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Canadian Dollar / Japanese Yen

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CADJPY trade ideas

Trade recap and analysis - CAD/JPYTrade what you see not what you think! We had a nice sell today on the CAD/JPY, this trade was accelerated by the CPI news and the CAD Monetary policy news. The outlook now is bullish based on the wave structure count on the H4 chart. The price has now printed a momentum high 1 (Resistance) followed by a structural point 2 (Support); which is a buy point. Using the Fibonacci retracement tool as a guide for our Buy-Zone, we believe that the retracement is valid and buying now is a high probability trade. Targets: 112.22 & 112.56 SL: Below 111.40
Long
by Charts247TradingAcademy
1
Why I Think CADJPY Will Continue to SellHey Rich Friends, Happy New Year! The second trade I will be taking this year will be a sell for CADJPY. Anything could happen during this NFP Week but here is what I am looking at: - The most recent candle has rejected the previous supply area - The momentum indicator is facing down - The slow line (orange) is above the fast line (blue) on the stochastic Additional confirmations to look for: - Wait for the stochastic to cross below 80 - Wait for the momentum indicator to be negative - Wait for break of structure on the downside TP will be set at 100 and 200 pips from SELL LIMIT entry! It is still NFP week so remember to check the new and only enter a trade if it makes sense to you. Peace and Profits, Cha
Short
by MoneyMantraCha
2
CADJPY FALL IS COMIN????I'm back, Finally, let's jump in. Lookin at the data provided by the economic news portal, there's a potential that Canada will continue to weaken against the Yen. This was also confirmed with the closing of the weekly CADJPY, which shows there's a rejection after the bullish rally and was supported by the strength of the Canadian economy previously. But hey, things change , and it'll always happen, as the unemployment rate is worsening in Canada while Japan's economy remains balanced .  . Entry could possibly be taken at the OTE . I use the 4 hour chart to draw the highs and lows of the weekend. If you want to take the entry, make sure to take it responsibly and manage your risk well . . . Stay Safe X.CO
by Eirxco