Pay close Attention how the algorithm books price on CADJPYThese are algorithmically calculated price points, it took tons of ICT study getting to this confidence
CADJPY trade ideas
CADJPYCADJPY is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
CADJPY short move
Price is to rise toward our bearish order block of 110.201 a pullback resistance that aligns with the 38.2% Fibo retracement. A reverse from this point could lead the price to fall to 1st support at 109.062.
If price breaks above the pivot, it could rise to 1st resistance at 110.396, a swing-high resistance level
CADJPY the idea of a short For over two weeks of closely monitoring high market purchases, it is evident that the price struggles to breach the support level. This suggests that a limit seller may be taking a short position. Considering the current price position, entering into a position now may offer favorable risk-to-reward conditions.
The strategy involves securing the position and trailing the stop-loss behind points 2 and 4. The target allocation is as follows:
25% at point 1,
25% at point 3,
50% at point 5.
This allows for a balanced approach to risk management and maximizing potential profit. Under these conditions, we can confidently move forward, effectively managing risks and capitalizing on the opportunities presented by the market.
CADJPY SHORT RANGING TRADE Expecting a SHORT-ranging trade, currently observing market consolidation around daily resistance. Planning to establish support and resistance areas on the daily chart.
Additionally, found a double top pattern on the 1-hour chart with a neckline break; considering a trade on the retest.
Entry 110.12
Targets 109.72, 109.55 109.28 and 109.01
CADJPY: Pullback From Key Structure 🇨🇦🇯🇵
CADJPY may drop from a key daily horizontal resistance.
The price formed a double top on that and violated its neckline.
Goals: 109.86 / 109.6
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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 !
CAD.JPYYou can see from the Canadian dollar to Japanese yen currency pair in the weekly time frame that the price is in an important resistance area. If we see price resistance this week, we will have the possibility of strengthening the yen, and the target is at least 500 pips and the loss limit. It should be above the last climb.
CADJPY: Consolidation Continues 🇨🇦🇯🇵 📉CADJPY is currently in a phase of consolidation, moving within a sideways trading range.
The price is currently attempting to break through the upper boundary of the range, but I anticipate a reversal from that level.
My target levels for the market are 109.69 and 109.10. ..Trade safely 👍✅
CADJPY Scalp ShortI see a nice short opportunity on CADJPY. Took the previous day high, and then a market structure shift to signify the start of a downtrend.
i will be expecting a short on CADJPYAs you can see there was a sweep in equal highs liquidity areas and now expecting the short since the market has tapped on the daily Order block. use proper risk management
Lingrid | CADJPY long from SupportThe price perfectly fulfilled my last idea. The market went up from support after a double test. FX:CADJPY bounced off the border of the channel. The market formed the range zone. I am waiting for the price to go down to the support level, then potentially breakout and move higher. The long-tailed bar at the resistance formed on the weekly timeframe suggests that the market may update and swing high. My goal is the resistance zone at 111.500.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CAD-JPY Risky Long! Buy!
Hello,Traders!
CAD-JPY went down just
As I predicted but will soon
Retest a rising support line
From where I think we will
See a local bullish correction
Buy!
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Check out other forecasts below too!
CADJPY: Bullish Continuation is Highly Probable! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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CADJPY - Look for taking liquidity ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in an accumulation phase, so I expect we can see AMD pattern, price firstly to take buy side liquidity and then to distribute lower for sell side liquidity.
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cadjpy buynice entry might have been missed but cadjpy is still rising and will most likely take out those highs, look for any buys
CADJPY SHORT 02/02/24after retesting peak , pair is heading downward . again at this stage is on fibo retest mode.
usdjpy cadjpy nzdjpy all are heading downward. going short at another high would Gem
cheers,
CADJPY longLooking long at this point. Another high expected. Sl in mind going long. Usdjpy is on rise, could see this pair following major stream.
CADJPY Will Go Down! Short!
Take a look at our analysis for CADJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 109.535.
The above observations make me that the market will inevitably achieve 108.510 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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