CADJPYThis pair is making clean HHs and HLs. The analysis is done on 1H time frame. with risk and reward of 1:1.
CADJPY trade ideas
CADJPY - Long TradePrice swept liquidity, made a false breakout of the 1D swing, and closed above.
After that, we have a break in market structure, which shows us sign of strength on key level.
That's why there's a higher probability of seeing prices higher at FTA (first trouble area) as next liquidity level.
Keep it simple and consistent!
CADJPY may go up from the bullish order block.CADJPY may go up from the bullish order block.
BULLISH ORDER BLOCK :- 108.185 AND 107.960
There is another bullish order block slight below the first order block.
The price is now at bullish order block it's time to open the position within the order block to have the profits.
i have analyzed chart using most advanced price action strategy using SMC (smart money concepts)
according to my analysis i suggest :-
Entry price :- 108.185
Take profit :- 108.893
Stop loss :- 107.626
CAD_JPY BULLISH BREAKOUT|LONG|
✅CAD_JPY is trading in a
Local uptrend and the pair
Has formed a bullish wedge
Pattern from where we are
Already seeing a bullish
Breakout so we will
Be expecting a further
Move up
LONG🚀
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CAD/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 108.329 level.
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Lingrid | CADJPY bullish DIVERGENCE: Potential BUYFX:CADJPY made a fake breakout of the previous support level but then bounced off it, taking liquidity below the previous week's low. On the daily timeframe, a long-tailed bar has formed, indicating that bulls are attempting to push the price higher. Additionally, on the 4H timeframe, we see another long-tailed bar, which further signifies buying pressure. There is a bullish divergence present on the current timeframe, suggesting a potential trend continuation. I think IF the market breaks and closes above the 108.500 resistance level, there is a good chance that the price may test the level above the equal high on the left. This would be a strong confirmation of the bullish sentiment in the market. My goal is resistance zone around 109.15
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CADJPY: Pullback From Key Level 🇨🇦🇯🇵
CADJPY may pull back from a key daily/intraday horizontal support.
As a confirmation, I see a double bottom pattern on that
and a violation of its neckline on an hourly time frame.
Goal - 108.63
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Bearish breakout?CAD/JPY is reacting off the pivot which acts as an overlap support and could breakout to the 1st support level.
Pivot: 108.03
1st Support: 106.91
1st Resistance: 108.68
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cadjpycadjpy had previously made a fakeout in the minor downtrend. Now it is approaching this trend with volume. In case of breakout, it will rise to the channel median and also the session resistance level of 109,000. In case of breakout of the 109,000 level, it will rise to the upper region of the channel, 111,000.
CADJPY Bounce off Demand Zone?This is a head up! I shall be watching this pair closely. The plan will be to open a LONG position when I get the close of an hourly candle showing a bounce to the upside. This is consistent with the 4H and Daily trend direction. I shall be waiting for a pin bar, engulfing or tweezers. I shall place the stop below the zone at about 107.55. If the price drops below the zone that this idea will be scrapped.
NOTE. Canadian CPI is due for release 12:30 GMT TODAY so I will NOT be opening a position until after this data release.
CadJpy Trade IdeaGood Morning ! There's 2-3 set ups I see this morning that could potentially play out. First set up for me is gonna be CJ. As of now CJ seems to be respecting the resistance level marked out. If price can break below the 4hr HL then we would have a shift of structure. Confirmation for me will be a bearish engulfing right after the retest to confirm our shift in structure. I'll personally be looking for a 1:4rr on this set up.
CADJPY LONGCadjpy on structure formed a w pattern, which isnt completed as yet. So anticipation on technicals illustrated would we are still yet to push high.
CADJPY-SHORTCADJPY was trading in a bullish trend,as it has formed a bearish divergenc so we are expecting a bearish trend to start from here
CADJPY SELL 4 HOUR TIME FRAMESTRONG SUPPLY ZONE
Lower Lows being created
Price has to feel the gap below
Expecting a 12:1 reward, Let's see!
