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CADJPY trade ideas

CADJPY Update: Buying Opportunity IdentifiedTrade Setup: Pair: CADJPY Entry: Buy Limit at 111.16 Initial Stop-Loss: 110.84 Risk Exposure: 32 pips Analysis: Earlier, we discussed the potential buying opportunity on CADJPY, and now we have our candlestick confirmation. As a risk-conscious trader, I'm waiting for a retracement before entering the market. Trade Management: - Buy Limit: Set at 111.16 to enter the market at a favorable price. - Stop-Loss: Positioned at 110.84 to manage risk exposure. - Risk Comparison: By using a Buy Limit, I'm limiting my risk to 32 pips, compared to traders entering at the current market price, who face 48 pips of risk. Risk Management: - Always prioritize risk management to protect capital. - Adjust position sizes to align with risk tolerance and trading strategy. Your Thoughts? Are you also eyeing CADJPY for a buying opportunity? Share your insights and trading strategies in the comments below! 👍 Like if you found this update helpful! Stay tuned for more trade ideas and analysis. Trading involves risk, so be sure to conduct your own analysis before making any decisions.
Long
by RaynLim
CAD/JPY would be in an important breakout point in long termIn a very very long term time frame (Monthly), the JPY pairs could be in a very important breakout position and time now! and maybe really need to watch out! The price has touched and closing to two long term channels pressure lines crossing area. If this time, it could be able to break out to North, then, it is break out two long term pressure lines and the power should be very strong. The timing is clearly cut the chart into 4 pieces, and the price has clear turning in each time line. Now, it is in the fourth time movement period and the current direction is going to North. So, in a long long term strategy, the JPY pairs could be going North for long time until year of 2033 and the target position is previous high around 227. In short term, the price is showing intension to break out the pressure lines. Further, since the predication period is too long, it is only for main direction analysis and daily trade still need to focus on shorter time frame.
Long
by ChinaHelloWorld
AUD/JPY Short, EUR/JPY Short and CAD/JPY ShortAUD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. CAD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
1
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.
Short
by TKProphet