CADJPY waiting confirmationCADJPY waiting confirmation
short bellow 108.956
long above 110.060
Targets on chart
CADJPY trade ideas
CADJPYCADJPY overall up trend, broken the previous higher high and pulled back around 70% Fib level,(a demand zone too). Potential trend continuation and two target is marked. Hoping this will as per the plan.
CADJPY LongWith H4 trend
Pattern on M15, M30 and H1
Triple bottom on M15 with divergence
45 pip stop loss
Get out at overbought
CADJPY Supply And Demand Swing Long Analysis-Price broke downward ML
-Price removed opposing pivot supply and created new HH/HL
-DBR demand created.
-Swing buyers valid with 2x Stop loss locations I would consider OR
Day-Traders can use 4hr demand as Higher timeframe and wait for new lower timeframe confirmation.
CADJPY at strong resistance in the Daily chartHistorical context: +60% up since 2020
The CAD/JPY pair has demonstrated a remarkable upward trajectory since March 2020, recording an impressive increase of over 60%. This surge can be partly attributed to Japan's prolonged monetary policy, which maintained negative interest rates while many other countries raised their rates to combat inflation following the pandemic.
Recently, the Bank of Japan signalled a significant shift in its monetary policy, indicating its intention to begin raising interest rates. This development has provided a boost to the Japanese Yen. The current pullback represents the sharpest decline observed since the onset of the uptrend in 2020, potentially signalling a change in market direction. This analysis will delve into the recent price action, loss of key support levels, and critical areas to monitor.
Technical Perspective: Key Indicators
Break Below the 200-Period Moving Average
The recent breach below the 200-period moving average signifies a weakening uptrend. This movement suggests a potential reversal in the prevailing direction, accompanied by increasing selling pressure. The 200-period moving average is often regarded as a critical threshold separating bull markets from bear markets, making a drop below this level particularly significant.
Accelerating Downward Movement
The decline observed between 10 July and 5 August marks the steepest drop in CAD/JPY since 2020. Most notably, this downturn has effectively engulfed all gains made by CAD/JPY over the previous 12 months. The acceleration of this downward movement underscores significant selling interest in the pair.
Fibonacci Analysis and Price Structure
Following the breakout of the SMA200 on the daily chart, the price has retraced to the 50% Fibonacci level of the recent downtrend. The 50% level is often viewed as a critical area of interest that can present opportunities aligned with the primary trend. The confluence of the 50% level with the 200-period moving average marks a pivotal point for sellers at this juncture.
Possible Sell Scenario
Given the breach of the 200-period moving average and the prevailing price structure indicating a potential reversal, a selling opportunity may arise if the pair continues to exhibit weakness.
A sell signal could be triggered if the price breaks below the uptrend line on the daily chart (highlighted in black). Initial targets for this sell-off could include the 23.6% Fibonacci level at 105.7, with an extended target around the 103.00 region.
A stop loss should be established if the price demonstrates a clear breakout above the range defined by the 50% Fibonacci level and the SMA200 on the daily chart, situated around 111.20.
The CAD/JPY pair is beginning to exhibit signs of exhaustion following a prolonged uptrend. The breach below the 200-period moving average and the testing of Fibonacci levels suggest a potential period of correction or reversal ahead. Close monitoring of price action around the 108.229 and 110.258 levels will be crucial in validating any potential short entries.
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CADJPY sitting on support ahead of jobs dataIntraday Update: The CADJPY is at trend line support after the rejection of the ascending channel yesterday, this is ahead of the Canadian jobs report, and a weaker number could allow for a move towards the 108.00 level.
CADJPY TRADE IDEA We are anticipaing for a BEARISH MOVEMENT on this Pair,Currently the CADs are weak, and you can confirm that from the GBPCAD and so on, secondly on this JPY, we are beginninng to see some sign of strength, while also on the CADJPY CHART, Price is sitting on a DAILY SUPPLY ZONE,we also have some H4 CANDLE CONFIRMATIONs with LTF as an Additional Confluence. You can add this to your WATCH-LIST, if this matches with your IDEA.
CADJPY SELL SETUPI have a Daily choch on the daily uptrend and a daily retest in my zone. Im waitn for a 4hr choch with a retest for a continuation down to last daily low. If there isnt a choch on the 4hr and it keeps rising, I will not enter
HAPPY TRADING EVERYONE!!!!!
CADJPY higher bearish expectations for this week
CADJPY triangle pattern breakout, price is bounce/test on strong zone, currently price in consolidation zone, trend line is breaked.
Tecnically bearish expectations here for this week.
