CADJPY trade ideas
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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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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CADJPY H4 | Potential bearish breakoutCADJPY is on a downtrend and falling to our buy entry level, it might breakout and drop further to the take profit level.
Sell entry is at 109.033 which is an overlap support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 110.188 which is a level that sits above the multi-swing-high resistance.
Take profit is at 108.008 which is swing-low support level.
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H1 | CADJPY | BUY TREND BUT WEEKLY RESISTANCEHello everyone ...
market is on buy trend/ BUT price may respect this weekly resistance.buy for short term.
Use good RISK management only thing important in Trading is how you manage your trade...
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
CADJPY bounce from supportCADJPY bounce here from support on h4, h1 shows break of trend and retest then rejection candle with overall H4 trend structure still valid SL and TP
targeting 40 pips 1:1, managed accordingly.
Slightly hesitant on seeing potential double tops here but willing to risk it based on trend strength.
✅CAD_JPY BEARISH BIAS|SHORT🔥
✅CAD_JPY broke the rising
Support and now the pair
Is making a bullish rebound
And after that I believe
We will see a further
Move down
SHORT🔥
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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
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...
