CAD_JPY BULLISH BREAKOUT|LONG| ✅CAD_JPY is trading in a Local uptrend and the pair Has formed a bullish wedge Pattern from where we are Already seeing a bullish Breakout so we will Be expecting a further Move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx223
CAD/JPY BULLS ARE STRONG HERE|LONG Hello, Friends! We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 108.329 level. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 112
Lingrid | CADJPY bullish DIVERGENCE: Potential BUYFX:CADJPY made a fake breakout of the previous support level but then bounced off it, taking liquidity below the previous week's low. On the daily timeframe, a long-tailed bar has formed, indicating that bulls are attempting to push the price higher. Additionally, on the 4H timeframe, we see another long-tailed bar, which further signifies buying pressure. There is a bullish divergence present on the current timeframe, suggesting a potential trend continuation. I think IF the market breaks and closes above the 108.500 resistance level, there is a good chance that the price may test the level above the equal high on the left. This would be a strong confirmation of the bullish sentiment in the market. My goal is resistance zone around 109.15 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby Lingrid7722
CADJPY: Pullback From Key Level 🇨🇦🇯🇵 CADJPY may pull back from a key daily/intraday horizontal support. As a confirmation, I see a double bottom pattern on that and a violation of its neckline on an hourly time frame. Goal - 108.63 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader4410
Bearish breakout?CAD/JPY is reacting off the pivot which acts as an overlap support and could breakout to the 1st support level. Pivot: 108.03 1st Support: 106.91 1st Resistance: 108.68 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.Shortby ICmarkets115
cadjpycadjpy had previously made a fakeout in the minor downtrend. Now it is approaching this trend with volume. In case of breakout, it will rise to the channel median and also the session resistance level of 109,000. In case of breakout of the 109,000 level, it will rise to the upper region of the channel, 111,000.Longby foxforex3442
CADJPY Bounce off Demand Zone?This is a head up! I shall be watching this pair closely. The plan will be to open a LONG position when I get the close of an hourly candle showing a bounce to the upside. This is consistent with the 4H and Daily trend direction. I shall be waiting for a pin bar, engulfing or tweezers. I shall place the stop below the zone at about 107.55. If the price drops below the zone that this idea will be scrapped. NOTE. Canadian CPI is due for release 12:30 GMT TODAY so I will NOT be opening a position until after this data release.Longby ratcatcherUpdated 3
CadJpy Trade IdeaGood Morning ! There's 2-3 set ups I see this morning that could potentially play out. First set up for me is gonna be CJ. As of now CJ seems to be respecting the resistance level marked out. If price can break below the 4hr HL then we would have a shift of structure. Confirmation for me will be a bearish engulfing right after the retest to confirm our shift in structure. I'll personally be looking for a 1:4rr on this set up. Shortby OfficialJ230
CADJPY LONGCadjpy on structure formed a w pattern, which isnt completed as yet. So anticipation on technicals illustrated would we are still yet to push high.Longby Lereko-Mohau000
CADJPY-SHORTCADJPY was trading in a bullish trend,as it has formed a bearish divergenc so we are expecting a bearish trend to start from hereShortby shanihamza0
CADJPY SELL 4 HOUR TIME FRAMESTRONG SUPPLY ZONE Lower Lows being created Price has to feel the gap below Expecting a 12:1 reward, Let's see! OPTIMISTIC TARGETShortby sebbyj6224
CADJPY SELL 4 HOUR TIME FRAMEStrong SUPPLY ZONE Lower Lows being created Price has to feel the gap below Expecting a 4:1 reward, Let's see!Shortby sebbyj63
CADJPY SellCADJPY Trade Idea Sell Stop Loss: 109.2 Targets: 108.4 108.3 108.2 108.0 107.7Shortby MoneyGangPhone0
Shorts for CJ this weekCJ is currently forming a selling opportunity to feel up all the gaps that have been formed while it was forming the new highs on the monthly and weekly time frames Shortby Leyani4
CADJPY - Long TradePrice swept liquidity below and broke the structure, so I would expect to see price trade higher at the equal highs (key liquidity level) Keep it simple and consistent!Longby Maks_Klimenko116
