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CADJPY

20 Reason for Buy CADJPY🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️ ✨ Eagle Eye: On the yearly chart, the price has been consolidating within a range since 2008. After a 3-year bullish momentum, the price is currently forming a yearly inside bar. This indicates a potential trend reversal and demands close attention. 📆 Monthly: Following a valid change of character, the price has mitigated the monthly FVG with a significant liquidity sweep, as demonstrated by the monthly hammer. As a result, expectations are bullish for the upcoming monthly sessions. 📅 Weekly: The FVG has already been mitigated, and over the last two weeks, the price has shown strong reversal signs, indicating a potential trend shift. 🕛 Daily: After forming a daily high, the price has filled our FVG and formed a narrow range and inside bar. We can anticipate a buy entry at the initial breakout. 😇 7 DIMENSION ANALYSIS 🟢 Analysis Time Frame: Daily 1 Price Structure: The bearish momentum has been halted. 2 Pattern Candle Chart: The price has formed a double bottom, inside bar, and narrow range pattern, which indicates a potential reversal. 3 Volume: No significant volume has been observed during the correction, which favors the bulls. 4 Momentum UNCONVENTIONAL Rsi: The RSI has shifted from bearish to sideways, indicating a potential trend change. 5 Volatility Measure Bollinger Bands: The middle band is providing support, indicating potential bullish momentum. 6 Strength ADX: The ADX indicates that the price is currently in a sideways trend, and further confirmation is required. 7 Sentiment ROC: The CAD is stronger than the JPY this week, indicating a potential bullish momentum. ✔️ Entry Time Frame: H4 12. Entry TF Structure: Bullish engulfing pattern. Entry Move: Impulsive. Support Resistance Base: CIP support level. FIB: Trigger event has already occurred, and a trend line breakout has been confirmed. ☑️ Final Comments: Buy at the open low. 16. 💡 Decision: Buy. 🚀 Entry: 97.864. ✋ Stop Loss: 97.358. 🎯 Take Profit: 100. 😊 Risk to Reward Ratio: 1:4. 🕛 Expected Duration: 10 days.
Long
by Optimum369
CADJPY - The Perfect Breakdown!CADJPY has been one of our favourites. It's been following the Elliott wave schematic perfectly. We posted a SHORT setup in October 2022, which played out perfectly. We are in a 5 wave impulse and currently on the 4th wave. We have one last move up before we complete the wave 4 ABC correction. Trade idea: - Watch for a break up of the current correction - Target the highs of wave 4, 100.5 (400pips) See below for our VIP setups on CADJPY. Goodluck and as always, trade safe! 1. 2. 3. 4.
by WicktatorFX
2
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. - The reason for that is because the Central Bank of Japan did not intervene in the long term to strengthen the JPY, they are strengthening the JPY in other ways without raising the rate. Meanwhile, the price of OIL has gone down a bit, so the CAD has become very weak in the last few days. Anyway, as expected in the BOC RATE DECISION the other day, the RATE HIKE was done. - But somehow the CANADIAN CENTRAL BANK has become HAWKISH. Therefore, CADJPY should definitely be slightly UP until the 103.110 LEVEL. Before that, there is definitely a very high possibility to sell to the 95.92 LEVEL. So FOLLOW STRUCTURES. If JPY becomes strong, it can sell at 93.01 level.
by benny_marshall
JPYX Correction ENDING soon. **READ**JPY INDEX correction is coming to an end and how does this helps us make good money? JPYX goes DOWN, xxxJPY goes UP like fire! Direction is currently BEARISH (Reason - PA, BB, EMA CLOUD, ICHI,DIV anticipation) // ENTRY for xxxJPY // When JPYX reaches those zones, take a LONG on xxxJPY (CADJPY, CHFJPY, AUDJPY, NZDJPY preferably) and also there's a room for scaling here. // INVALIDATION // IF JPYX close ABOVE PWH then we need to hedge out and roll out the position (Learn this in the channel). TARGETS - We will exit our xxxJPY trades when JPYX hits 200EMA on H4 P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
PEPPERSTONE:JPYX
by TheHOODofCRYPTO
CADJPY: Mixed patterns. Trade these levels only.CADJPY is trading inside a Channel Down pattern with the 1D technicals neutral (RSI = 51.739, MACD = -0.070, ADX = 39.994). Right noe the price is on the 1D MA50 and is bearish within the Channel Down targeting for its bottom (TP = 94.250). In spite of that, with a 1D RSI on HL and last time the price was on the 1D MA50 from a leg up, extending to the top of the Channel Down, we might see the emergence of a Channel Up targeting the 1D MA200. As a result, if we see a break over today's High, we will buy and target firstly Fibonacci 0.382 (TP = 100.400) and secondly Fibonacci 0.5 and the 1D MA200 (TP = 102.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
CADJPY Will Go Lower From Resistance! Sell! Take a look at our analysis for CADJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 98.863. Taking into consideration the structure & trend analysis, I believe that the market will reach 98.004 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1