CADJPY HUGE DROP INCOMINGAs you can see from my chart, it shows a very high chance of shorting from 110.
To be honest, we have seen CADJPY making more than 1 rejects.
Next TP 107, 106
CADJPY trade ideas
Sell CADJPYThis is my Setup to Short CADJPY. Market has mitigated a Valid OB and given a CHoCH at LTF. I am going to short from Unmitigated OrderFlow in this Setup...
SELL POSITION FOR 1 D SIGNALwe find based on 1 D Wave and Volume profile Sell Position, We Wate for Touch Resistance Area and Then Sell Move.
Buy Position base On H Signal Based on the Volume Profile we find a supporting area and set a buy position on it. the TP Area is Also set based on reduced Volume on the Last Wave.
cadjpy-Previous Day candle closed bearish. If we are looking for buys we will take on until resistance formed on 11th oct 23 Daily bearish open, TP2 will be daily bullish open on 16 Joct 23.
- If we are looking for sells we take on until 24 jan 24 daily bullish open.
- 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.
CAD-JPY Short From Resistance! Sell!
Hello,Traders!
CAD-JPY is going up now
But will soon hit a horizontal
Resistance level of 110.600
From where I will be expecting
A bearish move down
Sell!
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CADJPY SHORTCADJPY has been in an ascending trend and has hit previously met Resistance at 110.000, after tasting that level it has been rejected for a second time and is now beneath the resistance again. With the general bullishness in the YEN which is a Safe Heaven as the USD corrects technically before continuing its move to the upside.
CADJPY - Adam and Eve ReversalClean and nice pattern. Rarely gets so much pullback that it looks like a H&S pattern.
In any case, whichever pattern it is, the structure is there to e taken advantage of. Potential lucrative pips if the pattern plays out at the break of neckline.
Good luck!
CADJPY-BUY STRATEGY 4-hourly chartThe pair moved lower quickly, and has formed a bit of a false bear flag pattern. The stochastic is negative and we should consider it may move little lower first.
Strategy BUY @ 108.85-109.00 and place SL below 108.45 and take profit @ 110.17.
cadjpy swing short reacting to the 8hr choc OB, choc on the 1hr and higher time frame rising wedge with a trend line break. risker as its very bullish wich is why i have a bigger sl
SELL CADJPYWe are failing to break our current resistance,we have to go test our trendline and it is NFP week.
Goodluck
#1Boy
CAD-JPY Resistance Ahead! Sell!
Hello,Traders!
CAD-JPY is going up now
But a strong horizontal
Resistance is ahead at 110.605
So after the retest we will
See a local bearish pullback
Sell!
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CADJPY H1 | Potential bearish breakoutCAD/JPY is falling towards a pullback support and could potentially break under this level to drop lower.
Sell entry is at 109.768 which is a potential breakout level.
Stop loss is at 110.370 which is a level that sits above a pullback resistance.
Take profit is between 108.953 and 109.15 which is a swing-low support that aligns close to the 61.8% Fibonacci retracement level.
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CADJPY ANALYSIS CADJPY ANALYSIS, looking bullish on 4hr timeframe. Wait for indicated retracement areas for possible entries.
CADJPY Pair : CADJPY ( Canadian Dollar / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance Level. Double Top Pattern as Correction in Short Time Frame and Long Time Frame and Rejection from its Second Top. Strong Divergence in RSI
✅CAD_JPY POTENTIAL SHORT🔥
✅CAD_JPY will soon hit
A horizontal supply level
Of 110.583 from where
I will be expecting a
Local bearish correction
SHORT🔥
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Lingrid | CADJPY short term PULLBACK from RESISTANCEThe market reached the daily resistance zone. FX:CADJPY is losing momentum; the price is forming small candles with wicks. If we have two zones, the market usually goes towards a level that is lower or higher. I think the market will make some pullbacks from the daily resistance. I expect the market to test the resistance by grabbing the liquidity above the previous local highs and fall if the market makes a fake breakout. My goal is around the support level at 109.770
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
KEEP IT SIMPLE FORGET MY DESCRIPTION AND FOCUS ON THE CHARTHey Traders,
Many are focused on US News that comes this afternoon.
Mostly, that's because a change in inflation can cause a large chance in the decision making for the Central bank in that economic zone.
The USD has persistently gained value over time, causing a sustained downtrend. With every pull up, comes a following pull down. The last being relatively recent and not causing an enormous immediate fall.
CADJPY pushing higherAll signs are pointing to a major bull run here. CAD's been knocking on the door of this resistance for some time now and think it's finally time to smash through this ceiling and look for long ops.
Couple this with the fundamental escalation of conflicts, oil takers being taken out etc, then expect supply and demand to have some significant impact here.
CADJPY BEARISH IDEAPrice ha formed reversal pattern and approaches horizontal resistance price rejeccted 3 and 4 times from the mentioned resistance price is in wedge
My view on CADJPYThe pair is overally in a bullish movement chasing the pocket money that is clearly visible on a monthly time frame, lets take advantage of the short drop/pullback and join the buying momentum.
Combo Trade OpportunityAn amazing Bearish Fib-3 Bat with RSI Divergence has surfaced on the CADJPY 1-hourly chart.
While some may see this as a great counter-trend trading opportunity, others might interpret it as a warning sign and choose not to engage.
But here's the twist - it's a Combo Trade.
On the Weekly Chart, there's a Bearish Shark Pattern Retest, accompanied by a Type2 Bearish Gartley Pattern.
What's your take on CADJPY?
Share your trade plan for CADJPY in the comments below!