CadJpy Trade IdeaYou know what day it is! Gonna start this Sunday off with possible short set ups for CJ. I was looking for CJ to continue heading to the upside. I ended last week with a break even on CJ. CadJpy is currently back below a daily level of resistance with bearish structures to support our push to the downside. As long as CJ can maintain bearish structures below 108.8 we could definitely short the pair for the rest of the week. The break and retest of the level I have marked is CRUCIAL because it'll be the shift of higher time frames as well. That break and retest would break the last HL on higher time frames. I personally wanna see the shift at that HL being 107.800. From there we'll be clear to the downside.Shortby OfficialJ232
SELL TO BUY IDEADISCLAIMER THE BELOW IS JUST MY VIEW AND THOUGH, TRADE AT YOUR OWN RISK Before i give my view i would like to clarify something first the CADJPY is quite bullish with a Pearson square of +0.8 but it took out a significant high which i would like to clarify as an ERL, hence i am expecting a pullback of the current impulse leg, the price is currently trading at premium hence sellers may dominate until buyers kick in at discount, currently i have two poi's that i believe prices may react at to resume the uptrend. 1. The imbalance at the equilibrium of the range 2. The demand zone below the imbalance That is my approach and hence my idea sell to buyLongby Kush01
CADJPY pt 2Had time for a transparent post which is one of the more important posts you should pay attention to. I was in profit in hopes of price reaching my take profit easily. Price wasn't ready, so it reversed and took me out. I have no feelings about this trade and I would take the same trade every time I see it. Followed my rules and I controlled my risk so I lost exactly how much I wanted. Last month I made 50%+, so far this month I'm down -10%. I am going to still end this month profitable through the power of risk management , discipline, and applying my strategy. This is the mindset you have to have to be a profitable trader. Learn , Create a plan, and stick to that plan.Shortby themarketmafia1
CAD/JPY October Setup: Bearish Divergence Confirmed with TDI CAD/JPY October Market Structure and Trading Analysis In the month of October, the CAD/JPY pair is exhibiting a classic open high-low-close structure, indicating a potential sell setup. This bearish outlook has now been confirmed with a TDI (Traders Dynamic Index) cross, signaling the appropriate time to consider sell entries. Key Technical Highlights: 1. Bearish Divergence: A significant bearish divergence has been present since July 19, 2024, continuing to the current market price. This divergence suggests weakening bullish momentum and a likely shift towards a downward trend. 2. Open High Structure on Daily Timeframe: The daily chart for October reflects an open high structure, which is a strong indication of a bearish trend for the remainder of the month. 3. Overbought Conditions: Following a bullish breakout that began on October 1, 2024, the market had reached overbought levels, creating a favorable scenario for a reversal. 4. Confirmed Bearish TDI Cross: As of October 10, a bearish TDI cross has occurred, confirming the presence of sellers in the market. This cross is a key technical indicator, signaling that sell positions are now supported by market conditions. **Take Profit Targets:** - **Take Profit 1:** 107.250 - **Take Profit 2:** 106.500 Trading Recommendations: Even though we have the confirmation from the TDI cross, it is essential to remain cautious and ensure that valid signals continue to align with the overall market conditions. Always apply risk management strategies to safeguard your capital while trading. If this analysis has been useful, please feel free to like, comment, and follow for more updates. I’ll be sure to follow back. Best of luck with your trades! --- Shortby ezeepips114
cadjpy CAD/JPY on the brink of a breakout! Will it rally higher or take a dip? Let’s dive into the analysis and see where the momentum takes us!by Code-bread0
CAD/JPY Potential ShortHi Traders. 1.HTF Bearish Impulse 2.Correction Structure 3.Triple Top and HnS Pattern 4.LTF Bearish Impulse and Bearish Correction Wait for the breakput from the current correction structure to confirm this setupShortby ltdcrack880