CADJPYCADJPY just entring into the berish trend breaks last HL and made going to make first LL.
Bearish divergence also shown in RSI.
We short at CMP.
CADJPY trade ideas
CADJPY: Bearish Divergence Warns of Trend Reversal📉 Overview:
CADJPY, previously bullish, now shows bearish divergence on the 1-hour timeframe, forming its first lower high. With a strong 90% short market sentiment, there is significant support for an anticipated bearish reversal.
📊 Technical Analysis:
Bearish divergence and the formation of a lower high suggest a potential shift from bullish to bearish.
📈 Market Sentiment:
At 90% short sentiment, substantial support for the expected bearish reversal is evident.
📉 Trade Strategy:
Consider short positions, aligning with the bearish signals, and anticipate further downward movement.
🛑 Risk Management:
Mitigate risks with effective stop-loss orders to safeguard capital.
📈 Conclusion:
CADJPY offers a concise opportunity for a bearish trend reversal, supported by bearish divergence and strong market sentiment. Monitor for confirmation and adjust positions accordingly.
CADJPY above support area, 200 pips upsideCADJPY
The price is moving in a parallel channel, and price is also above the support area, as long as price stays above the Support, I expect the price to move higher....
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
CADJPY is looking good to enter into bearish phasewith bearish divergence and making double bottom bearish pattern once it break its neck line we can see a descent bearish phase
price action on resistance levelprice is at a daily resistance zone 'that has been tested multiple times and all liquidity hasd been swept on 1h frame then price came to mitigate the same zone ' so definitely goin down from here
CADJPY-Bearish Reversal1.Divergence on RSI
2. Divergence on MACD Histogram and MAs
3. Followed by Divergence, Convergence on RSI
4.0 Three candle Bearish pattern
5.0 Seller bias
CADJPY: Bearish Continuation & Short Signal
CADJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADJPY
Entry Point - 110.80
Stop Loss - 111.12
Take Profit - 110.09
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
CADJPY Massive Short! SELL!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 110.85
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 109.85
My Stop Loss - 111.5
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CAD/JPY SHORT FROM RESISTANCE
Hello,Friends!
CAD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. 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 109.775 area.
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CadJpy buysCadJpy broke a major resistance zone. HHs and HLs suggests the market is bullish. Given the current bullish momentum on the H4 could lead the market heading up. A retest of the current support level with rejection candles and other confluences would give an opportunity to buy.
Canadians feeling stressed when they deal with Japanese!!Canadian Dollar Japanese Yen traded at 110.6680 this Monday February 12th, decreasing 0.2697 or 0.24 percent since the previous trading session. Looking back, over the last four weeks, CADJPY lost 1.94 percent. Over the last 12 months, its price rose by 11.42 percent. Looking ahead, we forecast Canadian Dollar Japanese Yen to be priced at 111.2592 by the end of this quarter and at 112.3501 in one year, according to Trading Economics global macro models projections and analysts expectations.
CADJPY!! 12/2/2024 BUY signal support zone⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
CAD JPY is in a nice rising trendline, trading stably on the EMA lines, touching the nearest support zone, setting up a BUY signal.
⭐️ SET UP CADJPY PRICE:
🔥BUY zone: 110.450 - 110.300 SL 109.800
TP1: 110.700
TP2: 111.000
TP3: 111.300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
CADJPY to 2007 resistance levelsStarting from March 2021, there has been a notable uptrend movement in the stock prices, breaking the price level of 84.7 and reaching a peak of 111.2 in September 2022. Following this, a correction occurred, forming a double bottom pattern within the range of 94.4 in March 2023, and now the prices have returned to the previous range of 111.2.
At present, we are encountering a significant historical resistance level, previously reached in 2007 around 116.5, followed by 125.7.
As a result, we remain in a long position but expect a short-term sideways movement. However, if the prices drop below 104.5, our position will change, and we may experience a short-term downtrend.
However, it is important to consider the risk-to-return ratio before taking any position. Assessing the potential risk and potential reward is crucial in making informed trading decisions.
It's worth noting that the analysis provided is based on the information given and assumes the accuracy of the mentioned technical indicators. However, market conditions can change rapidly, and it's always important to conduct comprehensive and up-to-date analysis before making any investment decisions.
CADJPY going into bearish trend after bearish divergenceCADJPY is changing it's bullish trend to bearish trend. There has been a bearish divergence on the charts. Selling at this level and setting the stop loss above the high of bearish divergence.
⚡️CADJPY CMC TRADING ⚡️ RISING WEDGE & MAJOR SUPPLY ZONECADJPY is currently situated within a significant supply zone, raising the possibility of a potential reversal. Notably, the price has formed a robust rising wedge pattern, further bolstering the potential for a bearish breakout along the lower boundary. Confirmation of a breakout on the structure could pave the way for a substantial bearish trend on this currency pair.
CADJPY Trade IdeaMy forecast for this pair is Long, however, breaking the previous highest is also hard - as the RSI is in oversold part over 70. Thus, the short is also possible if the resistance is not successfully retested. lets see what happens. Good luck for all!
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CADJY... Bearish divergence in actionCADJY showing a bearish divergence ....the break of higher low can trigger a sell trade with mentioned tragets
Cad - Jpy Two entry I will haveIn other words, we have a choch (change of character) until the 4 hour time frame, which means the pair's direction will change. I'm planning to sell, and I'll have a few entries—one that opens a few positions in case the picture entry doesn't materialize—because, you know, that doesn't happen every time you collect that liquidity that's up.
I will attempt to utilize this position with one positive plus on my FTMO ACC at the beginning of the week.
The USD/CAD pair had the identical setup and entry point last week, but the news didn't influence Cad's trajectory, thus it fell into our trap.
Our goal is to rectify the situation this weekend so that we can begin with a strong positive score.
I should note that after TP1 is reached, I usually make a 70% profit by moving my stop loss to break even.
I prefer taking a daily 0.5% rather than chasing for a 4% and risking it all, although sometimes even 100%
CADJPY BUY IDEAThis setup I posted on the 8th of Jan and it hit TP it the T!!! I will link the previous post to this one
Chart pattern on H4 looks like bullish flag pattern
If market moves in bullish direction and break the H4 level wait for retest on 108.334 and bullish structure continue go long
1/5 Ratio Trade
If you are interested in my setups and would like to learn my strategy and how I see the markets, hit me up in the comments
CADJPY: TECHNICAL ANALYSIS.Hello traders,
Wave 4 has probably ended at 108.818 zone. Wave 5 is aimed at getting to 112.650 zone.
Thanks.