SUP zone: 110.500/700
RES zone: 108.000, 107.000
Scenario CADJPY levels update I am proceeding further in short's understanding of the market, I just wanted to specify the levels where the most accurate turn could be achieved, this analysis is based on the previous one
Short CAD/JPY after retractionThere are some fighting in current zone and the patterns are still not really sure for short.
Maybe wait until the price retracts a little bit back to the corrected down trend channel top line area then short again with lower risky.
But if the price could break up the down trend channel top line and stand up on the line, then, the short strategy will not be active.
Short CAD/JPYThe price has touchd the previous support zone and bounced back to South. It touched the down trend channel top line area.
It is possible to go South and idea profit position is in prevous support line and down trend channel bottom line area.
CADJPY TRADE ANALYSISOn this Pair, we are anticipating for a SELL, as the CAD is weak, also the JPY has given us a Confirmation for a shift in trend to the UPSIDE, also on the CADJPY, the Trend is BEARISH,we have price at around the Supply areas with other confluences, also on the 30mins tf price has shifted its trend to the DOWNSIDE, You can add to your watch-list if this matches with your thought.
**CAD/JPY Dynamic Prediction: Key Levels in Play**🔄 **CAD/JPY Dynamic Prediction: Key Levels in Play** 📉📈
CAD/JPY is currently at **109.617**, setting up for some interesting movement. We expect a dip to **109.364** before a move up to **break 109.873**. If a reversal follows, the price could target **108.877**, with potential momentum aiming to break **110.508**.
🔍 **Key Levels to Watch:**
- **Current Price:** 109.617
- **Support Touch:** 109.364
- **Resistance Break:** 109.873
- **Bearish Target:** 108.877
- **Bullish Target:** Break of 110.508
💡 **Trading Insight:** This setup could provide trade opportunities both ways. Keeping an eye on these levels for confirmation will be crucial for entry points!
👉 What’s your CAD/JPY outlook? Comment your analysis!
#CADJPY #DynamicMove #ForexTrading #KeyLevels #Pipnest
CAD/JPY Long H4 Buy Limit @ 104.595
S/L @ 103.267
T/P1 @ 107.00
T/P2 @ 108.58
R.R.R. @ 1:3
Pure Price Action Trading based on Pullback Breakout of Key Level.
Good Trading to the Trading View Community! 👍
CAD/JPY Short H4 Sell Entry @ 106.93
S/L @ 109.06
T/P1 @ 104.80
T/P2 @
R.R.R. @ 1/
Pure Price Action analysis based on Breakout and/or Pullback of target level.
Enjoy trading ?
CADJPY / M15 / SHORTCADJPY may fall from the Bearish Order Block
Bearish Order Block: 109.457 and 109.372
CADJPY is likely to drop from the bearish order block, with a high probability of the trade reaching profitability. Since the price hasn’t touched the order block yet, consider placing a limit order at the entry price. Let’s see how the price reacts as it approaches this zone!
CADJPY / M15 / SHORT
LOT :- 0.3
Entry Price :- 109.372
Take Profit :- 109.151
Stop Loss :- 109.593
CADJPY Bearish Breakout!OANDA:CADJPY broke the rising
Support line and is going
Down again so we are
Bearish biased and we
Will be expecting a
Further move down !
CADJPY View!!Not much in USD/CHF before Wednesday and 0.8765 on $500 million and between 0.9035-45 on $807 million. The biggest EUR/CHF strike expiry is on Monday at 0.9705 on 626 million euros.
GBP/USD strike expiries worth noting are on Monday at 1.2940 on £553 million and between 1.2975-90 on £1 billion. There's little thereafter until Friday at 1.2970 on £713 million.
CADJPY SELL PROJECTION CADJPY, GBPJPY are likely to go deep this week due to the breakout from the uptrend and retest to the zone. Apply proper risk management
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CADJPY: Strong Selling Pressure EvidentA bearish breakout has occurred in CADJPY, with the price breaking below both an upward trendline and a horizontal demand zone.
Following a retest of the broken trendline, a strong rejection suggests potential for further downside movement.
The next key support level to monitor is 108.83.
CADJPY: Clear Strength of the SellersWe observed a bearish breakout on CADJPY, with the price breaking through both an upward trend line and a horizontal demand area.
After retesting the broken trend line, there was a strong rejection, indicating potential for further downward movement.
The next support level to watch for is at 108.83.
CADJPY GOING DOWNYesterday for halloween, something spooky happened : CADJPY broke the uptrend and is now free ;
after reaching one more time the HH KL, it is to go down, helped by the elections tuesday.
