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Canadian Dollar / Japanese Yen

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CADJPY trade ideas

CADJPYThough we have a bearish outlook on the monthly charts, currently we are in a strong bullish correction that is printing higher highs seeking to mitigate supply zones (118).On the weekly charts we still have the same bullish bias. On the daily charts, we are in a minor bearish correction targeting the weak demand zone between 108-94 price handle. On the 4 hour we are still in a bearish correction seeking to clear disequilibrium. If the price breaks below 104 then its targeting the weekly demand.
by morrisgitau
CADJPY SELL/SHORT NOW**The Canadian dollar (CAD) surged against the Japanese yen (JPY) in January due to the yen's dramatic fall to record lows. This weakness in JPY caused all JPY pairs, including CADJPY, to rise significantly.** However, the trend seems to be reversing. The yen has begun to strengthen in February and is expected to continue this bullish momentum throughout March. **Looking ahead, analysts anticipate a potential pullback in CADJPY. The price might approach a key support level and then reverse, creating a selling opportunity of around 140 pips.** It's crucial to employ proper risk management strategies, such as stop-loss orders, to safeguard your capital during this trade. Remember, this is just a trading suggestion based on current market sentiment, and further research is recommended before making any investment decisions. Here's some additional information you might find helpful: * **Fundamental factors:** Consider economic news and events that could impact the CAD and JPY exchange rates. These factors can influence the overall trend and potentially alter the predicted pullback in CADJPY. * **Technical analysis:** Utilize technical indicators on charts to confirm the potential reversal at the support level. This can add confidence to your trading decision. * **Market volatility:** The currency market can be volatile, so be prepared for price fluctuations that might exceed the anticipated 300 pips. By considering these additional points, you can make a more informed trading decision based on your risk tolerance and investment goals.
Short
by keyshaard
cadjpy on strong support level Assalam-o-Alaikum, I want to discuss the CADJPY pair with you. The market structure is bearish on the daily chart, but there is strong support at the current level. On the H4 chart, the market structure is also bearish, and there is a chance that the market will retest the previous low and move upwards (FVG). Based on these two pieces of evidence, it seems we should consider a short-term buy on the H4 chart, and then sell after the retest. I would appreciate guidance from the senior members.
Short
by Muzammil201101001
CADJPY: Potential Bearish Reversal AheadHey there! Let's dive into the price action of CJ. It spiked to a high of 111.367 in the weekly timeframe, currently holding above the 109.827 low in the daily timeframe. This low might drive the price up to 110.596 in the 3-hourly timeframe, hinting at a potential bearish reversal ahead as we approach the supply zone. *Given the bearish trend in higher timeframes and the recent lower low (LL), 109.335 is a key level for potential bearish opportunities. Watch out for price action around the 109.00 range as it could signal important moves there, and the directional bias is at 107.014. Stay sharp and let's see how these levels play out in the market! Happy Trading, K.
Short
by Khiwe
CADJPY Technical Analysis! BUY! My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 110.15 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 110.58 My Stop Loss - 109.90 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1