CADJPY possible SELL setupPrice at a key level. Might be able to SELL here with a good Bearish Candle
RR 4:1 /// Manage your risk well! :)
JPYCAD trade ideas
Bearish drop?CAD/JPY is reacting off the pivot and could drop to the 1st support.
Pivot: 107.28
1st Support: 106.21
1st Resistance: 108.28
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CAD/JPY H4 AnalysisOn 11th February, price printed a break out above the bearish trendline.
After forming a new high around 108.31, we then saw a slow decline as price started to correct.
Look for a break to the upside for what could be another bullish impulse.
CADJPY MIGHT WEAKEN FURTHER!After the Canada inflation rate report, price was seen falling lower and currently trades at 106,917 we may experience a further sell from the current market price. Our target profit is at the horizontal support price of 105.957
Cadjpy AnalysisCadjpy on the daily timeframe has given a bearish flag pattern and on the lower timeframe we are expecting a long term bearish move to the levels below and even further.
Ensure to carry out your own analysis before entering your trade.
CADJPY LongOn the Hourly TF the price has just broken through the previous Lower High, marking a new Higher High.
Expecting the price to retrace filling in all inefficiencies down to around $106.9 before reversing from an Order Block (OB) and rally to the next OB at $107.4.
If the price can break through $107.4, it is highly probable that the uptrend will continue.
SELL CADJPY - Tricky market conditions!!Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Bullish bounce off 61.8% Fibonacci support?CAD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 106.34
1st Support: 105.40
1st Resistance: 107.26
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Cadjpy going longThe Yen pairs are my favorite to trade.... They give you big moves and tend to respect structure. Cadjpy is in the huge decending channel.... We have an impulsive move to the upside and a pull back to the %50 fib level. Looks like a great area to get in for the next move up. Thoughts?
CADJPY H2 IdeaPotential for a bearish pullback on the CADJPY H2 which could lead to a price movement towards the support level at 106
Trendline Analysis and Rebound Potential in CAD/JPYThe displayed chart shows the CAD/JPY currency pair on a weekly timeframe with a Heikin Ashi chart. In this analysis, there is a strong upward trendline that has been in place since 2021, currently acting as a dynamic support area. The price is now around the 106.000 level, which is also an important horizontal support zone. From a technical perspective, the price shows potential to rebound from this support area and continue its upward trend.
Identify the main trend—the uptrend remains dominant as the price continues to form higher highs and higher lows overall. Observe the current price structure, where the price is testing a support area reinforced by the ascending trendline. The potential entry area is at the 106.000 level. The upside target is identified around 118.000, based on the nearest resistance visible on the chart.
If the price shows bullish confirmation, such as a reversal candle or increasing volume, the opportunity for a buy entry becomes stronger. However, if the price breaks below the ascending trendline support, a bearish scenario may emerge and should be anticipated.
CADJPY Multi-timeframe SND This is a Multi-timeframe analysis for CADJPY using SND concepts.
Form Monthly to H1 execution
CADJPY - Potential Reversal SetupHello traders
It looks like CADJPY has started a bullish setup and now we are looking to enter on the 0.618 fib retracement.
CADJPY - Correction and up? Looking at the CADJPY daily chart, we can observe a potential corrective pattern forming. The price action has been showing signs of consolidation near the marked blue box support zone around the 105.00 level. If the price respects this support area without breaking below it, and we see a strong bullish reaction, this could set up an interesting opportunity. The key observation here is that any significant bounce from this zone could trigger a broader upside move.
Should we see such a reaction materialize, the pair might gain enough momentum to challenge and potentially break above the November 2024 high, which sits around the 111.50 level. This scenario would be particularly compelling if we see clear rejection of prices above the blue box support, formation of bullish price action patterns at current levels, and strong momentum on the initial bounce. However, traders should remain cautious and wait for clear confirmation of the bullish reversal before considering long positions, as the current downward momentum would need to be definitively broken first.
CADJPY POSSIBLE SELL OPPORTUNITY Price has a high probability of selling as lower high is currently in formation. Price will likely fallback to 105.009 a sell opportunity is envisaged. The daily timeframe overall trend is bearish too
CADJPY buy setupOANDA:CADJPY
Overall bullish bias on CADJPY. 4h bullish structure made a retest at the Daily AOI. Waiting for a 4H or 1H bullish engulfing candlestick to go long on CADJPY
CADJPY – Short-Term WeaknessCADJPY – Short-Term Weakness
🔻 Short Bias | 🎯 Target: 107.61152 | ⏳ Deadline: Feb 14
After a recent attempt to push higher, CADJPY is struggling to maintain momentum. Watching for a potential move lower toward the 107.61152 target as sellers gain control.
💡 All trades can be replayed on TradingView for confirmation.
#CADJPY #Forex #TradingView #MarketAnalysis
Bullish bounce off pullback support?CAD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 107.14
1st Support: 106.19
1st Resistance: 109.13
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CADJPY is BearishPrice was in a strong uptrend, however a double top formation with bearish RSI divergence on hourly time frame hints that bears are trying to assume control of the price action. If the higher low is broken successfully then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
USD/JPY VS CAD/JPYyou can see support which brought in more liquidity had a sweep then pushed up fast whichever pair gets to zone last is the one i am going to take
