$CADJPY bullish ?Higher time frame shows cadjpy having a reversal from a bear market. It is in an area of interest right now, from which it could use up for its momentum. Looking for a buy.
Anyone has any similar thoughts/ideas?
CADJPY trade ideas
Analysis of CAD/JPY – Potential Reversal and Bullish MoveOn this CAD/JPY daily chart, we can observe the formation of a potential double-bottom reversal pattern near the 102.86 support zone. The price has rebounded from this area, indicating strong buyer interest and a possible shift from the previous downtrend. This pattern suggests a possible bullish reversal if confirmed with a breakout above the recent highs.
Key Levels:
Support: 102.86 – This zone has been a strong demand area and has provided solid support for the price.
Resistance: 115.76 – The first resistance to break is at 107.23. If this level is breached, we could see further upside toward 115.76.
Technical Indicators:
Moving Average: The chart includes a moving average (blue dotted line), which is currently slightly above the price. If the price manages to break above the moving average, it could signal a continuation of the bullish momentum.
Momentum Indicators: The lower panel shows the TDIGM oscillator indicating a positive upward curve. This suggests that momentum is gradually shifting in favor of the bulls. If this trend continues, it would further confirm the potential for a bullish reversal.
Bullish Scenario:
If the price breaks above 107.23, it would confirm the double-bottom pattern and could lead to a strong upward move toward 115.76, providing a solid risk-to-reward ratio for long positions.
Entry: A possible long entry could be placed just above 107.23, confirming the breakout.
Stop-Loss: The stop-loss can be placed just below the support level around 102.86 to manage risk effectively.
Target: The first target could be set near 115.76, offering a favorable risk-to-reward ratio.
This setup is showing potential, but as always, wait for confirmation before entering any trades.
Bearish Scenario:
If the price fails to break above the 107.23 resistance and falls back toward 102.86, this would invalidate the bullish setup and could lead to further downside, potentially breaking the support and heading lower.
Happy trading!
CADJPY Strong buy at the bottom of the 2-year Channel UpLast time we gave a signal on the CADJPY pair (July 09, see chart below), we got the sell we wanted, as a brutal collapse started straight after:
This time we get a strong buy signal as the price is rebounding after a Double Bottom on the Higher Lows trend-line of the 2-year Channel Up. This is similar to the January - March Double Bottom, which until now, has been the strongest long-term buy signal on the pair.
Once the price breaks above the 1D MA50 (blue trend-line), we will have the buy confirmation we need to target the 0.9 Fibonacci level (like June 23 2023) at 117.100.
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CAD/JPY Day Trading analysisOn CAD/JPY, it's nice to see a strong buying reaction at the price of 104.940 .
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
CADJPY Possible Long Position4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - CSAK + Entry in MALO
Note:
* Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
#CADJPY: H4 BULLISH NARRATIVECADJPY might set for a push up again. However, upon confirmation a buy might be initiated
CAD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 102.499.
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CADJPY NEXT MOVE (LOOKING BULLISH)(17-09-2024)(MID TERM)Go through the analysis carefully, and do trade accordingly.
Anup Bias (Mid term)
Current price- 104.300
"if Price stay above 103.700 then next target is 104.900 and 105.700 and below that 103.00
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of capital to follow any position.
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CADJPY View!!Markets are undecided whether the Bank of England will hold, or cut rates by 25bps on Thursday, raising the potential for GBP volatility which has put the FX options market on high alert.
The FX volatility upon which FX options thrive is an unknown, yet key parameter of their premium, so dealers use implied volatility - their best guess. Disparity between implied and realised over the life of the option is a common occurrence and makes FX volatility a tradable asset. Therefore, any implied volatility increase over a key event like the BoE, is also a bellwether for the wider market to see the additional FX volatility that options traders think that event will generate.
CAD-JPY Local Short! Sell!
Hello,Traders!
CAD-JPY made a retest
Of the horizontal resistance
Level of 106.580 from where
We are already seeing a
Local bearish reaction
And a further move down
Is to be expected
Sell!
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Check out other forecasts below too!
CadJpy Trade IdeaCJ long set ups were sent out last week. The flip at support ended up playing out to the T where targets were than hit. Last week price ended with a retest at 106 before making a new high at 106.400. For this week I'm looking for price to either break and retest 106.4 to continue longs or break below the higher low at 106 to short the pair. We'll see what happens.
CADJPY IS PRINTING REVERSAL Technically:
CADJPY is printing inverted Head & Shoulder
CADJPY is printing Bullish Divergence
CADJPY - Long from bullish order block !!Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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CAD_JPY BEARISH BIAS|SHORT|
✅CAD_JPY surged again to retest the resistance of 106.766
But it is a strong key level
So I think that there is a high chance
That we will see a bearish pullback and a move down
SHORT🔥
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CADJPY has broken resistance Intraday Update: The CADJPY has broken the 106.00 level and should put the 106.79 then 107.73 level in view next. Also, today the Canadian retail sales data will be released in North American trade.
CADJPY in bullish trend CADJPY in bull trend with RSI bearish diversions, trade with a sell order at the last higher low.
CADJPY we will countinue buyingEVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
Bearish drop?CAD/JPY has reacted off the pivot which has been identified as a pullback resistance and could drop to the 1st support level which acts as an overlap support.
Pivot: 105.88
1st Support: 103.73
1st Resistance: 106.85
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CADJPYHi guys,
In this chart i Found a SUPPLY Zone in CADJPY CHART for TRADING entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
CADJPY - 4hrs ( Buy Trade Target Range 320 PIP ) 🟢Pair Name : CAD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢Key Technical / Direction ( Long )
Type : Mid Term Swing
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✅Bullish Break
105.900 Area
Reasons
✅- Major Turn level
✅- Visible Range lvn
✅- inner Channel Break
✅- Day High / week High
✅ Head & Shoulder
✅Bearish Reversal
107.500
✅Bearish Reversal
109.350 Area
CadJpy Trade UpdateI sent out a cj set up explaining why I was looking to go long on the pair. Price ended up spiking into the level I wanted to see get retested before going long for a solid 1:3rr. Price ended up playing out to the T. The next level I want to see price pullback to is 104.700. That's the last higher high on the daily time frame before price tapped into resistance. Price tapping into resistance doesn't mean I'm gonna short the pair. For now price could definitely flip bullish and continue up until next week.
