CADJPYShort position on CADJPY because
LH and LL
Triple top formed above and price rejected
Lower channel broken
Rejected From 0.5 FIB of previous trend
JPYCAD trade ideas
CADJPY: Ascending TriangleBullish Trend
Ascending Triangle
Breakout towards upside Expected
Buy with instant buy order
Buy @ CMP
SL @ 109.73
TP @ 112.371
CadJpy Trade IdeaCJ's set up is pretty self explanatory. We've been ranging with some solid structures within the range to give us opportunities short and long the pair. If price can break above and retest the LH then we could get into longs and continue the range or catch the break and retest to the downside and break from the range.
CADJPY GOING UP !!Reaching the uptrend ceiling ;
Taking a little longer to go up but will surely do ;
After that some zigzag and it will come back to the same levels.
SELL CADJPYAfter succesfully forecasting the previous intraday fall, helped by a JPY downward movement, and after a little back up, CADJPY is ready to go down towards the next KL.
Expecting a liitle bit of zigzag but globally going down for the next few hours.
CADJPY: Short Trade with Entry/SL/TP
CADJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADJPY
Entry Point - 110.64
Stop Loss - 111.29
Take Profit - 109.57
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Some Thoughts, LVLs and ScenariosI have some explanations about what i'm expecting from this pair.
I hope this proves useful.
CADJPYOn D1, the upward trendline is still holding this pair. Moreover, we can see a morning star formed, this is another confirmation that we are moving higher and higher.
CADJPY BUY NOW!!!!!!!!!CADJPY just filled the gap on the uptrend created with the weekly opening and made a reversal with a candlestick pattern indicating a buying entry after still respecting the liquidity zone so am in on a buy here holding till new highs created.......
JOIN AND ENJOY
Tell us your views on this.....
CAD/JPYLong on CAD/JPY; Break of High; Uptrend Momentum; CAD/JPY has been in an uptrend over a matter of months
CJ Long - Similar to AJ. Looking for price to hold above POC on volume. it has already tagged VA so I can trade this today too
CADJPYIM Looking for a log position on this one pretty much just waiting for that retest on my zone.
cadjpy shortcadjpy at its weekly resistance with 90% plus short sentiments . so with trendline resistance and the the divergence on shorter time frames 1h, 4h with closing of first red hken ashi its best to play to a sell ride... until it reaches its daily support level and then a short buying opportunity ahead with confirmaton of support level bounce with bullish div till the fib 0.5 retracement happens. and after that the last one the trade of sell from the 0.5 fib level till our target area.... so hava a nice bearish ride ahead inshallhaa
CADJPY continue its BULLISH TRENDTREND CONTINUATION:
.Price action respect TRENDLINE
.Making HHs n HLs
.No any bearish divergence signs.
CadJpy Trade IdeaGonna start this week off with a CJ trade idea! We just came off of a horrible news week. News was in the way and ended up affecting most pairs. CJ has been a range for some time now between 109.8 and 107.8. Price ended last week coming back down below a higher higher with a retest of the resistance. I'm looking for price to either break below and retest to confirm a range continuation or wait on a buy confirmation to the upside. Patience is gonna pay here. Price may open up with a smaller range within the range it's currently in so I'll adapt and make the necessary changes if needed in order to get into some type of sell or buy position.
CADJPY: Accumulating under the 1W MA50. Low risk buy.CADJPY is on a healthy bullish 1D technical outlook (RSI = 59.003, MACD = 0.700, ADX = 25.174) as it hit this week the 1W MA50 for the first time in 3 months. Rejection or not, historical price action shows that every time it tests it coming from a bottom on the 2 year Channel Up, the price breaks it and goes for a HH. The 1W MACD just made this week the new Bullish Cross and the last time it did so on such a low level, it was on April 3rd 2023, exactly at the start of the previous bullish wave. We expect initiallt the price to approach the R1 level, which is our Target (TP = 118.000), like the price did on June 26 2023.
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Another bullish setup on Daily 200EMA CADJPY
Price recently came out of a falling wedge on an intraday chart and this sort of occurrence is usually bullish as price wants to run on its own outside of a wedge.
Price here is at the 200ema on daily and it looks like it is ready to pop.
I already went long, if you trade it then good luck.
CADJPY: Breakout Confirms Bullish Momentum, Targeting 114.00The Canadian dollar is strengthening against the Japanese yen, fueled by rising oil prices. As a major oil exporter, Canada benefits from the current bullish trend in the oil market, while Japan, a major importer, faces higher costs. This positive correlation between oil and CADJPY is evident in the recent price action. A double bottom pattern has been broken, signaling further upside potential with a target of 114.00.
RECTIFICATION : CADJPY GOING UP !!!We misunderstood the charts thinking there would be a huge drawdown, but no ;
CAD takes its vengeance today by actually striking up at 2:30 PM London time, and will probably zigzag along after that.
CADJPY Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for CADJPY below:
The price is coiling around a solid key level - 109.92
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 109.24
Safe Stop Loss - 110.30
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
Bearish reversal?CAD/JPY is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 110.94
1st Support: 109.71
1st Resistance: 111.77
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.
Elliott Wave View: CADJPY Has Reached Area Where Pullback can HaCADJPY has already reached the extreme area from 8.5.2024 low. This suggests that pair is in the zone where it can start to see a pullback soon. Shorter cycle structure however looks incomplete and pair can see further upside a bit more. The rally from 9.30.2024 low is currently in progress as a zigzag Elliott Wave structure. Up from 9.30.2024 low, wave ((a)) ended at 109.82 and pullback in wave ((b)) ended at 107.69. Internal subdivision of wave ((b)) unfolded as a double three structure. Down from wave ((a)), wave (w) ended at 108.02 and wave (x) ended at 109.087. Wave (y) lower ended at 107.7 which completed wave ((b)) in higher degree.
Pair has resumed higher in wave ((c)). Up from wave ((b)), wave (i) ended at 108.97 and pullback in wave (ii) ended at 107.98. Expect 1 more push higher to complete wave (iii), then it should pullback in wave (iv) to correct cycle from 10.21.2024 low in 3, 7, or 11 swing before it resumes higher again. Near term, as far as pivot at 107.7 low stays intact, expect pullback to find buyers in 3, 7, or 11 swing for further upside.