OPTIMISTIC TARGET
CADJPY SELL 4 HOUR TIME FRAMEStrong SUPPLY ZONE
Lower Lows being created
Price has to feel the gap below
Expecting a 4:1 reward, Let's see!
Shorts for CJ this weekCJ is currently forming a selling opportunity to feel up all the gaps that have been formed while it was forming the new highs on the monthly and weekly time frames
CADJPY - Long TradePrice swept liquidity below and broke the structure, so I would expect to see price trade higher at the equal highs (key liquidity level)
Keep it simple and consistent!
CadJpy Trade IdeaYou know what day it is! Gonna start this Sunday off with possible short set ups for CJ. I was looking for CJ to continue heading to the upside. I ended last week with a break even on CJ. CadJpy is currently back below a daily level of resistance with bearish structures to support our push to the downside. As long as CJ can maintain bearish structures below 108.8 we could definitely short the pair for the rest of the week. The break and retest of the level I have marked is CRUCIAL because it'll be the shift of higher time frames as well. That break and retest would break the last HL on higher time frames. I personally wanna see the shift at that HL being 107.800. From there we'll be clear to the downside.
SELL TO BUY IDEADISCLAIMER THE BELOW IS JUST MY VIEW AND THOUGH, TRADE AT YOUR OWN RISK
Before i give my view i would like to clarify something first the CADJPY is quite bullish with a Pearson square of +0.8 but it took out a significant high which i would like to clarify as an ERL, hence i am expecting a pullback of the current impulse leg, the price is currently trading at premium hence sellers may dominate until buyers kick in at discount, currently i have two poi's that i believe prices may react at to resume the uptrend.
1. The imbalance at the equilibrium of the range
2. The demand zone below the imbalance
That is my approach and hence my idea sell to buy
CADJPY pt 2Had time for a transparent post which is one of the more important posts you should pay attention to. I was in profit in hopes of price reaching my take profit easily. Price wasn't ready, so it reversed and took me out. I have no feelings about this trade and I would take the same trade every time I see it. Followed my rules and I controlled my risk so I lost exactly how much I wanted. Last month I made 50%+, so far this month I'm down -10%. I am going to still end this month profitable through the power of risk management , discipline, and applying my strategy. This is the mindset you have to have to be a profitable trader. Learn , Create a plan, and stick to that plan.
CAD/JPY October Setup: Bearish Divergence Confirmed with TDI
CAD/JPY October Market Structure and Trading Analysis
In the month of October, the CAD/JPY pair is exhibiting a classic open high-low-close structure, indicating a potential sell setup. This bearish outlook has now been confirmed with a TDI (Traders Dynamic Index) cross, signaling the appropriate time to consider sell entries.
Key Technical Highlights:
1. Bearish Divergence: A significant bearish divergence has been present since July 19, 2024, continuing to the current market price. This divergence suggests weakening bullish momentum and a likely shift towards a downward trend.
2. Open High Structure on Daily Timeframe: The daily chart for October reflects an open high structure, which is a strong indication of a bearish trend for the remainder of the month.
3. Overbought Conditions: Following a bullish breakout that began on October 1, 2024, the market had reached overbought levels, creating a favorable scenario for a reversal.
4. Confirmed Bearish TDI Cross: As of October 10, a bearish TDI cross has occurred, confirming the presence of sellers in the market. This cross is a key technical indicator, signaling that sell positions are now supported by market conditions.
**Take Profit Targets:**
- **Take Profit 1:** 107.250
- **Take Profit 2:** 106.500
Trading Recommendations:
Even though we have the confirmation from the TDI cross, it is essential to remain cautious and ensure that valid signals continue to align with the overall market conditions. Always apply risk management strategies to safeguard your capital while trading.
If this analysis has been useful, please feel free to like, comment, and follow for more updates. I’ll be sure to follow back. Best of luck with your trades!
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