CADJPY (02/06/2023)Hi Dear
Open Position : 98.500
S/L : 99.300
Take Profit : 93.900
Wait for news
Important (HIGH)
Ivey (PMI)
Best Regards.
CADJPY
USDJPY and CADJPY both SELLi do think both of these pair is to drive down this week - lets see how it goes.
i do expect lows as 95.00 on CADJPY
and lows as 130.000 on USDJPY both by the end of the week.
CADJPY SHORTS i do expect these shorts on CADJPY to kick in hard. By friday i do see it go low as 95.555 as liquidation levels. lets ee how this trade play out
#CADJPY- MULTIPLE OPPORTUNITIES TO GRAB!CADJPY, we need one final 300 pips sell off before price comes to our buying 'discount zone'. We expect JPY to show bullish momentum for a week or two, until sellers are exhausted and significant amount of buying liquidity emerges.
TAKE CARE AND GOOD LUCK
CADJPY, I am shortin CADJPY, I am short because there is POI available in the market and i am expecting an up move before down move.
Conflicting trading ideasOn both Daily Chart and 4-Hourly chart, there is a Bullish confirmation from the Daily Chart Bullish Crab Pattern's with Wedge and RSI Divergence setup and 4-Hourly chart a potential Bullish Flag Pattern.
Personally I'm waiting for a counter-trend trading opportunity on the Bearish Shark Pattern 🦈 traded off at 97.95.
What's your trade plan for this pair?
CADJPY: Looking to retest ascending trendline & order blockPrice Action is suggesting that CADJPY will continue it's move up to again retest the ascending dynamic trendline that it's been bouncing around since the end of last year.
Looking at CADWCU and JPYWCU, CAD is looking bullish to me with a pinbar on the 1D time-frame, JPYWCU on the other hand has broken an ascending trendline (1D) to the downside and has just posted a bearish engulfing candle.
I'm positive about JPY long-term because of the way they've handled their economy, limiting inflation without interest rate hikes, and maximising exports (due to the low currency value). We're just not yet seeing the impact of this, due to the higher interest rates that can be earned with other currencies.
I'm looking to get in long when I see confirmation on the LTF's, this may mean CADJPY could drop a little with an initial retracement (maybe down to 97.2), this would of course generate a better RR.
CADJPYCatch a falling star tonight,
Put it in your pocket, hold it tight.
Wait for a rainy day to come,
And let your wishes all be done.
With every twinkle, every shine,
Your dreams will come to life in time.
So don't let go, don't you fear,
A brighter future is always near.
look like XAUUSD
all trades are for my research of,4
with help of COT and TA the analysis are mad
CADJPY - Short active ✅Hello traders!
‼️ This is my perspective on CADJPY.
I expect here bearish price action as price raid buy stop liquidity and rejected from bearish order block + institutional big figure 0.98000. We have huge imbalance lower that has to be filled.
‼️Attention!!! Due to the fact that we have a news on USD tomorrow, the analysis can be invalidated.
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✅TS ❕ CADJPY: descending wedge✅✅ CAD JPY broke the downward wedge.
The price has fixed above the pattern and is now trading near the range.
I think that soon the price will return to the range. ✅
🚀 BUY scenario: long to 97.78. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
CADJPY H4: Bearish outlook seen, further downside below 97.80On the H4 time frame, prices are facing bearish pressure from the resistance zone at 97.80, in line with the 78.6% Fibonacci retracement and 61.8% Fibonacci extension. A pullback to this zone presents an opportunity to play the drop to the support zone at 94.80, in line with the graphical low. Stochastic is approaching the resistance at 86.37 as well.
CADJPY Longterm uptrendInstrument: CADJPY
Chart pattern: Longterm uptrend
Optimal technical indicator: RSI DYN 14 EMA 20
Current signal of optimal tech indicator: LONG
Optimal technical indicator win-rate: 46%
Days for backtesting: 2231
Timeframe for backtesting: 1D
Price at the time of forecast: 96,7900
Enter point: 96,7900
Take-profit: on chart
Stop-loss: on chart
Current model trailing stop-loss: 95,5264
Multiple for stop-loss strategy in model: ATR(14) x 1
Average trades per month with optimum technical indicator: 4
Average time for 1 trade with optimum technical indicator: 6
Average profit per 1 trade: 0,14%
Projected annual return w/o leverage: 8,9%
Technical analysis applicability for 3325 technical strategies: 63%
Technical analysis recommendations:
Long: 32%
Short: 62%
Neutral: 6%
Stable long-term profit for FOREX, CRYPTO, Equity based on backtesting optimization algorithm. Instant analysis of 3.3K technical strategies
CADJPY Will Go Up From Support! Buy!
Hello,Friends!
Indecision in the market is changing
Towards a clear bullish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a good idea to go long!
Like and subscribe and comment my ideas if you enjoy them!
CADJPY 4HHey traders, in today's trading session i'm are monitoring CADJPY for a selling opportunity around 98.513 zone, once I will receive any bearish confirmation the trade will be executed.
CAD-JPY Bullish Bias! Buy!
Hello,Traders!
CAD-JPY broke the falling
Resistance line and while
Struggling, still is making
It's way up slowly so I
Think that we will see
A further move up
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Taking a Long entry to $CADJPY hereAt exactly London open we had some momentum. Therefore we shall see some movement to the top.
