CADJPYI already got my entry here at 110.756. I am looking to re-enter at 110.692 while i take partials at 110.520 and hold running till 110.134.
Check comment for 5min for entry criteria.
CADJPY
Short CADJPY...After false breakout above 111.00 level, Canadian dollar will weak and send CADJPY under 107.00
Trade safe.
Good luck.
CADJPY Will Go Down!CAD-JPY retested the
Broken rising support line
And is now making a pullback
So I think that it will go
Even further down !
CADJPY BUY | Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! 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 Short Trade Setup CADJPY SELL cadjpy is looking for the bearish trend and 110.80 is looking good retest level and we can add our short position here
if we talk about the weekly trend then weekly trend will be go down with strong Candlestick formation
CADJPY RISING WEDGE BREAKOUTThe CADJPY has recently confirmed a bearish breakout from a rising wedge pattern. This breakout follows a prolonged period of strong bullish momentum. With this bearish setup confirmed, we anticipate a retracement in price. Furthermore, a significant supply level has formed at the peak, suggesting increased selling pressure may ensue.
CADJPY: Next stop the monthly falling trendline?There's not much in the way of this move from what I can see.
Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed.
I'll be looking for sells around 115 with any LTF confirmation, but until then I'm going to be doing some long scalps not that local resistance has been broken and retested.
CADJPY - back to basicsKeep it simple, back to basics.... whatever you want to call it, this chart is saying everything we need to know. A series of LH and LL or a break of structure - either way the message is clear.
You can go short right away, or on break of trendline or the s/r zone - depends on your trading style/risk tolerance.
Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
What do you think about this trade idea? Please comment and share your thoughts!!
CADJPY:🟢Is it bullish...?!🟢(Details on caption)
As you can see, the price took the sell-side liquidity and had a bearish reaction, in addition, we can see the price created the bullish breaker block and FVG.
Now, we can expect the price to move higher to collect the buy-side liquidity, for that, it may happen from here or retrace more to a bullish order block which formed on the 50% level Fibonacci.
💡Wait for the update!
🗓️01/03/2024
🔎 DYOR
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CAD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
It makes sense for us to go long on CAD/JPY right now from the support line below with the target of 111.101 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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Strifor || USDCAD-01/03/2024Preferred direction: SELL
Comment: For the USDCAD currency pair, scenario №1 is already active, but we also do not forget about scenario №2 since there is a possibility that the American currency will strengthen in the short term. It should be noted that the Canadian currency , as well as metals, now has one of the strongest bullish power, that is, according to technical analysis and generated volumes, one can suppose about the likely growth of these instruments. Therefore, here it will be difficult for the American currency to achieve significant success if it strengthens.
This trade is medium-term, so several entry levels are considered that are located above the current price. The downside threshold is currently considered at the level of 1.35000.
Additional comments on this trade will be provided as situation changes. Follow us!
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CADJPY H1 | Potential bearish reversalCAD/JPY is is trading close to a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 110.795 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 111.280 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level.
Take profit is at 110.134 which is a swing-low support.
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CADJPY, failled breakout.CADJPY / 1D
Hello traders, welcome back to another market breakdown.
CADJPY has made a large leg down, which might result in a second leg down. The price is back to a Major key Level. I'm looking for a reversal pattern here.
Trade safely,
Trader Leo.
CADJPY - 4hrs ( Sell Trade Target Range 160 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
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
——————————
Bearish Break
110.500 Area
Reasons
- Major Turn level / M
- Fiixed Range poc
- Pattern Break
- D + W low Break
- Trend Break Out
Bullish Reversal
108.800 Area
Reasons
- Major Turn level / D
- Visible Range Lvn
- Pattern Target
- choch Area
- Fibo Golden
- Quarter's Area
CADJPYIs CADJPY exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 108.
What you guys think of it?
CADJPY H4 | Approaching pullback supportCAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 110.747 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 110.15 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 111.762 which is a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Analysis update on CADJPY [ 28 February 2024]this is an update from yesterday CADJPY analysis, as yall can see price went in the predicted direction. I'm honestly expecting more sells but anything can happen. I'll keep yall updated. Please keep in mind these are not signals and I don't provide financial advice or sell anything, I just enjoy analysing my charts and being active in the market. Yall can use my videos as ideas and please feel free to comment , share your ideas and tips. Please like and subscribe. Thank You.
#forex #forextrading #CADJPY #money #falconfx #happyfx
CADJPY On The Rise! BUY!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 111.01
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 111.44
My Stop Loss - 110.73
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Sell CADJPY Bearish Channel The CAD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Sell Entry: Consider entering a short position around the current price of 111.46, positioned close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the support levels of 111.07 and 110.82, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 111.70. This helps limit potential losses if the trend unexpectedly reverses.
Thank You.
CADJPY - 1H - LONG POSITION - SUPPORT & RESISTANCEIn this chart, we draw support & resistance lines and it clearly shows us it will bounce back from S1 and go upwards
so we trigger buy limit at the entry price of S1 and SL is S3 and take profit is R1
CADJPY 15m 1h LongIn CADJPY chart we have several items that show us price can goes up and this is a good position for Long . all of things are clear on the chart .
I will open a position at this area and will take a good profit in upper band of channel .
CADJPY Pair : CADJPY ( Canadian Dollar / Japanese Yen )
Description :
Break of Structure
Rising Wedge as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
RSI - Divergence
CADJPY Will Fall! Short!
Please, check our technical outlook for CADJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 111.409.
Taking into consideration the structure & trend analysis, I believe that the market will reach 110.837 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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