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CADJPY

CADJPY H4 | Potential bullish bounce?CADJPY is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 106.888 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 105.888 Why we like it: There is a pullback support that aligns above the 61.8% Fibonacci retracement level Take Profit: 108.008 Why we like it: There is a swing-high resistance Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
CADJPY H4 | Falling to pullback support?CADJPY is falling towards a key overlap support and price could potentially bounce off this level to climb higher. Price could hit the buy entry at 106.876 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Take profit is at 108.003 which is a swing-high resistance. Stop loss is at 105.848 which is a pullback support that aligns above the 61.8% Fibonacci retracement level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. 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. 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. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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. FXCM Australia 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 FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Long
by FXCM
GBPCAD - Ready For A 500pip Tumble!GBPCAD is currently in a correction. We could very likely be in a 335 flat correction, which would make wave C 5 waves as opposed to the 3 waves shown in the chart. Either way, we'll be looking for a short from these levels. Trade Idea: - No safe entry for this trade - Risk Entry now with tight stops above the recent highs - Invalidation for this scenario will be once we move past the highs of 1.7333 - Main target is: 1.661 (500pips) Please bare in mind this is a risk entry. Goodluck and as always, trade safe!
by WicktatorFX
1
CAD/JPY Bullish setup before CPIOn CAD/JPY, we have a bearish setup on the daily timeframe, but on the H1 chart, we can already see a reaction at a previous support, resistance, and now newly formed support level at 106.70. In this area, the market could respond by breaking the bearish trendline and subsequently initiating a slight rebound above the trendline, aiming to reach the daily high at 108.15. Potentially, it might be considered to enter even in the case of a bounce off the trendline. However, it's always necessary to wait for the right confirmations, which can also be sought on the M15 chart in this instance, given that we are working with an H1 chart. Let me know what you think. Best regards, Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
CAD/JPY WHAT DO YOU THINK ABOUT THIS?I entered a short position on CAD/JPY following a strong confirmation signal around 107, where there is a Forex48 block, indicating a potential reversal zone for a short trade. I used this zone as my entry point just before the UK and US data releases. Currently, the trade is at breakeven after a strong impulse that almost hit my take profit. Please share your thoughts on this trade and any suggestions for improvement. Kind regards from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
2