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
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.
✅TS ❕ CADJPY: growth after the wedge✅✅ CAD/JPY is trading above the range
I think the price will continue to rise. ✅
🚀 BUY scenario: long to 100.68. 🚀
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Remember, there is no place for luck in trading - only strategy!
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CADCHF Update I It will explode to the upside but be patientWelcome back! Let me know your thoughts in the comments!
**CADCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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jpy 225 index 🚀🚀🚀 The JPY225 index is on the move! 🚀🚀🚀
After dropping from 27,374, the index is approaching a major support zone at 24,700. This drop comes following the decision of the new governor of the Bank of Japan, Kazuo Ueda, and it could be a major opportunity for traders.
This move also lines up perfectly with our channel trading within support and resistance, so it's an exciting time to be in the market.
👀📈 Keep a close eye on the JPY225 index and see how price action develops. This could be a huge opportunity for traders!
#JPY225 #SupportZone #BankOfJapan #KazuoUeda #MarketWatch #Trading #InvestmentOpportunities #🚀📈
CADJPY: Bullish Outlook Explained 🇨🇦🇯🇵
CADJPY broke and closed above a solid horizontal supply zone on a daily.
The broken structure turned into a demand zone.
Probabilities are high that a bullish wave will initiate from that.
Goal for buyers - 101.0
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CADJPY 2H, Bulls exhausted. Time to Sell.CADJPY had a strong push upwards recently yet started moving correctively which is failing to push any higher.
As we know this is indicating a reversal is shaping up, which looking at the lower time frames, price broke out of the reversal structure currently developing a bearish continuation.
Look for a sell entry that fits your trading plan.
Thanks
Trade Safe
Bullish Setup on $CADJPYOur last idea did work but did not reach our tp: I overpredicted it
Reason for taking a long entry here:
Engulfing Bullish candle confirmation in H4
3 touch move on the downside
Liquidity pool at above 100
Psychological price level of 100 has not been hit yet.
Supply zone at 100.797 has not been filled yet (this will be our TP)
CADJPY - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on H4: Left Chart
CADJPY is sitting around a daily resistance and round number 100.0 so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CADJPY formed a head and shoulders pattern but it is not ready to go yet.
🏹 Trigger => for the bears to take over, we need a momentum candle close below the gray neckline to sell.
Meanwhile, until the sell is activated, CADJPY can still trade higher inside the resistance 100 - 101
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CAD/JPY likely heading higherThe CAD/JPY has pulled back a little after rising for 5 straight weeks, hurt by the sell-off in oil and the slight risk off tone across the financial markets.
However, the trend for the CAD/JPY is still bullish and we favour looking to fade the dips at or near support -- until the charts tell us otherwise.
One such support level is around 99.35ish, which was resistance in the past. It is possible the CAD/JPY may bounce here today and see rates resume higher.
Below this level, the next potential support area is around 98.75. Ideally, the bulls will not want to see the CAD/JPY go too deep below this level, for that would indicate the buyers are losing control.
Meanwhile, resistance is seen around 100.00, the psychologically important level. A clean close above this level could provide fresh impetus in the bullish reversal we have seen in the last few weeks.
By Fawad Razaqzada on behalf of FOREX.com
CADJPY: Bullish Outlook Explained 🇨🇦🇯🇵
CADJPY broke and closed above a wide horizontal supply zone on a daily.
The broken structure turned into a demand zone now.
Probabilities will be high that the price will bounce from that.
Next resistance - 100.95
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CADCHF I It will rise to the upside Welcome back! Let me know your thoughts in the comments!
**CADCHF Analysis - Listen to video!
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EURCAD I Potential intraday short from resistanceWelcome back! Let me know your thoughts in the comments!
**EURCAD Analysis - Listen to video!
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!