CADJPY: Market of Sellers
The analysis of the CADJPY chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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CADJPY trade ideas
CAD/JPY AnalysisCAD/JPY technically breaks the Symmetrical triangle and from this scenario I am planning a long position in it
OANDA:CADJPY
Portfolio Selection for the Week – 10th February 2025This portfolio selection is for educational purposes only!
The key to successful trading lies in consistency. Consistent decision-making, combined with a positive edge, is what leads to long-term success in the markets. This is why we regularly conduct portfolio selection.
At present, the Japanese Yen (JPY) is the strongest currency, followed by the US Dollar (USD), Australian Dollar (AUD), and Canadian Dollar (CAD). On the weaker side, we see Swiss Franc (CHF), Euro (EUR), New Zealand Dollar (NZD), and British Pound (GBP).
Most currency pairs have been experiencing secondary trends. Once this phase concludes, we can look to align trades with the dominant market trend.
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Trade idea for the weekly outlook.In this video i will explain what i am gonna trade for the week for my accountabilty partner.
I see nice oppurtunitys for a sells on the pairs.
Cadjpy for shortPrice hits a weekly resistance zone, formed a double top. Wait for breakout and retest of the support zone and bearish candlestick pattern for confirmation.
BUY CADJPYCADJPY with a great buy entry at the end of the week. Price should retrace up now until the market closes then pick up from there with a fresh weekly candle and continue up. There are three targets, (106,546), (107,306) & ( 108,010)
CAD_JPY BULLISH REBOUND AHEAD|LONG|
✅CAD_JPY is going down now
But a strong support level is ahead at 105.000
Thus I am expecting a rebound
And a move up towards the target at 106.029
LONG🚀
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Setup #005 - CADJPY - LongTrade entered.
Confluences:
✅ Bullish overall bias
✅ Bulllish demand zone
✅ Bullish crab on 15 min chart, bullish impulse crab on H4
✅ Bullish divergence in price reversal zone
✅ Buillish break of structure
✅ Entering London close zone
✅ Break of structure confirmed
✅ Required risk:reward met
Daily triangle patternWe clearly see a Triangle pattern on the daily chart followed by a breakout then a pullback to the 50% Fibonacci, all the confluences suggest a bearish move is at hand
WE ONLY TRADE PULLBACKS
CAD/JPY VS AUD/JPYboth look similar you can see $$$ then you see a sweep and price pushes very bullish so which ever one gest to my zone last i will take
CADJPY SellsCADJPY is gearing up for a potential sell move. This setup will only be valid should price return back up to 106,7. Thereafter, we can look for sells
Pattern ID Exercize on CAD/JPY 6/2/2024Hello this is my Pattern ID Exercize on CAD/JPY 6/2/2024. Hoping for your feedback
Setup #004 - CADJPY - LongWaiting for order fill. Must come between 10am-12:30pm ET today.
Confluences:
✅ Bullish overall bias
✅ Bulllish demand zone
✅ Bullish crab on 15 min chart, bullish impulse crab on H4
✅ Bullish divergence in price reversal zone
✅ Buillish break of structure
✅ Entering London close zone
✅ Break of structure confirmed
✅ Required risk:reward met
CADJPYPotential CADJPY trade? if we get a retracement back into that zone price will be hitting a psych level and a previous structure level. It will be another confluence if price also meets the EMA and uses it as resistance.
CAD/JPY NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
Stop lost before pattern
R/R 1/3
CADJPY - ShortShort trade plan for CADJPY as it is moving in bearish trend with descending channel support.
Bearish divergence further supports bearish trend.
CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 106.159 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Looking for a momentum breakdown closurefor upcoming CAD weakness and potential YEN strength
Just looking for small scalp
runners depends on the catalyst which I think have chance to happen soon
No breakdown closure with volume, volatility, and momentum confirmation = no trade
heikin ashi to trail
information created and published doesn't constitute investment advice!
NOT financial advice
CADJPY (5 MIN CHART)The CADJPY pair is near a supply zone and show as reversal pattern on the 5-minute chart, signaling a potential sell opportunity. Look for bearish candlestick patterns and cross with high volume and to confirm entry.
LOOK FOR 5MIN TIME FRAME
CADJPY Buy Setup🔼#CADJPY Buy Setup
Currently Trading At 105.580 , Buy Dip Till 104.742 For The Target 107.300—-109.380
CADJPY next move (expecting bearish move)(22-01-2025)(mid term)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (22-01-2025) (mid term)
Current price- 109.000
"if Price stays below 111.000, then next target is 105.000 and 103.000 and above that 115.000 ".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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Short**Market Outlook and Technical Perspective**
**Key Price Levels:**
- **Resistance Threshold:** 113.030 – A decisive break above this level would negate the bearish outlook, suggesting potential trend reversal.
- **Support Targets:** Immediate downside targets are 106.332 and 104.805, with a critical *Major Support* at 102.800. A close below 102.800 confirms renewed selling momentum.
**Chart Pattern & Trend Dynamics:**
- A **descending flag pattern** is emerging on the chart, typically a bearish continuation signal. This reinforces expectations of a downward leg, targeting the noted support levels.
- Price remains below the **WEMA21** (21-period Weighted Exponential Moving Average), which now serves as dynamic resistance. Any upward retracement could face selling pressure near this moving average.
**Momentum Analysis:**
- **RSI (Relative Strength Index):** At 41, the RSI reflects bearish momentum but is not yet oversold. A sustained downtrend in the RSI (marked by its own unbroken bearish trendline) aligns with the price’s weakness.
- **Recent Price Action:** The peak at 111.550 (20 Nov 2024) established a lower high, signaling fading bullish strength and opening the door for further declines.
**Scenario Analysis:**
1. **Bearish Continuation:** While price holds below 113.030, the path of least resistance favors a drop toward 102.800, especially if sellers breach 106.332.
2. **Bullish Invalidation:** A close above 113.030 or a break of the RSI’s downtrend line could signal short-term bearish exhaustion, warranting caution for downside bets.
**Conclusion:**
The confluence of the descending flag, resistance at WEMA21, and RSI momentum supports a bearish bias. Traders should monitor reactions at 106.332 and 104.805 for downside acceleration, while guarding against a surprise break above 113.030 that would challenge the current thesis.
