SellResistant resist the price to fly and form a pattern we will go lower time frame and look for sale or wait for pattern breakout
CADJPY trade ideas
Breakout and retest to the downsideAs we can see the market was in a Range like trend until it broke our Support and retested it meaning the price might go down for a while
CADJPY Will Go Lower! Sell!
Take a look at our analysis for CADJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 108.412.
The above observations make me that the market will inevitably achieve 106.334 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CADJPY Rising Wedge Breakout and Targeting Support LevelCADJPY is currently trading at 108.300, with a target price set at 106.000, offering a potential gain of 200+ pips. The analysis is based on a support and resistance pattern, indicating the pair’s key price levels. A rising wedge breakout has already occurred, a bearish signal pointing to further downside potential. The price is now positioned below a major resistance level, confirming sellers' dominance in the market. With this setup, the pair is likely to continue its downward movement toward the main support level, which aligns with the target price. The bearish momentum is expected to persist as long as the resistance level holds strong. Traders should watch for any confirmation of increased selling pressure to solidify this trend. This setup highlights a favorable opportunity for bearish trades with a defined risk-reward ratio. The focus remains on the target support level as the next key price point.
CAD/JPY we reached a very strong resistance!Hi guys, I am going with CAD/JPY which I can observe has reached a very strong resistance level so far which it is having trouble breaching out. Additionally we got the news that the Canadian Prime Minister - Justin Trudeau has filed for resignation would bring some weakeness to the CAD
Entry: 109.600
Target: 108.600
As always my friends happy trading!
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Trendline breakoutWe have a trendline breakout signaling a bearish move, we are currently monitoring for a pullback to go short
WE ONLY TRADE PULLBACKS
CADJPY POISED FOR AN UPWARD (FORMING LIQUIDITY FIRST)Price is currently in a parallel channel looking at creating liquidity ($$$) which it might use to fuel its upward momentum by mopping it up my entry point.
Alternatively, it could break out from the channel to clear the already formed liquidity ($$$) below before a move up.
fingers crossed...
CAD/JPY Short on Regression BreakCAD/JPY has broken the uptrend regression channel and is now net short.
US$ is turning across a number of pairs, however volatility is due to arrive on the 20th with the start of Trump Presidency
CADJPY LONGI expect price to react to this demand level and into the target price. This is 16rr long projection.
15-1 CADJPY:At the end of last year the price was heading towards 110.9 from 103.4. This pair is on the verge of a decline that we would like to enter. Our signal system shows the following signals: Score -12, a big downtrend that is coming from Cot Data 0 Retail sentiment -1, Seasonality -1. Trend reading -2. GDP -2, Manufacturing PMI 0, Services PMI -1, Retail Sales -2, Inflation -2, Employment Change 0, Unemployment Rate 1, Interest Rates -2. We have a sell series from 108.725.
CADJPY: Market Sentiment & Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current CADJPY chart which, if analyzed properly, clearly points in the upward direction.
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CADJPY BUY Position BUY Position Triangle log size
EN: 109.610
TP1: 109.900
TP2: 110.70
SL: 109.369
The analysis is on a 15-minute time frame.
This is a personal opinion and you are responsible for your own profits and losses.
CAD/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 109.618 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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CAD/JPY Bullish Analysis: Targeting Key Untested Levels Bullish Outlook Supported by Trendline, Support, and Resistance Levels
The CAD/JPY pair has shown a strong bullish pattern. The price has touched the trendline for the third time, confirming its validity. Additionally, it has broken above the yellow resistance level and is currently retesting it, signaling a continuation of the upward momentum.
From a daily structural perspective, there are untested levels at 111.448 and 113.154 that the market is likely to revisit in the coming sessions.
Key Takeaways:
Trendline Validation: The price has respected the trendline for the third time, reinforcing its significance.
Retest in Progress: The yellow resistance level, now acting as support, is being retested for confirmation.
Target Levels: The market is expected to move toward the untested zones of 111.448 and 113.154.
Risk Management Tips:
Always apply proper risk management strategies.
Risk no more than 1% of your total portfolio on a single trade.
Ensure every trade is accompanied by a stop-loss to mitigate potential losses.
Disclaimer: This analysis is for educational purposes only. Make informed trading decisions and trade responsibly.
#BTCUSD #CADJPY #EURUSD #GBPUSD
CAD/JPY - Bullish ContinuationFX:CADJPY has been experiencing a bullish trend and I am expecting this to continue. This is evidenced by simple price action on 4 hr and printing of higher highs and higher lows!
CADJPY HITS TP 1I dropped this analysis on December 12th, 2024. Take Profit 1 achieved as predicted. Will Price Get To The renegotiation Resistance for take profit 2? lets watch as it plays out!
Trading System (PRORARP) is power!
Continuation of uptrend to the Supply zoneAs we can see the market was in a downtrend before forming double bottom. Change of Character occurred and the price gave us a new Higher high and Support, which was tested 3 times
This means we might have buyers on the support that might push the price up again(continuing the uptrend to the Supply zone), H1 for candle confirmation of buyers.
CAD/JPY - 1hr ( Sell IntraDay Target Range 100 PIP )Analysis of CAD/JPY on the 1-Hour Chart: A Bearish Perspective
The CAD/JPY currency pair presents a compelling case for bearish sentiment, particularly when analyzed through the lens of the 4-hour chart. This analysis focuses on a significant breakout level, identified at 109.800, which serves as a crucial pivot point for traders operating within a large-scale framework.
Upon reaching the 109.800 level, the market exhibited a notable bearish breakout, characterized by a surge in trading volume. This high volume serves as a confirmation of the breakout's validity, suggesting a strong consensus among market participants regarding the potential for further downward movement. The implications of this breakout are profound, as it signals a shift in market sentiment, favoring sellers over buyers.
☑Bearish After Break Out key level + High Volume / 109.800 Point
Bearish Target 75 : 150 PIP
🛡 Break Out Done
POSSIBLE SELL OPPORTUNITY ON CADJPYPrice showing signs of strong momentum. We look for the pullback to take the trade.
CADJPY: Bullish Forecast & Bullish Scenario
The analysis of the CADJPY chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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