JPYCAD trade ideas
CADJPY Wave Analysis – 9 June 2025
- CADJPY reversed from resistance area
- Likely to fall to support level 104.00
CADJPY currency pair recently reversed down from the resistance area between the pivotal resistance level 106.00 (which has been reversing the price from March), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from January.
The downward reversal from this resistance area stopped the previous short-term correction 2.
Given the strength of the resistance level 106.00 and the daily downtrend, CADJPY currency pair can be expected to fall to the next support level 104.00.
CADJPY: Bullish Momentum vs. Overextension Risk!🚀 CADJPY Analysis 🚀
CADJPY is in a strong bullish trend on the 4H chart, with momentum still pushing higher. However, I’m noticing signs that the pair might be overextended 📈. While there could be a bit more upside, both the weekly and daily timeframes show price pushing into previous highs, which often leads to a retrace back to equilibrium ⚖️.
🔍 Key Levels:
I’m watching the Fibonacci 61.8% retracement for a potential pullback, with the 50% level also marked as a key equilibrium zone. I’m not looking to go long at these elevated prices—prefer to wait for a healthy retrace for a more optimal entry 🎯.
💡 Macro Consideration:
We also took a look at the NASDAQ 🧑💻, since tech stocks can impact the JPY as flows move between risk assets and safe havens. With a lower high forming on the NASDAQ, risk sentiment could shift, impacting CADJPY as well.
🗓️ It’s Monday—let’s trade cautiously and wait for the best setups! Patience pays.
Not financial advice.
CADJPY SHORTHello traders, here is my own thoughts on CADJPY Daily and 1h TF. On the Monthly/Weekly and Dily, the mkt is trending to the down side and since on the 10th of March 2025 the mkt have been in a consolidation up till now inside a support and resistance pivot point aera at the top and at the bottom. Right now i can see that price is at 105.639 aera the S/R/PP aera on the weekly/daily on to the 1h TF. So at this point i will be looking go short after a price action and a bearish candlestick pattern formed.
CAD-JPY Pullback Expected! Sell!
Hello,Traders!
CAD-JPY made a retest of
The strong horizontal resistance
Level of 106.083 and as you
Can see the pair is already
Making a local pullback from
The level which sends a clear
Bearish signal to us therefore
We will be expecting a
Further bearish correction
Sell!
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CAD/JPY "Loonie-Yen" Forex Bank Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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however I advise to Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for pullback entries
Stop Loss 🛑:
Thief SL placed at the recent / nearest low level Using the 30Min timeframe (104.800) swing trade basis.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
🏴☠️Target 🎯: 106.000 (or) Escape Before the Target
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CAD_JPY SHORT FROM RESISTANCE|
✅CAD_JPY has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 106.269
Price decline is to be expected
SHORT🔥
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Potential Long Opportunity on CADJPYReasons I think this pair will rise:
- RSI was oversold on Daily and 4H Chart.
- Price gave us a double bottom which is a sign of trend weakness
- Trend line tested multiple times and may be suitable for a breakout
- Price printed a higher low after making contact with the trend line
What do you think?
CADJPY SELL IDEAPrice finally broke and closed above the resistance on the daily chart. The market is currently in an uptrend, but I see the price coming in for a retest on H4 before a significant upside move. I'll be on the lookout for a reversal signal on lower TFS for an entry in the new week.
Feel free to share your thoughts...
CADJPY: Bearish Forecast & Bearish Scenario
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADJPY pair price action which suggests a high likelihood of a coming move down.
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CADJPY 4H Short Setup📘 Educational Caption for Your Trading Chat
🟥 CADJPY 4H Short Setup (Smart Money Strategy)
I'm currently short on CADJPY from 105.039 after price tapped into a refined supply zone and rejected aggressively, aligning with Smart Money Concepts (SMC) structure.
📉 Entry: 105.039
🎯 Target: 103.258
🛡️ Stop Loss: 105.642
⚖️ Risk-Reward: ~1:2.9 — decent asymmetric opportunity
This trade follows a recent Break of Structure (BOS) and a return to a premium supply area. The market showed signs of distribution before entry, increasing the probability of continuation downward.
🔔 Note: Smart entries rely on refined zones, not impulsive moves. Wait for confirmation, and let the market come to you.
⚠️ Disclaimer: Shared for educational purposes only. Always perform your own analysis and manage risk appropriately.
CAD/JPY ANALYSIS ANOTHER ENTRY This is cad/jpy analysis from four hours time frame, as we can see after price break previous high now price is heading toward demand level a good area for buyers to push the market up again were liquidity is located. Wait for change in character to happen in small times like 30 min before start looking for buying opportunities. Trade safe
CADJPY UpdateAs anticipated, price has rejected the horizontal level and is now pulling back into a key demand zone on the H1–H4 timeframe.
I’m watching this area closely for bullish confirmation to take a long position toward the upper target zone. If bullish price action does not appear and bearish momentum continues, we could see an extended move down toward the weekly 100.00 level.
That said, I currently favor the upside scenario, with the expectation that the highlighted upper zone will be met — but only if the market confirms.
This setup is still theoretical. Patience is key — we trade based on confirmation, not assumption. Stay tuned for updates.
CADJPY LongPrice recently broke structure to the upside (BoS), confirming a bullish shift in momentum after forming a double bottom around the 101.50–102.00 region.
Currently, price is consolidating beneath the 104.90–105.00 resistance area, with a clear lower timeframe supply zone just above. If bulls sustain pressure, we could see a short-term rally toward the 106.00 zone, where the next supply awaits.
However, the key level to watch is 107.600, aligning with a major Daily Timeframe Supply Zone. This zone may act as a strong reversal point or profit-taking area for swing traders.
CADJPYJust keep the chart simple. Price is currently on a descending channel, internally, we've seen a breakout from my trendline, a retest on it which holds and I expect price to continue falling, nonetheless, don't forget that price respects the little things that matters within the channel like support and resistance areas.
Cheers!
CadJpy Trade Idea UpdateI published a CJ short set up and stated my reasons for looking to go short on the pair. I just personally went short with price sweeping liquidity and retesting an area I was interested in. We even had the 1hr pullback before price gave the bearish engulf for confirmation. If all goes well we should see price dump until it eventually taps back into the weekly low at 103.250. We'll see how price plays out.