cadjpy shortthe setiment on myfx in over 90 percent short. A divergence has been played and now its forming series of LHs and LLs so we can short is using the DOW theory.
CADJPY trade ideas
CADJPY Possible Long Position BBMA OA Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Red Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
#CADJPY: 800+ Pips Possibly The Next Big Movement to OccurDear Traders,
Likewise our GBPJPY idea we also expect the similar movement on CADJPY, due to JPY recent bullish price correction, price of JPY pairs dropped heavily, however, the good thing is price rebounding from a vital key level which may be a turning point that buyers were looking for. Please note, today there is bank holidays in the uk and japan.
CADJPYRead carefully, If the red candle closes red it a confirmed High and it will sell im not sure to where but will just look for divergence
CADJPY: Important Breakout & Bullish Continuation 🇨🇦🇯🇵
CADJPY broke and closed above the resistance level
based on the year's high.
It indicates the strength of the buyers and a high chance
of a further bullish trend continuation.
I think that the pair will reach 119.0 level soon.
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Intraday Trend Analysis - CADJPY, GBPUSD & AUDUSDToday, we're analysing CADJPY, GBPUSD, and AUDUSD.
Key Note: Price is the leading indicator and reflects trader perception. We use price structures/wave structures to determine high probability price directions in the short, medium, and long term.
CADJPY:
Bullish trend continuation after a structural reversal.
Look to buy after every pullback above 117.50.
GBPUSD:
Intraday downtrend.
Strong momentum high yesterday.
Sharp rejection during the New York session.
Expect price to trade below 1.2620 after a correction.
AUDUSD:
Strong downtrend.
Directional bearish wave structure.
Look for a correction to break above wave structure 4 before shorting.
High probability of a new momentum low below today's current low.
CADJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Red Color Lines) in 4H and look for possible again (if possible ) in the same direction again
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA ReEntry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
CADJPY - 4hrs ( Sell Trade Target Range 240 PIP ) ☑Pair Name : CAD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
✔️Bearish Reversal
117.600 Area
reasons
- Major Choch Zone
- Visible range hvn
- Counter Trend
- Mjaor Channel Upper band
- weekly Hvn
- Fbio Golden Zone
✔️Bullish Reversal
115.200 Area
Reasons
- Major Turn level
- VIsible range Hvn
- Pattern Target
- Quarters Area
- Trend Line Area
- Choch / D
CADJPY 4hrs Bearish DivergenceThere is bearish diergence on 4hrs time frame, after red candle we can short till Tp1 and Tp2 points.
Manage your risk accordingly.
Forex Price analysis - GU, AU, UC, UJ and CJWelcome to this week's Forex Price Analysis for the week starting June 30, 2024. We're analysing GBPUSD, AUDUSD, USDCAD, USDJPY, and CADJPY.
GBPUSD:
The bullish wave structure is broken.
High probability sell at 1.2654 targeting 1.2612.
AUDUSD:
A bearish wave suggests a buy at the low.
A strong rally on Friday.
Prefer buying after a correction to the 0.6640 buy zone.
USDCAD:
A bearish move on Friday indicates a revisit to 1.3734.
Expect lower prices to 1.3627 before buying.
USDJPY:
Strong uptrend last week.
Bullish wave failed; trend change pattern with a corrective wave in Fibonacci sell-zone.
Trade below 160.70 suggests further decline.
A break above 160.96 negates selling.
CADJPY:
Similar to USDJPY.
Potential downside after Thursday's high.
A strong break of the high on Friday suggests an uptrend continuation.
A break below 117.43 indicates a selling opportunity after a pullback.
CAD_JPY WILL KEEP GROWING|LONG|
✅CAD_JPY is trading in an
Uptrend and the pair made
A bullish breakout of the
Key horizontal level of 117.310
And the breakout is confirmed
So we are bullish biased and
We will be expecting a
Further move up
SHORT🔥
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CADJPY bearish move CADJPY has is forming an ending diagonal which is a reversal pattern to complete corrective wave B. We anticipate a long term sell, to complete wave c of the corrective wave 4.
Japanese Yen Losses Draw Suspected Intervention After BoJ OutlooThe risk around Friday's US non-farm payrolls number is to the downside and sales of
USDJPY
and
CADJPY
are likely to be the most interesting and more rewarding trades in this scenario, according to Spectra Markets' Brent Donnelly.
"I don't think there is a major skew to FX or bond positioning going into NFP. Both USD bulls and USD bears continue to dabble tentatively, and then get rinsed. Over and over," said Donnelly, president at Spectra Markets and a veteran FX trader.
"With big picture carry momentum halted by the MXN move, and yields already softening substantially this week, the downside in CADJPY and USDJPY on a weak release are most interesting. CADJPY looks 200 points too high to me," he added.
Donnelly says the rise in initial unemployment claims revealed in the Department of Labor's weekly reports during May and falls in job openings highlighted by recent Bureau of Labor Statistics JOLTS surveys, imply a soft payrolls number on Friday.
Consensus is looking for non-farm payrolls to rise 185,000 for May on Friday, up from 175,000 in April, but Donnelly says this positive skew is surprising in light of survey data pointing toward a softening of the labor market over recent weeks.
"I would think the exact opposite makes sense and a 4.0% unemployment rate is much more likely than 3.8%," Donnelly said.
USDJPY
was quoted 0.21% higher around 156.24 on Thursday while
CADJPY
was 0.09% higher around 114.02.
CADJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
* Every trade has a possibility to change its direction
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA ReEntry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
CAD/JPY Bullish Breakout: Navigating Strong Upward MomentumFollowing a solid breakout above recent resistance levels, CAD/JPY is demonstrating strong upward momentum, underscored by a well-established ascending trend line. The pair is currently setting its sights on the 118 level, a move fueled by robust trading volumes and bullish sentiment. This chart provides a technical analysis of the ongoing trend, focusing on key resistance-turned-support points and potential future trajectory. Traders should watch for continued support along the ascending trend line, which could play a crucial role in sustaining the upward movement. Keep this pair on your radar as it approaches the critical 118 level, signaling potential opportunities for bullish entries.
CADJPY - Sell StopCADJPY is near to it's all time high and chances are a strong bearish trend.
The divergence shows the momentum of bulls is declining. We still do see bullish candles but if the please starts breaking previous lows, it will continue to push down.
The order may cancel if the price continue bullish move.
CAD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
Previous week’s green candle means that for us the CAD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 115.219.
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CADJPY-SELL strategy 4-hourly chartThe pair seems at lofty heights, and I feel we have a good chance to see proper correction. The stochastic is positive but high up, and we are trailing the GANN. support, and in fact almost mimicking it, which is rare.
Strategy SELL current @ 117.00 and place SL above 117.80 or financial stop of your choice. Profit order @ 115.47.
CADJPY Trading Plans (Post Inflation)We have seen a further rally since the odds of cutting did not drastically change post CPI in Canada.
We know BOJ is potentially looking at intervention, just as before.
1) We are hitting where we feel previously and larger orders came in the Market. This gives us a technical short area.
2) Sentiment is the same in regards to the above.
3) Risk management (sizing should be low) due to the inherent nature of JPYs over recent history to swing.
CADJPY BearishCADJPY has formed divergence as well as the rising wedge pattern indicating probable reversal of trend.
Sell CAD JPYcadjpy is flowwing bullish trend and making HH, but RSI showing downtrend and making bearish divrgence, if the given point is break we can sell the intrument and make some good profit, what do you think guys.
CADJPYCADJPY price is near strong resistance level. 116.883-117.424 If the price cannot break through the 117.424 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
