JPYCAD trade ideas
CAD/JPY Short Setup – Bearish Continuation ExpectedI’m observing a potential bearish continuation on CAD/JPY. The pair has recently broken key support levels and is trading below the 200 MA on the 4H chart, signaling strong downward momentum.
Key Analysis
Resistance Levels: The price is expected to retest the zone around 108-108.15, which could act as a strong resistance. If the price reject that level, then I will ENTER SHORT. Failing this, I am not entering.
Support Levels: The first target is near 105.8–106.0. If broken, the price may head toward the 104.0–105.0 range.
Confluence Factors: Weakness in CAD due to declining oil prices and risk-off sentiment could drive this move. JPY strength may increase as a safe-haven currency amid market uncertainty.
Risk Management: Stop-Loss: Above the 108.5 resistance zone. Take-Profit: Incremental levels around 106.0 and 104.5.
CAD/JPY Short Setup – Bearish Continuation ExpectedI’m observing a potential bearish continuation on CAD/JPY. The pair has recently broken key support levels and is trading below the 200 MA on the 4H chart, signaling strong downward momentum.
Key Analysis
Resistance Levels: The price is expected to retest the zone around 108-108.15, which could act as a strong resistance. If the price reject that level, then I will ENTER SHORT. Failing this, I am not entering.
Support Levels: The first target is near 105.8–106.0. If broken, the price may head toward the 104.0–105.0 range.
Confluence Factors: Weakness in CAD due to declining oil prices and risk-off sentiment could drive this move. JPY strength may increase as a safe-haven currency amid market uncertainty.
Risk Management: Stop-Loss: Above the 108.5 resistance zone. Take-Profit: Incremental levels around 106.0 and 104.5.
CADJPY - Short from bearish order block !!Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to continue the retracement to fill that huge imbalance higher and then to reject from bearish OB + institutional big figure 108.000.
Like, comment and subscribe to be in touch with my content!
Understanding Trends and Waves in TradingIntroduction
In trading education, recognising price movements is crucial. Prices move in trends, and these trends move in waves. Understanding these waves is essential for successful trading.
The Two Types of Waves
Impulsive/Primary Trend
Comprises a minimum of five waves.
Dictates the overall direction of price movement.
Corrective/Secondary Trend
Comprises a maximum of three waves.
Provides insights into the ongoing trend.
This phase is the most critical for traders to master.
Conclusion
To trade successfully in a trending market, it’s vital to learn how to accurately count waves. Mastering this skill can significantly enhance your trading decisions. Best wishes for your trading success!
LIVE MARKET ANALYSIS & TRADE IDEAS: USDJPY, GBPUSD, GBPAUD & CJHello Traders,
Starting off early today with a big shout out to @TradingView for their continuous improvements to the platform and the valuable tools they provide to the trading community. Well done!
Here’s my analysis for today:
USDJPY H4
The USDJPY has formed a Momentum Low, signalling a potential trend reset. The underlying trend remains bullish on this timeframe.
Expectation: Increased buying activity is anticipated from the current price level.
GBPAUD H4
The GBPAUD is trading within a 915-pip range. Inside this range, price fluctuations create highs and lows. Applying the range trading principle—buy low, sell high—recent price action shows a bullish wave structure completed on the smaller timeframe following a rally from the Momentum Low.
Current Observation: A trend reset is occurring on the smaller timeframe, breaking below 1.9508.
Trading Approach: Look for a failure to make a Lower Low (LL) on the 5-minute chart and seek opportunities to trade to the upside.
GBPUSD H4
The GBPUSD remains in a downtrend on the H4 timeframe. However, a significant reset has occurred, forming Structure 4 at 1.2714.
Ideal Trade: The preferred strategy is to sell GBPUSD. However, based on wave structure analysis on the lower timeframe, the price is not yet primed for a bearish move.
CADJPY H4
The CADJPY exhibits similar behaviour to the USDJPY, with a recent dip below the previous Momentum Low. Yesterday, a bullish trend-changing pattern emerged.
Trading Opportunity: Look for buying setups above 107.46 based on the current price action.
Wishing you successful trades and a blessed weekend!
CADJPYCADJPY Has brokern out of a prolonged consolidation channel, clearing downside liquidity and signaling a shift in the market sentimnet. the bearish candles forming after the breakdown suggest increasing selling side momentum with trendline liquidity now being targeted. this move confirms a bearish bias , as the pair seeks to test lower support zones and exploit the liquidity resting below key levels.
CADJPY: Pullback Trade From Key Level 🇨🇦🇯🇵
One more pair that looks nice for buying from a key support is CADJPY.
After a test of a significant daily structure, the price formed a cup & handle pattern.
Bullish breakout of its neckline is a strong bullish confirmation.
Chances are high that the pair will continue rising and reach 108.52 level soon.
❤️Please, support my work with like, thank you!❤️
CADJPY may enter into bullish phaseCADJPY may enter into bullish phase
In seasonal trends, late November typically supports bullish momentum in the CAD. Commitment of Traders (COT) data indicates an increase in CAD/JPY, with non-commercial flip data favoring CAD's strength. Overall, endogenous factors sentiments currently show greater support for CAD compared to JPY. However, CAD's endogenous factors are declining at a faster rate than JPY's. On the other hand, exogenous factors and leading economic indicators are strengthening CAD/JPY. Specifically, exogenous factors are on the rise, driven by an improvement in the balance of payments for CAD/JPY.
Monthly CLS manipulation - Distribution phase 300 pips shortMonthly CLS manipulation - Distribution phase 300 pips short. I didn't catch the best entry but there will be pullback opportunities on the way down. I will trade Shorts on the pullbacks above CLS ranges.
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of all markets.
CLS operates in specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become a better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
CAD/JPY is making a bearish pullback on the 6H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 109.933 level.
✅LIKE AND COMMENT MY IDEAS✅