What I'm seeing on CADJPY!My trend lines have been respected beautifully lately. lets see how this new week goes.
Cad-jpy
CADJPY ANALYSISCADJPY rejected from uptrendline with bullish movement at level 79.099
Price is based above HVN at level 79.15 which indicates that pair is in accumulation phase
RSI reached oversold region
It's expected for coming bullish wave to target supply zone at level 80.15
Breakout pullback trading opportunity on CADJPY
Looking at the possibility of a breakout continuation trade.
79.52 is the key level to watch for to see if price holds.
As price pulls back to this level, I want to see how much it slows down. If it fails to make a significant breach below this level, it would be possible to buy into this pair.
CAD/JPYCADJPY had broken the local resistance level and tested it. So, now it's the best buy place and our target is near the previous highs.
Please, let me know what you think in the comments below.
I hope you have great success with all your next trades.
Best regards EXCAVO
CAD/JPY: Buying it now Price is :
- above the current pattern and acting as a support now
- above all EMA
- above pivot level
CAD is very strong against JPY = buying the pair!
Targeting next fib level around 80.230 - 80.250 levels. About 20 pips for this trade.
Check my past ideas to understand the way I trade.
Trade at your own risk
CAD/JPY AnalysisThe price has broken out of the Ascending Channel and went up straight into the liquidity zone and reached the weekly supply level, targeting the 80 mark.
The sellers defended the zone and forced price down to the top of the Ascending Channel. Price bounced from 79.40 (which is the top of the ascending channel and also a Fibonacci support area). First move (Buy) completed. Buyers have pushed price backed into the liquidity zone and with good news coming from Canada (CPI was 1.10%, better than expected).
Will the Buyers break the 80 mark or will the Sellers win and delay the breakout?
CADJPY Price is testing our bearish zoneThis is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CADJPY long trade. Good morning fellow traders this is a long postion i am planning on taking on CADJPY where i would like to react to the break of the triangle being broke and then the push to the upside and then the final retest and then i will find entries on a smaller time frame to ride the trade too the top. this is also based off of the CAD Core retail sales that is predicted to be 12%.
CADJPY - SHORTWatch top for sell. Messy pair so will just sit on the sideline till I see something clear
CADJPY - SHORTWatch top for sell. Messy pair so will just sit on the sideline till I see something clear
Two Scenarios on CADJPY by ThinkingAntsOkMain items we can see on the chart:
a) The price is inside a major descending channel
b) We observed a bounce on the lower trendline of the channel
c) Currently, we can see the price inside a range (yellow lines)
d) We have two scenarios after the breakout of the structure
e) If you are interested in trading this analysis we will wait for the breakout and then we are going to look for corrective structures on the 30min chart
CADJPY **Do you like consolidations?**This pair has been stuck in this range over month and the best way I can say is to myself and I tell others - Let it break out in the direction it wants to then trade the pull back trade to follow the momentum trade it goes to with confluence adding Fibonacci retracement. PATIENCE.
***Maybe add alerts to the chart and see it reacts at certain levels or trend lines!***
Just a trade idea, not a recommendation...
CADJPY buy opportunity follow me for more free accurate trades, check previous ideas, like and comment if u have a question or different opinion.
CADJPY broke out of box structure, headed for supportFX:CADJPY has just broken out of the strong box structure, retested it, and is now making its way to the support at 78.492. Also, currently the Yen is much stronger than the Canadian Dollar which makes it more obvious that this pair is going to drop
Entry @ 78.838
SL @ 79.150
TP @ 78.521
CADJPY Very Good Trade with 3 Confirmations!CADJPY is in a pullback.
Price is also in a good trend line (Red line).
Price is touching the 23.6 Fib Level.
As a confirmation we got a 4H bearish pinbar.
CADJPY - SWING - 13. JULY. 2020Welcome to our weekly trade setup ( CADJPY )!
-
1 HOUR
Bullish price action and break above main sr level.
4 HOUR
Overall strong waving market structure, good long entries.
DAILY
Price at its low about to push up now..
-
FOREX SWING
BUY CADJPY
ENTRY LEVEL @ 78.880
SL @ 78.450
TP @ 79.500
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
CADJPY Bullish OpportunityUsing the Market Structure in the pair above we realize price closed at a degree where both sides of the battle will be in a bit of a tug of war situation. The idea of entrance ideally would be very aggressive in these circumstances but using proper risk/reward, an entry can be found in lower timeframes that allows the trader to come out with profit. Looking left of where price is at, we see price broke below a major area of support then progressed to breaking above it, telling us this swap zone has the volume and momentum to produce another impulse as result of this analysis.
CAD JPY LONG BUYOn the 4 Hour Chart this pair has shown signs of an uptrend as the Candian Doller Strengthens. There is a strong resistance at around the 78.00 mark which this pair has tried and retested multiple times. I can only see an increase in value from this point on.
Entry 78.55
SL 78.00
TP1 79.45
TP2 80.00
TP3 80.755
CADJPY touch and go 🦐The market after retracing till the 0.618 fib level of the previous move is now pushing up.
Price is in an accumulation phase below a strong historical resistance and if the market will manage to break and close above it we can look for a nice long arder according with our strategy.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
CADJPY Long - FlashcardCADJPY Long
Direction: - The pair was in Bullish OrderFlow.
- It was in a Bullish Cycle and created a pattern within the H4 OB.
Entry: - W (Double Bottom) Pattern Formation on the H1.
- RSI crossed volatility bands (Shark-fin), indicating rise in the pair.
- Divergence occurred, indicating probable rise.
- MBL (Market Base Line) curved upwards which confirmed uptrend in pair.
- RSI was at the 32, confirming the pair was oversold.
- Entry 1 was at RSI, Signal Line Cross.
- Entry 2 was at LSB Retest.
Exit: - 18 & 25 pip SL @ just below H4 OB (Order Block)
- 30 pip TP 1 @ 13 EMA Cross
- 28 pip TP 2 @ just below YH
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.15). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 79.65
TP2= @ 79.95
TP3= @ 80.65
TP4= @ 81.40
TP5= @ 81.90
SL= Break below S2
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