CADJPY trade ideas
113.273 AS A BUY BUY PRICE OFFER!!!!The Second quarter of the year is over! What’s that summary of price action so far?
Well… price remained bullish. JPY keep weakening.
In all, if price is offered at 113.273, a buy opportunity is expected to occur .
Keep a close watch
CADJPY is in bullish trendwith no divergence and making new HH the pair is retracing to some extent for a decent bullish phase
CADJPY: One More Bullish Yen Pair 🇨🇦🇯🇵
CADJPY looks very strong, after a test of a key support.
The price formed a double bottom pattern and broke its neckline.
With a high probability, the market will reach 115.0 level soon.
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CADJPY Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for CADJPY is below:
The price is coiling around a solid key level - 114.97
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 114.10
My Stop Loss - 115.51
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
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WISH YOU ALL LUCK
CAD/JPY SHORT FROM RESISTANCE
Hello,Friends!
CAD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 111.438 area.
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CADJPY Buy signal initiated. Channel Up intact.The CADJPY pair extended the Channel Up flawlessly and hit our latest Target (April 02, see chart below):
The price is now breaking above the short-term Ascending Triangle, which within the long-term Channel Up has always issued a buy signal after the price approached the 0.382 Fibonacci retracement level. The immediate Target on both previous break-outs has bee the -0.382 Fib extension.
The 1D RSI is also posting that pre break-out consolidation. As a result we turn bullish again on this pair, targeting 116.500 (slightly below the -0.382 Fib).
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CADJPY LONGCADJPY has decided to be generous, and we appreciate the opportunity to make some money and pay our bills.
CADJPY-Breakout Sparks Upward Momentum: Wave (3)/(C) in FocusHello Traders,
Here is my analysis of CADJPY currency pair.
The pair was confined within a sideways price action channel, characteristic of the corrective wave phase. Subsequently, it has broken out of this channel.
What to Expect:
We anticipate further upward movement, progressing through the sub-waves of wave (3)/(C). The projected target for this upward wave is a minimum of 116.006.
These indicators suggest a strong potential for continued upward momentum. I will closely monitor the price action, as the breakout from the price channel has increased my confidence in the persistence of the upward trend.
What are your expectations on this pair?
CADJPY: Important Breakout 🇨🇦🇯🇵
CADJPY broke and closed above a key daily structure resistance.
It is an important sign of strength of the buyers.
Bullish rally will most likely continue.
Next goal - 115.8
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Updates - USD/JPY, GBP/USD, CAD/JPY, USD/CAD, NZD/USD & AUDUSDTrade analysis and update on the state of play of the following currency pairs: USD/JPY, GBP/USD, CAD/JPY, USD/CAD, NZD/USD & AUDUSD.
CADJPY nearing the key 61.8 Fibonacci levelIntraday Update: The CADJPY is nearing the key 115.10 resistance, despite the brief new trend high, the risk is a rejection of the 61.8% Fibonacci retracement just above.
CADJPY4hr zone currently being tested. Price broke out and tested trendline where a 4hr bullish candle formed. Target shown on chart
CADJPY - Bullish Trend ContinuationFX:CADJPY continues its bullish trend creating higher highs and higher lows. Expecting the bullish trend to continue!
CADJPY: Classic Bullish AccumulationCADJPY is currently experiencing an upward trend on a 4-hour chart. The price has created a pattern known as an ascending triangle, with 114.85 acting as a key resistance level.
I anticipate that the next significant movement will occur once the price breaks above the highlighted blue area. Confirmation of this breakout will come with a 4-hour candle closing above the area.
If this bullish breakout occurs, I expect the price to continue rising towards the 115.94 level.
CAD-JPY Bullish Bias! Buy!
Hello,Traders!
CAD-JPY is trading in a
Bullish triangle pattern
And as we are bullish
Biased so IF we see
A bullish breakout then
We will be expecting
A further move up
Buy!
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Check out other forecasts below too!
CADJPY BREAKOUT ON RESISTANCE IDENTIFIEDCADJPY has confirmed a bullish breakout above the established resistance level. With this breakout, we may see a continuation of the rally towards 115.350. A long position can be initiated with minimal risk, aiming for the target of 115.350.
✅CAD_JPY BULLISH SETUP|LONG🚀
✅CAD_JPY is trading in
Uptrend and the pair
Has formed a bullish triangle
Pattern so IF we see a
Bullish breakout the we
Will be expecting a
Further move up
LONG🚀
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Cadjpy sellAccording to me the quarterly Theory has Four Quarters per month as you can see from the above every month has 4 weeks we are now on week number three and that means that we are expecting the market to start distributing on week number four so for me for the remaining of the month you were expecting to be bearish on this pair
CADJPY BullishCADJPY has formed an ascending triangle continuation pattern which indicates further upside in price action.
Buy CADJPY Triangle BreakoutThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a triangle pattern.
Possible Long Trade :
Entry: Consider entering a long position (buying CAD/JPY) above the broken resistance trendline of the triangle after confirmation. Ideally, this would be around 114.40 or higher if the price continues to rise.
Target Levels:
115.00: This represents the height of the triangle, measured from its apex (highest or lowest point) to the breakout point, projected upwards from the breakout point.
115.23: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order below the broken resistance line of the triangle, ideally with some buffer around 114.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you.
CADJPYLooking for a sell opportunity in CJ.
Reason to sell:
forming double top in both 1H and 15 minute charts.
Use proper risk management.
Thank you
