CADJPY going into bearish trend after bearish divergenceCADJPY is changing it's bullish trend to bearish trend. There has been a bearish divergence on the charts. Selling at this level and setting the stop loss above the high of bearish divergence.
JPYCAD trade ideas
⚡️CADJPY CMC TRADING ⚡️ RISING WEDGE & MAJOR SUPPLY ZONECADJPY is currently situated within a significant supply zone, raising the possibility of a potential reversal. Notably, the price has formed a robust rising wedge pattern, further bolstering the potential for a bearish breakout along the lower boundary. Confirmation of a breakout on the structure could pave the way for a substantial bearish trend on this currency pair.
CADJPY Trade IdeaMy forecast for this pair is Long, however, breaking the previous highest is also hard - as the RSI is in oversold part over 70. Thus, the short is also possible if the resistance is not successfully retested. lets see what happens. Good luck for all!
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CADJY... Bearish divergence in actionCADJY showing a bearish divergence ....the break of higher low can trigger a sell trade with mentioned tragets
Cad - Jpy Two entry I will haveIn other words, we have a choch (change of character) until the 4 hour time frame, which means the pair's direction will change. I'm planning to sell, and I'll have a few entries—one that opens a few positions in case the picture entry doesn't materialize—because, you know, that doesn't happen every time you collect that liquidity that's up.
I will attempt to utilize this position with one positive plus on my FTMO ACC at the beginning of the week.
The USD/CAD pair had the identical setup and entry point last week, but the news didn't influence Cad's trajectory, thus it fell into our trap.
Our goal is to rectify the situation this weekend so that we can begin with a strong positive score.
I should note that after TP1 is reached, I usually make a 70% profit by moving my stop loss to break even.
I prefer taking a daily 0.5% rather than chasing for a 4% and risking it all, although sometimes even 100%
CADJPY BUY IDEAThis setup I posted on the 8th of Jan and it hit TP it the T!!! I will link the previous post to this one
Chart pattern on H4 looks like bullish flag pattern
If market moves in bullish direction and break the H4 level wait for retest on 108.334 and bullish structure continue go long
1/5 Ratio Trade
If you are interested in my setups and would like to learn my strategy and how I see the markets, hit me up in the comments
CADJPY: TECHNICAL ANALYSIS.Hello traders,
Wave 4 has probably ended at 108.818 zone. Wave 5 is aimed at getting to 112.650 zone.
Thanks.
CADJPYapproached area of resistance
making new LH and LL
bearish divergence
sell stop at break of LL
sentimental trade sell
strategy 1 +2
CADJPY LONGWith the CAD showing strength and the yen weakening, there's a high likelihood of a continued upward trend, potentially reaching a target of 112.199, only if the price retest the previous high.
CADJPY Will Go Lower! Sell!
Please, check our technical outlook for CADJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 111.143.
Taking into consideration the structure & trend analysis, I believe that the market will reach 110.599 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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CADJPY - SellSell CADJPY when it breaks 110.782. It will most likely go bearish if it reaches that level.
I'll take two trades of 1% of equity each setting TP as 1:1 for one trade and 1:2 for the other trade.
When I hit TP1, I'll set the Stop loss of other trades as the Sell Stop level to make the other trade risk-free.
CADJPY IS IN BEARISH TREND CADJPY is printing bearish divergence on 1H time frame my trade plane is very simple when it break previous higher low i will take entry with stop loss of previous higher high
CADJPY - Top-Down Analysis 📹 From Daily To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #CADJPY.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
CADJPY → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up levels for BUY . CADJPY long from Support
! Great BUY opportunity CADJPY
I still did my best and this is the most likely count for me at the moment.
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CADJPY H4 | Heading into resistanceCAD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 110.313 which is a pullback resistance that aligns close to the 61.8% Fibonacci projection level.
Stop loss is at 111.150 which is a level that sits above the 100.0% Fibonacci projection level and the swing-high resistance.
Take profit is at 109.029 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
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BIG ONE short positionThis is a very strong swing from 2023 and in this area due to my personal strategy that includes volume and control points.please mange your risk and watch after CAD news
CAD-JPY Risky Short! Sell!
Hello,Traders!
CAD-JPY was going up
But has hit a horizontal
Resistance of 111.111
From where I believe
We will see a local
Bearish correction
Sell!
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Check out other forecasts below too!
CAD/JPY Cup & HandleOn the 30 min time frame we have a potential cup and handle pattern shaping up.
Currently the majority of traders have been short on this market for the past days and currently 72% of traders are selling. In combination with the price moving upwards, this creates a bullish indicator.
CADJPY - 4hrs ( Buy Trade Target Range 400 PIP ) 💵Pair Name CAD/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
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🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
——————————
Bullish Break
110.000 Area
Reasons
- Monthly Turn level
- Patter / choch Area Break
- Channel Middle Band Break
- Fixed Range Poc Area
- 3Q High Break
- Q High Break
- M High Break
Bearish Reversal
115.000 Area
Reasons
- Major Turn level
- Pattern Target
- Fibo Golden
- Y H Area
CADJPYCADJPY is in strong Bullish trend potentially printing HH and HL.
Buyers are strongly Active.
No sign of trend reversal here.
We buy at CMP.
CADJPY CUP AND HANDLE PATTERN Greetings, fellow traders, and welcome to our analysis! I trust your trading week is off to a splendid start.
Today, our focus turns to CADJPY, where an intriguing Cup and Handle Pattern is forming on the daily chart. If you're eager to delve deeper into the world of Cup and Handle patterns, feel free to enhance your knowledge by clicking here: (). But be sure to return here for the rest of this analysis!
Observing the price action, we spot a distinctive double bottom with a Low Cup at 104.247. At present, the price is positioned below the Breakout level at 110.624, and keen-eyed traders will note the ongoing development of the handle phase.
When the awaited breakout materializes at 110.624, we'll spring into action and execute the trade, securing our stops just below the previous low pre-breakout. Our sights are set on the first target zone: 62% at 120.845 and 79% at 123.620.
And that's not all – keep your trading antennas finely tuned, as additional setups may converge on smaller timeframes, further enriching our trading landscape.
Remember, trading is an ever-evolving journey. Stay vigilant, stay informed, and, most importantly, stay tuned for more exciting developments in the world of trading. Happy trading, everyone! 📈📉🚀
CadJpy- Break of resistance and new highs are expectedAfter the dip and the double tap in 104 support back in December, CadJpy started to rise again and resumed its long-term bull trend.
Now the pair is trading back to important 110 zone resistance and a break up seems imminent.
The recent dive under 109 was quickly reversed, which also adds to my bullish perspective.
In conclusion, as long as the recent low is not violated, I expect an up continuation and CadJpy could rise towards 115 in the medium term.
For shorter term traders, 112 is also a good target with 1:2 risk:reward
