CADJPY SELL IDEAOANDA:CADJPY Overall bias on CADJPY is bearish. Price making a retest into the daily area of interest (AOI). If a 4H bearish engulfing candlestick is formed on the 4H. I will be looking to short CADJPY.
JPYCAD trade ideas
CAD/JPY at Key Support Zone: High-Probability Trading Scenariohe CAD/JPY is approaching a critical support zone (107.50 - 108.00) on the daily chart, providing multiple trading opportunities based on key technical setups. Here's a breakdown of potential scenario
Scenario 1: Buy at Key Support (107.2 - 105.7)
Rationale:
Strong confluence of support from prior lows (point B), ascending trendline, and Fibonacci retracements.
TDI Indicator is near oversold levels with bullish divergence, signaling a potential reversal.
High probability of a bounce from this support zone.
Trade Parameters:
Buy Zone: 107.2
Stop Loss: 105.7
Take Profit Targets:
Target 1: 114.6 (intermediate resistance)
Target 2: 118.6
Risk-Reward Ratio: 1:4
The strategy offers a great probability of success, supported by strong technical confluences and favorable risk-reward dynamics.
Monitor price action and volume closely ON LOWER TIMEFRAMES to validate entries.
CADJPY - Short TradePrice moving with descending channel supports continuation of bearish trend.
Entry is at retracement at LH.
Short on Cadjpyhello guys we see cadjpy has been bearish even on the daily , we saw that it broke out of a bullish channel Wich was acting as a correction on the daily, now if you see closely we are on the impulse movement, price is busy creating LL and LH, we will wait for it to pull back then we will enter as always , so feel free to comment guys , if you doubt look at my past ideas, somehow I am getting better and better , feel free to drop your thoughts lets help each other,
CADJPY - Bearish Continuation After Support BreakOANDA:CADJPY has broken through a key support level and is now retesting this level as resistance. If the resistance holds, it could pave the way for a deeper move downward, with the 106.600 level emerging as the next major area of interest. This level also aligns with a significant support zone, making it a critical area where buyers may attempt to regain control.
Traders are advised to monitor for bearish confirmation signals, such as bearish engulfing candlestick patterns, rejection wicks, or strong selling volume at the retested resistance level. Such signals would reinforce the probability of a continuation to the downside. However, a decisive break back above the resistance zone would invalidate the bearish scenario
CADJPY Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for CADJPY below:
The instrument tests an important psychological level 109.09
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 108.48
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Rounded Top PatternRounded Top Pattern
Look to short price down back to 99
Price making a sell continuation
Risk to Reward 1 : 4
CADJPY Head and Shoulders?Not the most obvious and clear pattern here. But it does look like we might be seeing a head and shoulders most visible on the weekly chart.
Price has hit a strong resistance zone around 110.60 and has been ranging between that area and 104.60. It is a nice enough range to build a position into looking for a short and a possible break of the neckline (which I would consider with a weekly close below the trend line of the right shoulder).
I know this one is not that clean and clear, but hey, they can't all be and trading is about reading Price Action and accepting the risk of you put on your position. In what I call my 1 to 10 "edge scale" (simply put, my degree of conviction about a trade, with 10 being that impossible number on probabilities, would mean that I am 100% sure, never happens!) this one would be a a 4 or 5 for now. Let's see how it moves and what patterns it shapes.
CADJPY_4HCADJPY_4H BEARISH
Everything is mentioned on Charts.
Please always look for double confirmation before entry.
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
CADJPYHi guys, I hope y'all okay.... I want to share this idea with you, on my perspective I see a potential Buy for CAD on this setup, I'll wait for structure shift on the LTF for my execution📊📈
CADJPY DowntrendIn my primary count, I'm considering the correction from the December low (1 or A) to be over (2 or B), and the downtrend is back.
Bearish drop?CAD/JPY has reacted off the pivot and could drop to the 1st support.
Pivot: 108.81
1st Support: 107.43
1st Resistance: 109.55
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IDEA CADJPY SHORT POSITION Hi Traders
Pair: CADJPY
📈 Position: SHORT (SELL )
✅ Entry: 108.700
🔺 SL: 109.150
🎯 Take Profits:
• TP 1: 108.250
• TP 2: 107.800
• TP 3: 107.350 (Trailing SL)
CADJPY IDEA SHORT POSITION Hi Traders
Pair: CADJPY
📈 Position: SHORT (SELL )
✅ Entry: 108.700
🔺 SL: 109.150
🎯 Take Profits:
• TP 1: 108.250
• TP 2: 107.800
• TP 3: 107.350 (Trailing SL)
CADJPY Downtrend Analysis: Bearish Momentum ContinuesThe CADJPY remains in a strong downtrend after completing its first wave structure to the downside. The corrective wave offered no signs of a trend reversal, confirming the sellers’ dominance.
Yesterday, during the Tokyo session, a new bearish wave structure began, breaking below the first wave's momentum low. Wave 2 formed as a correction to Wave 1, creating an opportunity to look for short trades below 108.614. A break below 107.65 (momentum low) is expected, with a Fibonacci target of 61.8% as a likely end for the current wave.
Key levels to watch:
Entry: Below 108.614
Target: 107.65 and Fibonacci 61.8% level
Stop Loss: Above 109.05
Selling above 109.05 is not recommended.
Like, comment, and share your thoughts. Happy trading!
CADJPY: Breakout of StructureThe CADJPY pair shows strong potential for upward momentum after breaking above a key intraday resistance level.
The previously breached structure has turned into a support level, suggesting a possible bullish move toward 109.47.
Mid-Week Forecast: Trades I'm Looking At For London SessionMy Bias For The Rest Of The Week
1. Dollar Index - LONG
2. GOLD - SHORT (Holding)
3. GBP/JPY - SHORT
4. USD/JPY - LONG
5. CAD/JPY - LONG
