CADJPY BullishCADJPY has formed an ascending triangle continuation pattern which indicates further upside in price action.
JPYCAD trade ideas
Buy CADJPY Triangle BreakoutThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a triangle pattern.
Possible Long Trade :
Entry: Consider entering a long position (buying CAD/JPY) above the broken resistance trendline of the triangle after confirmation. Ideally, this would be around 114.40 or higher if the price continues to rise.
Target Levels:
115.00: This represents the height of the triangle, measured from its apex (highest or lowest point) to the breakout point, projected upwards from the breakout point.
115.23: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order below the broken resistance line of the triangle, ideally with some buffer around 114.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you.
CADJPYLooking for a sell opportunity in CJ.
Reason to sell:
forming double top in both 1H and 15 minute charts.
Use proper risk management.
Thank you
Triple top liquidity Study the market hard and be able to see the direction. Identify the patterns used to push the market to that direction
CADJPY Ranging After 2.7% Canada CPI Data Release - Using the 15-minute chart for CADJPY, the exchange rate has been ranging between 114.825 (resistance) and 114.191 (support).
- The current exchange rate is around 114.400, following a rejection at the support level.
- If the support level holds, there is a high probability that the exchange rate will move up towards the resistance.
- If the resistance level is broken to the upside, the exchange rate is likely to increase further.
- Conversely, if the support level fails to hold and is broken to the downside, the exchange rate is likely to decrease further.
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CADJPY - Bearish Harmonic PatterIf it tests D point, the idea would be to open short position for CADJPY, there is no major confluence of any divergence. Let's wait and watch how it plays out
CADJPY - BUY
Carry Trade continues
CAD interest rate 5%
Jappy 0.10%
Jappy Yen the only game in town really where Hedge Funds Companies, Banks can Park their money as JPY is also very Liquid.
Current Rates:
Bank of Canada Interest Rate: 5%
Bank of Japan Interest Rate: -0.10%
Total Profit for 1 Day:
$156.79
+
$0.12 Int
=$156.91
So, if you buy 1 lot of CAD/JPY and it moves 18 pips in your favor, and you hold the position overnight, you would make approximately $0.12 in interest.
Better than Nothing
CAD/JPY For Bullish after confirm Break Of Structure of H1you can go long now
or
wait for break current Higher high of Lower time Frame (H1) and retest to go long @ Green Arrow
or
wait price to back to cover Fair Value Gap (yellow area) and go long after that
- General Trend is Up Trend
- JPY is Weak
- Higher Time Frame will be H4 , lower timer Frame will be H1 or 15M
- we saw Change of Character of the lower Timer Frame (h1) @ Red Arrow after that price make perfect pull back @ Blue Arrow so we will wait for Break of Structure @ Green Arrow to go long and take any target
- if price fail to break the current resistance at Green Arrow it may be make pull back to cover the Fair Value Gap and Go Up Again
have Fun :)
Heading into pullback resistance, could it reverse from here?CAD/JPY is rising towards the pivot and could potentially reverse to the 1st support.
Pivot: 114.77
1st Support: 113.03
1st Resistance: 115.88
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CADJPY CUP & HANDLEHello traders! Let's revisit the CADJPY chart and provide an update since I shared the idea on August 17. It's time to clarify things.
Our focus is on CADJPY, where an interesting Cup and Handle Pattern is taking shape on the daily chart. For a more in-depth understanding of Cup and Handle patterns, you can check out additional resources here: (www.tradingview.com). Make sure to return here for the continuation of this analysis!
Examining the price action, we observe a distinct double bottom with a Low Cup at 104.247. Currently, the price is situated below the Breakout level at 110.624, and astute traders will notice the ongoing development of the handle phase.
Once the anticipated breakout occurs at 110.624, we will take action and execute the trade, placing our stops just below the previous low pre-breakout. Our target sights are set on the first target zone: 62% at 120.845 and 79% at 123.620.
But that's not all – keep your trading antennas finely tuned, as additional setups may emerge on smaller timeframes, enhancing our trading landscape further.
Remember, trading is a continuous journey. Stay vigilant, stay informed, and, most importantly, stay tuned for more exciting developments in the world of trading. Happy trading, everyone! 📈📉
Could CAD/JPY reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci projection and could reverse from this level to our take profit.
Entry: 114.72
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci projection.
Stop loss: 115.84
Why we like it:
There is a pullback resistance level which lines up with the 161.8% Fibonacci extension.
Take profit: 113.04
Why we like it:
There is a pullback support level.
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CADJPY - BUY
Buy all Jappy Pairs basically
What took 5 day to grind up got unwound in 1
Then back up in 1
Halfway there
CADJPYType of order: market sell order.
right now
With a small stoploss and a beautiful take profit.
Be carefull, because the trend is bullish. We want the correction
thanks and blessings.
CADJPYCADJPY is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 38% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
CADJPYCADJPY price is near the resistance zone. 114.577-144.865 If the price cannot break through the 114.865 level, it is expected that there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
CADJPY shortHello,
we are in a good resistance zone and I think we are going down towards the big support zone.
Good luck
114 break opens up 118 & more 114.214/114.244 must close & break above these two figures.
113.97
Small sl 133.75
Initial round number 110. That holds it will happen in a years time from today
I expect big pumps in jpy pairs watch the space
500 cadjpy
700 usdjpy
Gbpjpy still not sure but 239 maybe higher we'll see that one as we not sure on decision as yet due to missing 2019/2023 entries & 2022 bottom
CADJPY Uptrend Trend Continuation TradeCADJPY Uptrend Trend Continuation Trade
1. Weekly Uptrend
2. Nice build-up of bullish momentum candles
3. Currency Strenght Meter confirmation
4. Trend Following Indicator confirmation
5. 2% Risk. 1:1 R:R
6. Stop Loss below candle's low
7. Overall counter-yen sentiment
I came back to basics.
Mastering trend following strategy on daily candles with R:R 1:1 and trying to achieve min. 60% Winrate. Good luck!
CAD/JPY LONG CAD/JPY LONG idea
After taking GBP/JPY and EUR/JPY Long Trades which im currently up over +200Pips on Gj and +100Pips on EJ I'm seeing a good opportunity on CAD/JPY Long İdea
DeGRAM | CADJPY channel growthCADJPY is moving in an ascending channel.
The chart broke through the dynamic resistance, which now acts as support.
The price is moving under the resistance level, which coincides with the 38.2% retracement level of the last bullish momentum.
We expect the growth to continue.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
CADJPY - Wait For The Bears Hello TradingView Family / Fellow Traders,
CADJPY is currently approaching a massive supply zone marked in red.
📉 For the bears to take over again and start the next bearish impulse movement, a break below the last major low in gray is needed.
Meanwhile, CADJPY would be bullish short-term and can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
CADJPYCADJPY current trend is bullish as price printing higher highs and higher lows and we will try to ride the trend. Trade plan mentioned on the chart.
