cadjpyhopefullythis serves as a reversal confirmation.
sellers have been rejected on a daily low buyers are stepping in
CADJPY trade ideas
CADJPYMissed out on the long grind to present level. I have interest on this pair as price is yet to meet Price Objective (PO) for chart pattern + Trendline + D1 FVG area (confluence) as price has touched level briefly before continuing to the upside.
I expect to see a pull back after this drop and look out for SHORT (scalp) opportunities to the downside and eventually PO in the short term. Though overall market trend is Bullish but could it be a Reversal print?
CADJPY - 4hrs ( Sell Trade Target Range 180 PIP )☑️Pair Name : CAD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Retest
114.500 Area
Reasons
- Major Turn level
- Pattern Retest
- Day / week low Break
- VisibleRange Hvn
- inner counter Trend
Bullish Reversal
112.800 Area
Reasons
- Major Turn level / W
- Pattern Target
- Choch Zone
- Fixed Range Hvn
- Quarter High Area
- Major Channel Middle Band
short now long laterThis market is amid market correction or correcting the markets imbalances that were previously created. This market will fool most into thinking that it is shorting but I suggest take the sale until the reversal seen here. The chart has revealed a soon to be inverese bullish flag pattern. The market has rejected beautifully off of the nearest QP (quarter point) as well as has remained in an upward trend on the higher timeframes. The market has failed to break or need to break the daily low as well as has continued making higher highs. Take the shorts but be aware of the imbalance candles. There is a 4 hour retest noted that would turn into TP 1 if ignored.
CADJPY relentlessly bullish - going towards multi-year highsIchimoku Kinko Hyo is a complete trading system and I will be using it a lot more than I have been. Here are my reasons for continuing to be bullish on this pair:
Tenkan sen (Conversion Line) thick blue crossed over Kijun sen (Base line) red line.
Price – holding above the Kumo cloud
Chikou Span (Lagging Span) black line is holding above price and the cloud.
Kumo Cloud now – green color indicating bullish bias.
Kumo Cloud future – green color indicating bullish bias.
Thursday candle - hammer
For stop, I will be trailing it below the Kijun sen.
Target should initially be just below the recent (spike) multi-year high at 117.330.
My trade idea is 1 day late, should have taken a long trade on Fri after the hammer candle but I did not see it. Pull backs usually happen and a nice big pull back would be very welcome as it would give a better entry.
This is not a trade recommendation.
Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades.
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CADJPY: Bullish Outlook Explained 🇨🇦🇯🇵
CADJPY is trading in a bullish trend on a daily.
Last week, the price set a new higher high higher close,
violating a strong horizontal resistance.
The market opening turned out to be bearish.
The pair is currently testing a contracting demand zone
based on a broken structure and a solid rising trend line.
I think that the market may resume the growth soon.
Next resistance - 115.8
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CADJPY is looking good to continue the bull trendthe pair is currently making retracement so we can find descent entry by applying fib channel moreover there is no divergence which is a good sign for a bull trend
Long Tradethe price has started its bullish run. the price made a huge pullback last week and now has created a higher high
The #1 Last Step To The Rocket Booster Strategy - ExplanationDo you remember that extra step in the rocket booster strategy?
The rocket booster strategy has 3 powerful steps but the
last step in the strategy is a very important and potent one.
THE PRICE HAS TO GAP UP
This is why on this chart we are using the PAR to help
us indicate a level of performance for the rocket booster strategy
to show us the power of the last step
to learn more about the rocket booster strategy check out the references below
also rocket boost this post to learn more.
Disclaimer: Trading is risky you will lose money wether you like it or not so please learn risk management.
CADJPY Resistance Breakout At 115.289 03.05.2024- Resistance breakout at 115.289 on 1hr CADJPY chart.
- If breakout holds, high probability of rising to 115.636.
- If 115.636 is broken, further upward movement likely.
- If breakout fails, high probability of dropping to 115.016.
- If 115.016 is broken, further downward movement likely.
- Apply risk management
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
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cadjpy is bullish in long termcadjpy has already gone out of its triangle and completed its publlback and headed toward its target @161% fibo level .
we are following the pair movement in lower time frame to enter long positions on pullback toward 142.5
BULLISH SENTIMENT! Price may buy from 114.850 level of price is offered once more! A buy opportunity ( by limit) is envisaged once price trades back to that level
113.273 AS A BUY BUY PRICE OFFER!!!!The Second quarter of the year is over! What’s that summary of price action so far?
Well… price remained bullish. JPY keep weakening.
In all, if price is offered at 113.273, a buy opportunity is expected to occur .
Keep a close watch
CADJPY is in bullish trendwith no divergence and making new HH the pair is retracing to some extent for a decent bullish phase
CADJPY: One More Bullish Yen Pair 🇨🇦🇯🇵
CADJPY looks very strong, after a test of a key support.
The price formed a double bottom pattern and broke its neckline.
With a high probability, the market will reach 115.0 level soon.
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CADJPY Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for CADJPY is below:
The price is coiling around a solid key level - 114.97
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 114.10
My Stop Loss - 115.51
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
CAD/JPY SHORT FROM RESISTANCE
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 1D 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 111.438 area.
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CADJPY Buy signal initiated. Channel Up intact.The CADJPY pair extended the Channel Up flawlessly and hit our latest Target (April 02, see chart below):
The price is now breaking above the short-term Ascending Triangle, which within the long-term Channel Up has always issued a buy signal after the price approached the 0.382 Fibonacci retracement level. The immediate Target on both previous break-outs has bee the -0.382 Fib extension.
The 1D RSI is also posting that pre break-out consolidation. As a result we turn bullish again on this pair, targeting 116.500 (slightly below the -0.382 Fib).
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CADJPY LONGCADJPY has decided to be generous, and we appreciate the opportunity to make some money and pay our bills.
CADJPY-Breakout Sparks Upward Momentum: Wave (3)/(C) in FocusHello Traders,
Here is my analysis of CADJPY currency pair.
The pair was confined within a sideways price action channel, characteristic of the corrective wave phase. Subsequently, it has broken out of this channel.
What to Expect:
We anticipate further upward movement, progressing through the sub-waves of wave (3)/(C). The projected target for this upward wave is a minimum of 116.006.
These indicators suggest a strong potential for continued upward momentum. I will closely monitor the price action, as the breakout from the price channel has increased my confidence in the persistence of the upward trend.
What are your expectations on this pair?
CADJPY: Important Breakout 🇨🇦🇯🇵
CADJPY broke and closed above a key daily structure resistance.
It is an important sign of strength of the buyers.
Bullish rally will most likely continue.
Next goal - 115.8
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Updates - USD/JPY, GBP/USD, CAD/JPY, USD/CAD, NZD/USD & AUDUSDTrade analysis and update on the state of play of the following currency pairs: USD/JPY, GBP/USD, CAD/JPY, USD/CAD, NZD/USD & AUDUSD.
