CADJPY LONGWith the CAD showing strength and the yen weakening, there's a high likelihood of a continued upward trend, potentially reaching a target of 112.199, only if the price retest the previous high.
CADJPY trade ideas
CADJPY Will Go Lower! Sell!
Please, check our technical outlook for CADJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 111.143.
Taking into consideration the structure & trend analysis, I believe that the market will reach 110.599 level soon.
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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CADJPY - SellSell CADJPY when it breaks 110.782. It will most likely go bearish if it reaches that level.
I'll take two trades of 1% of equity each setting TP as 1:1 for one trade and 1:2 for the other trade.
When I hit TP1, I'll set the Stop loss of other trades as the Sell Stop level to make the other trade risk-free.
CADJPY IS IN BEARISH TREND CADJPY is printing bearish divergence on 1H time frame my trade plane is very simple when it break previous higher low i will take entry with stop loss of previous higher high
CADJPY - Top-Down Analysis 📹 From Daily To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #CADJPY.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
CADJPY → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up levels for BUY . CADJPY long from Support
! Great BUY opportunity CADJPY
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CADJPY H4 | Heading into resistanceCAD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 110.313 which is a pullback resistance that aligns close to the 61.8% Fibonacci projection level.
Stop loss is at 111.150 which is a level that sits above the 100.0% Fibonacci projection level and the swing-high resistance.
Take profit is at 109.029 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
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BIG ONE short positionThis is a very strong swing from 2023 and in this area due to my personal strategy that includes volume and control points.please mange your risk and watch after CAD news
CAD-JPY Risky Short! Sell!
Hello,Traders!
CAD-JPY was going up
But has hit a horizontal
Resistance of 111.111
From where I believe
We will see a local
Bearish correction
Sell!
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CAD/JPY Cup & HandleOn the 30 min time frame we have a potential cup and handle pattern shaping up.
Currently the majority of traders have been short on this market for the past days and currently 72% of traders are selling. In combination with the price moving upwards, this creates a bullish indicator.
CADJPY - 4hrs ( Buy Trade Target Range 400 PIP ) 💵Pair Name CAD/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
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Bullish Break
110.000 Area
Reasons
- Monthly Turn level
- Patter / choch Area Break
- Channel Middle Band Break
- Fixed Range Poc Area
- 3Q High Break
- Q High Break
- M High Break
Bearish Reversal
115.000 Area
Reasons
- Major Turn level
- Pattern Target
- Fibo Golden
- Y H Area
CADJPYCADJPY is in strong Bullish trend potentially printing HH and HL.
Buyers are strongly Active.
No sign of trend reversal here.
We buy at CMP.
CADJPY CUP AND HANDLE PATTERN Greetings, fellow traders, and welcome to our analysis! I trust your trading week is off to a splendid start.
Today, our focus turns to CADJPY, where an intriguing Cup and Handle Pattern is forming on the daily chart. If you're eager to delve deeper into the world of Cup and Handle patterns, feel free to enhance your knowledge by clicking here: (). But be sure to return here for the rest of this analysis!
Observing the price action, we spot a distinctive double bottom with a Low Cup at 104.247. At present, the price is positioned below the Breakout level at 110.624, and keen-eyed traders will note the ongoing development of the handle phase.
When the awaited breakout materializes at 110.624, we'll spring into action and execute the trade, securing our stops just below the previous low pre-breakout. Our sights are set on the first target zone: 62% at 120.845 and 79% at 123.620.
And that's not all – keep your trading antennas finely tuned, as additional setups may converge on smaller timeframes, further enriching our trading landscape.
Remember, trading is an ever-evolving journey. Stay vigilant, stay informed, and, most importantly, stay tuned for more exciting developments in the world of trading. Happy trading, everyone! 📈📉🚀
CadJpy- Break of resistance and new highs are expectedAfter the dip and the double tap in 104 support back in December, CadJpy started to rise again and resumed its long-term bull trend.
Now the pair is trading back to important 110 zone resistance and a break up seems imminent.
The recent dive under 109 was quickly reversed, which also adds to my bullish perspective.
In conclusion, as long as the recent low is not violated, I expect an up continuation and CadJpy could rise towards 115 in the medium term.
For shorter term traders, 112 is also a good target with 1:2 risk:reward
SELL SELL without stop loss
SELL without stop loss
SELL without stop loss
SELL without stop loss
SELL without stop loss
CADJPY Short Scalp IdeaI spotted a nice trade according to my usual rules. Here are some confluences that influenced the trade:
1. A recent close of a market maker model may indicate that large players might want to start taking profits from their positions, therefore this is a good confluence for a reversal.
2. I really like the fact that the target liquidity is a good distance away, giving the price a lot of room to fly.
3. A market structure shift may signal the beginning of a trend change.
4. There is a fair value gap that precedes the market structure shift, which shows just how strongly the price wants to reverse.
sell limit cadjpysell limit cadjpy, levels on teh chart.imbalance, FVG, Discount zones and order blocks
cadjpy-Previous Day candle closed Bearish. If we are looking for buys we will take on until resistance formed on 14th nov 23 and TP 2 until 13 Nov 23.
- If we are looking for sells we take on 01 feb 24 and TP 2 until 03 Nov 23 support.
- Wait for 1 hour candle to close above or below zone.
-We risk 3% of our capital. Close trades once price reverses to opposite direction and 1 hour candle closes below/above order Block.
#CADJPY → Movement in the ascending channelIn time h4, it is moving in an upward channel, which is currently in the supply zone. If the area breaks upwards, it will be able to reach the ceiling of the channel, otherwise, if it faces a negative reaction, with a shorter ceiling, you can enter a sell position until the bottom of the ascending channel.
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Forecast: CAD/JPY Pair Poised for Bearish MovementDear Traders,
I anticipate a bearish turn for the CAD/JPY pair this week, backed by thorough technical analysis. While I lean towards technical indicators, fundamental factors also support this outlook.
My analysis suggests downward momentum for CAD/JPY, as various indicators point to a potential pullback from recent bullish trends.
Stay vigilant and employ risk management strategies in your trading decisions.
CAD/JPY BEST PLACE TO SELL FROM|SHORT
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 8H 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 108.688 area.
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✅CAD_JPY BEARISH BIAS|SHORT🔥
✅CAD_JPY is already making
A pullback from the
Horizontal resistance of 110.374
And as we are locally bearish biased
We will be expecting a
Further move down
SHORT🔥
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CAD-JPY Local Short! Sell!
Hello,Traders!
CAD-JPY went up to
Retest the horizontal
Resistance level of 110.373
From where I think we
Will see a local
Bearish correction
Sell!
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