY SELL FX:CADJPY
Over the course of this week, CADJPY has demonstrated a consistent uptrend. However, there is a possibility of a pullback, which might lead to a retest of the 23.6 level before the upward trend continues. To take advantage of this market movement, we will closely monitor the trendline and wait for a bounce to retest our sell entry.
Alternative Scenario:
Depending on the strength of the support level at the 38.2, this pair may have the momentum it needs to break above the highs.
CADJPY: Bullish Forecast & Bullish Scenario
Balance of buyers and sellers on the CADJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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BUY CADJPY ON DIPS!!!HELLO TRADERS !!
As I can see this pair is now tested a strong support zone which is a very low risk entry for longs.
CADJPY is still going to move more higher than predicted level on weekly based timeframe friends it's just a trade idea share Ur thoughts with us it helps many other traders.
Stay Tuned for more updates!
CADJPY HEADING DOWNAs we can see that Evening start pattern has been formed at the resistance trendline with the confluence of resistance in CADJPY on Daily timeframe so it is a high probability swing trade.
Target - 109
CAD/JPY SHORT FROM RESISTANCE
Hello,Friends!
Bearish trend on CAD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 110.959.
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CADJPY-SELL strategy 4-hourly chartAs mentioned yesterday, the pair is posed to move lower, and likely we may see 110.80 area.
For now, stochastic negative. and we broke GANN support, hence we are en rou8te south.
Strategy SELL @ 111.78-111.90 and place SL above 112.27, or keep yesterday strategy in tact. Profit order @ 111.07.
CADJPY - IN BULLISH TRENDIt continues to print higher high and higher lows and is in Bullish trend in the short to medium term.
CADJPY IS MAKING DOUBLE TOP CADJPY is making double top with bearish divergence clearly indicate reversal my trade plan mention in chart
CAD/JPY ShortCAD/JPY Short
Minimum entry requirements:
• 1H impulse down below most recent low.
• If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
CADJPY-SELL strategy 4-hourly chartThe pair had strong run-up and now I feel we may be slightly over done. GANN support @ 111.55 area.
I suspect movement back towards early 110.00s.
Strategy SELL current @ 112.10-112.30 and place SL above 112.90 and take profit @ 110.67.
CADJPY: Possible 300 PIPS Selling Opportunity! Dear Traders,
There is a good possibility that we can expect short term selling opportunity on CADJPY; saw some bullish exhaustion and price dropped created change of character. Though the price has risen up sharply to previous high, we still expect price to reject from the area around previous high. With 60 pips stop loss the setup idea look reasonable to take risk with 350 pips in take profit. Good Luck and Trade Safe.
#CADJPY: Major Swing Selling Opportunity, 300 Pips Expected! Dear Traders,
Cadjpy was extremely bullish in January since Yen plummeted to record low, making it easier for all jpy pairs to rise to the new level. However, since february Yen has started to recover and it is expected to remain bullish for entire march.
Right now, We are looking at price to come to our area of entry and reject it from there, with possible 300 pips selling opportunity can be targeted. Using of Accurate Risk Management is advisable and protect your capital at all time. Only take this idea as your bias.
Good Luck and Trade Safe!
CADJPY, Failled breakout?CADJPY / 1D
Hello traders, welcome back to another market breakdown.
CADJPY has made a large leg down, which might result in a second leg down. The price is back to a Major key Level. I'm looking for a reversal pattern here.
Trade safely,
Trader Leo.
Yen Alignment (Sell) Looking to sell the JPN225 and CADJPY pair from nearby levels. USDJPY is also a viable sell here, but I will not be taking this as I do not want to be overexposed on Yen buys.
Multiple Yen pairs are currently aligned to sell being CADJPY, USDJPY and JPN225. This makes this one I cannot miss.
How it is played is I will be splitting my normal risk between the two pairs. 1% to CADJPY and 1% to JPN225.
Confluences:
Yen cross alignment 2+ pairs
KL (Key levels)
CADJPY Monthly Trendline area.
CADJPY SL: 40 pips
CADJPY TP1: 1:2
JPN225 SL: 180 points
JPN225 TP1: 1:2
CADJPYCADJPY has changed its Character from Bullish to Bearish you can take entry for short with risk to reward 1:2
CADJPY - Bullish Trend in 4h Time FrameCADJPY in Bullish Trend in 4h Time Frame.
Printing multiple Higher Highs and Higher Lows.
Entry : 111.197
SL : 110.500
TP-1 : 112.247
TP-2 : 113.166
CADJPY BUllish at 30 mins TF"The CAD/JPY pair is showing a clear bullish trend today, backed by both technical and fundamental analysis. From a technical standpoint, we've seen a decisive break above the resistance level at 111.421, which has now turned into a supportive floor. This breakout suggests that buyers are in control and are propelling the price upwards. Additionally, indicators like moving averages, volume, and oscillators support this bullish momentum. On the fundamental side, positive economic data from Canada, particularly strong GDP growth and supportive policies from the Bank of Canada, are bolstering the Canadian dollar against the Japanese yen. Furthermore, rising commodity prices, particularly crude oil, benefit the Canadian economy and its currency. Meanwhile, shifts in global risk sentiment and central bank policies also play a role, with any divergence in monetary policy between the Bank of Canada and the Bank of Japan influencing the exchange rate. Taking all of this into account, it's evident that the CAD/JPY pair is on a bullish trajectory today."
