CADJPY pt 5Target reached. You saw it from part 1. Up +4.21% So off to a good start, Let' s hope the market continues it's momentum for next week as we close in on phase 1.
JPYCAD trade ideas
CADJPYAs we see the sellers zone is rejected the price now if the price returned to the zone well be go down
CADJPY pt 4Here is an update on CADJPY. We got the entry we was looking for and now we are in 2%+ profit currently. I'm looking for price to keep moving in this direction to come to our take profit
CADJPY Signal : 1H / 4H Beautiful buy !!!CADJPY ( 1H / 4H )
Market price : 107.10
Buy now : 107.10
Tp1 : 107.60
Tp2 : 108.20
Tp3: 109.10
Tp4 : 110.20
Sl : 106.60 ( 50 pip )
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ❤️
Remember this is a position that was found by me and it is a personal idea not a financial advice, you are responsible for your loss and gain.
CADJPY: SHORT! BOC ON TAP!As expected, the Bank of Canada rate decision cuts rates by 25 basis points. As a result, we expect the Canadian dollar to weaken against the Japanese yen since we didn't get any surprises from the BOC.
CADJPY pt 3CADJPY is almost there in terms of our wait for an entry. Once price breaks that red line it will have then shifted structure on the 1hr and we will then be looking for just one more confluence to then take the trade we been looking for. So far though price is doing what we planned it to do.
CADJPY ShortOnce prices breaks and close under trend line I will be looking to short the market.
Comment what you think.
CADJPY pt 2Essentially this is all we need to look for a entry, just a break of structure on the 1hr and for price to come back into that zone again which would look like a head and shoulders and also would be in sync to meetup and touch the EMA for another confluence.
CADJPYThis is the only pair on my radar this week, CADJPY. All timeframes in sync, good rejections around that AOI and round number. Currently this trade is at a 65% just looking for a shift of structure and an entry single and that will give us a grade of 85% potentially. A shift of structure on this pair would just look like another retracement back into the zone to then drop down further continue trending bearish.
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.
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📊📈
