AUDJPY I Intraday long from demand zoneWelcome back! Let me know your thoughts in the comments!
** AUDJPY Analysis - Listen to video!
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CADJPY
✅TS ❕ CADJPY: reached the resistance✅✅ CAD/JPY reached the resistance area twice.
The chart is forming a downward structure.
The price will start to decline.✅
🚀 SELL scenario: short to 99.39.
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CADJPY SHORT positionThe idea discusses a bearish on the CADJPY currency pair based on a strong fundamental , as well as several bearish technical signals. The analysis recommends placing a stop loss to manage downside risk and advises traders to do their own research and due diligence before making any trading decisions.
Possible Downturn in CADJPYThe CADJPY is still in an uptrend, although it has shown signs of weakening over the past three weeks. This is evident from the converging peaks and the inability to make new highs, as well as the appearance of divergences on momentum indicators. By examining the weekly chart, it is clear that there is a Doji candlestick, while the daily chart shows a bearish engulfing candlestick pattern, indicating strong selling pressure. Looking at the 4-hour timeframe, we can study the movement based on the general direction of the currency, and we can see that the price has formed a triangle pattern, which it is still responding to. We are waiting for the price to retest the upper edge of the triangle as a final attempt to climb before breaking the triangle and heading down towards 99.5.
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CADJPY: Nice 5:1 SpottedSpotted a nice move here, we've broken through and retested resistance (now support), whilst respecting the long term dynamic trendline on the daily.
I'm going to get involved with this 5:1 opportunity.
I don't expect JPY to be weak for too much longer so I'll be watching this one closely!
CADJPY I Potential long from supportWelcome back! Let me know your thoughts in the comments!
**CADJPY Analysis - Listen to video!
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CadJpy LongI am looking to long CadJpy once it breaks the 99.257 resistance and closes above it. It might first bounce and come back to retest the 96.234 support to create a Head & Shoulder pattern before it goes long but I will wait for confirmation.
My setup will be invalid if it fails to break the above resistance and breaks the 95.400 and closes below. That is when I will start to look for short opportunities
CADJPY - 2hrs ( Buy Trade Target Range 180 PIP ) 💲Pair Name : CAD/JPY
🗨Time Frame : 4hrs
➕Scale Type : Large Scale
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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 ( ↗️ Long )
Type : Mid Term Swing
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🔰Bullish Break
100.550 Area
Reasons
🔘- Major M / Turn level
🔘- Visible Range HVn
🔘- Poc Area Break
🔘- Bullish Flag Pattern Break
🔘- Prev M / D High
🔘- Fixed Range Hvn
🔰Bearish Reversal
102.500 Area
Reasons
🔘- Major Turn level / w
🔘- Visible RangeLvn
🔘- Pattern Target
🔘- Fibo Golden Zone
CADJPY - Bullish OutlookCADJPY : With Canadian Dollar Announcements today. Looking for above 2 scenarios. I think CAD will get stronger after announcement. Plus Rising oil, prices , interest rate differential will favor the CAD and Bad for JPY. Charts explains the rest.
Do comment on the idea and odds
CADJPY UpdateA quick update to my CADJPY analysis yesterday, nothing has changed in terms of our initial bias which is Bearish.
Price has now progressed after another manipulation and Failure to continue higher.
We want to continue to be bearish below 100.43
A break below 100.10 should accelerate the decline.
Updated Stop Loss is now 100.43.
Disclaimer: This is not financial advice.
CADJPY Potential for Bullish Rise to overlap resistanceLooking at the H4 chart, my overall bias for CADJPY is bullish with the current price being above the Ichimoku cloud,
Looking for a buy entry at 100.159, to retest the overlap support and 23.6% Fibonacci line. Stop loss will be at 99.452 where the recent low and overlap support is. Take profit will be at 101.054, where the previous swing high and overlap resistance are.
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CADJPY Potential for Bullish Rise | 27th February 2023Looking at the H4 chart, my overall bias for CADJPY is bullish with the current price being above the Ichimoku cloud ,
Looking for a buy entry at 100.159, to retest the overlap support and 23.6% Fibonacci line. Stop loss will be at 99.452 where the recent low and overlap support is. Take profit will be at 101.054, where the previous swing high and overlap resistance are.
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Plausible Bullish doubt on CAD/JPYI an able to spot a good trade opportunity on CADJPY, but at the moment, the direction is not very clear, since the pair has been ranging since Monday Open.
I keep wating for a nice Trend to join at the top pr bottom. A break above the supply zone would mean Buy for me while a break below the demand zone would mean sell. Both entry will be taken in 15Min TF and i have to see a divergence to support the entry of the trade.
You can watchout for either
Feb 24 CADJPY Short-term bear before LONG PositionMTF Analysis
Monthly TF had a big push up from tapping the 38.2 Monthly Fib retracement.
On a weekly TF, this retracement bounce on a Monthly 38.2 Fib is a bull run.
This weekly TF bull run has run out right at the previous month's high, previous week's high, and prev day's high -- which was the best entry point had i done Wyckoff analysis earlier
Anyway, since price has ran out of gas on this weekly bull run, it's actually about to break the weekly/daily trendline it's been bouncing off of.
My bias is that price will retrace from a Weekly TF perspective to the 38.2 weekly fib level which also perfectly aligns with the previous week's low & an H4 imbalance/inefficiency.
Fundamentals to support my bias.
JPY had a good inflation YoY rate this morning.
CAD had some wobly numbers from yesterday's economic updates.
CADJPY | Buying Opportunity? Hello Traders!
CADJPY - could be a good buy opportunity, the overall bias is bullish, we do have a squeeze at the moment, but I believe the bullish momentum will take this trade further, and once it breaks the resistance this trade has huge potentiall to go much higher.
Obviously you can wait for a break of resistance and a pullback which would be a even more solid trading setup, however for those that are not that patient, can enter now and close a portion on resistance to manage risk.