CADJPY - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
CADJPY trade ideas
CADJPY Will Move Higher! Long!
Here is our detailed technical review for CADJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 110.317.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 110.600 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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✅CAD_JPY RISKY LONG🚀
✅CAD_JPY is going down to retest a horizontal support around 110.200
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 110.600
LONG🚀
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CAD/JPY Buy Signal TP 110.70Expecting a CADJPY pull back to 110.70. Tuesday was a bearish day... With no solid correction towards the end of day. The bears who sold yesterday, will be looking to close and secure their profits. Hence the the expected pull back. Happy trading ;))
CAD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are going long on the CAD/JPY with the target of 110.927 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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CADJPYI already got my entry here at 110.756. I am looking to re-enter at 110.692 while i take partials at 110.520 and hold running till 110.134.
Check comment for 5min for entry criteria.
CADJPY DOWNPrice hit the FVG area and is coming back down to break structure and create more strength to the downside
Short CADJPY...After false breakout above 111.00 level, Canadian dollar will weak and send CADJPY under 107.00
Trade safe.
Good luck.
cadjpyafter the liq on 30m time occours then we must see the price to the upside we just need to force with buyuing no selling look on my anlyis
CADJPY Will Go Down!CAD-JPY retested the
Broken rising support line
And is now making a pullback
So I think that it will go
Even further down !
The Canadian Dollar/Japanese Yen symbol will move higher when itThe Canadian Dollar/Japanese Yen symbol will move higher when it hits the entry point OANDA:CADJPY
CADJPY BUY | Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity CADJPY
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Cadjpy Short Trade Setup CADJPY SELL cadjpy is looking for the bearish trend and 110.80 is looking good retest level and we can add our short position here
if we talk about the weekly trend then weekly trend will be go down with strong Candlestick formation
CADJPY RISING WEDGE BREAKOUTThe CADJPY has recently confirmed a bearish breakout from a rising wedge pattern. This breakout follows a prolonged period of strong bullish momentum. With this bearish setup confirmed, we anticipate a retracement in price. Furthermore, a significant supply level has formed at the peak, suggesting increased selling pressure may ensue.
CADJPY WEEKLY FORECASTMoving down to the 1 Hour timeframe, we see price has begun moving into the Kumo and to the far right, we see the Kumo has begun pointing down but it is still green which leads me to believe that price is still Bullish but Retracing.
CADJPY WEEKLY FORECASTMoving down to the Daily timeframe, with the Ichimoku overlay, we see price is retracing but I have shaded the Buy Stops that are resting above the past weeks' highs.
ICHIMOKU WEATHER REPORT: Weekly Forecast.I forecast CADJPY long this week. Using ICT Concepts, I think it probable that price will move lower initially, perhaps the first part of the week in order to fill fair value gaps that can be seen on the 15 minute timeframe.
CADJPY: Next stop the monthly falling trendline?There's not much in the way of this move from what I can see.
Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed.
I'll be looking for sells around 115 with any LTF confirmation, but until then I'm going to be doing some long scalps not that local resistance has been broken and retested.
CADJPY NEUT-price is floating withing the TL
-no clear direction
-would be interested in shorts at the UTL
-weary of longs as if it reaches purple zone ill question strength of bulls
CADJPYThe cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar. Further, the 'Loonie' - as the Canadian Dollar is known - is affected by oil prices because of Canada's energy exports.
CADJPY - back to basicsKeep it simple, back to basics.... whatever you want to call it, this chart is saying everything we need to know. A series of LH and LL or a break of structure - either way the message is clear.
You can go short right away, or on break of trendline or the s/r zone - depends on your trading style/risk tolerance.
Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
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