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CADJPY trade ideas

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. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
CADJPY - 4hrs ( Buy Trade Target Range 400 PIP ) 💵Pair Name CAD/JPY Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Long ) Mid Term Type : Mid Term Swing —————————— 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
Long
by GoldenEngine
1
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! 📈📉🚀
Long
by TradeChartPatternsLikeThePros
6
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
Long
by Mihai_Iacob
2
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.
Short
by UnknownUnicorn46588180
2
#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. ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.
by alikze
CADJPY H4 | Bearish reversalCADJPY is rising to a pullback resistance, from there it could potentially reverse to the take profit level. Sell entry is at 110.300 which is a pullback resistance. Stop loss is at 111.084 which is a swing-high resistance. Take profit is at 109.117 which an overlap support that aligns with 23.6% Fibonacci retracement and 78.6% Projection level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
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.
Short
by Darvas_UA
1