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CADJPY

CADJPY OHLC MONTHLY STRUCTURE IN DAILY TIMEFRAME(Sell Setup) 🚨CADJPY OHLC MONTHLY STRUCTURE DAILY TIMEFRAME (Sell Setup) 🚨 The CADJPY pair is exhibiting a noteworthy OHLC (Open, High, Low, Close) structure in the daily timeframe. Currently, the price is being rejected below the resistance level of 104.589 . Anticipating a close below 104.088 , it is advisable to wait for a TDI cross to validate the presence of selling pressure in the markets. Once the cross occurs, the initial target would be 103.215 , followed by a second target of 102.914 in the daily timeframe. It is crucial to exercise patience and await the TDI cross before taking any action. Trade with Caution. Wait for valid entries. Please support this idea with LIKE if you find it useful. P A T I E N C E + D I S C I P L I N E
Short
by PeanutButter
CADJPY: Ideal sell entry now.CADJPY hit today the top of the HH trendline that started the Channel Up at the start of the year. 1D is naturally on firm green level technically (RSI = 64.634, MACD = 1.030, ADX = 45.677) but the RSI has been trading on a flat Rectangle since May 18th. It is the same pattern that led to the February 18th High. Our trigger level to sell is the crossing under the dotted Channel Up. Our target will be the 1W MA100 and bottom of the Channel Up (TP = 98.500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
11
CADJPY Successful Live tradeI am providing an update on the ongoing CADJPY sell trade. All the confirmation levels have aligned in favour of the short position, validating our initial analysis. As anticipated, the price swiftly broke below the 1dh (one-day high) and continued its downward movement, breaching the structure (4). This development confirms the bearish momentum in the market. The trade was eventually closed out at the trail stop, coming just 5 pips short of reaching the initial target. While the trade did not fully achieve our desired outcome, it still resulted in a profitable exit. Additionally, I have conducted analyses on the GBPUSD, AUDUSD, and USDJPY currency pairs. These analyses provide valuable insights into their respective market conditions and potential trading opportunities. Wishing you continued success!
Short
by Charts247TradingAcademy
CADJPY Trend Change, GBPUSD downside continuesToday, we are focusing on the CADJPY chart as we observe the final stages of the wavestructure. The recent pullback from the previous momentum high (3) has formed a significant pattern known as the structural failure, indicating a potential shift in the trend. Considering our trading rules, we have patiently awaited the completion of the wavestructure (5). Now, we have identified a sell pattern known as the Market Structure High, characterized by a formation of three candlesticks at point (5). Shifting our attention to the GBPUSD, we can see that it is currently experiencing a downtrend, with the price trading below the Momentum low (5). No trend changing pattern has emerged yet, suggesting that we should anticipate further downside movement in the cable. Enjoy trading!
Short
by Charts247TradingAcademy
CADJPY - 4hrs ( buy Trade Target Range 240 PIP ) 💲Pair Name : CAD/JPY 🗨Time Frame : 4hrs Line Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 ( ↗️ Long ) Type : Mid Term Swing ——————————— 🔰Bullish Break 101.400 Area Reasons - pattern Break Out - Visible range Lvn Break - Quarter High Break - Month High break 🔰Bearish Reversal 103.800 Area Reasons - Major Turn level - Pattern Target - Fibo Golden Zone - Visible range / D lvn
Long
by GoldenEngine
2
CADJPY Is Very Bullish! Buy! Take a look at our analysis for CADJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 103.219. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 105.007 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Analyzing CAD/JPY's Upward Trajectory Amidst USD/JPY's BullishThe CAD/JPY currency pair has been exhibiting sustained growth across various timeframes due to its significant correlation with USD/JPY. Notably, the USD/JPY pair has been experiencing a robust bullish trend, exerting downward pressure on the JPY and creating favorable conditions for the CAD to appreciate. A recent development of note is the price breakout of the Ascending Triangle pattern on the H4 timeframe. In light of this, our analysis suggests the likelihood of a new bullish continuation, aligning with the prevailing uptrend direction.
Long
by FOREXN1
15
CADJPY ____ LIQUIDITY SWEEP INCOMINGHello Traders, Have approached a monthly supply zone (marked with red). Price is meant to reach this level. Due to the fact that this is obvious to everyone, price manipulation will have to happen to ensure people are liquidated before the sell-off. One way the market does this price manipulation is to induce people and form a liquidity pool that it will sweep before the bearish expansion. As marked on my chart, you will notice that there is buy-side liquidity just below the monthly supply zone. Once the price sweeps this liquidity, I would have liquidated enough people before the selling begins. I will advise you to wait and see how the price reacts to this zone before you decide to look for a bearish setup to trade. Follow me for more updates like this. Cheers, David
Short
by jabariofafrica
1