CAD JPY - PRICE AGAIN BACK TO SUPPORT ZONE TILL 111.618 LINE CAD JPY - PRICE AGAIN BACK TO SUPPORT ZONE TILL 111.618 LINE make a short entry after beakout of up trend line as shown in the picture, follow for more live updates @FOREX_TRADER_007
Cadjpyanalysis
Short Opportunity on CADJPY According To Uptrend / Reversal Pattern / Divergence ON CCI / Reversal Price Action On Daily /Fibo Retracement to 50 and 61% .
CAD/JPY - Anticipating Downside Breakout from Key Support AreaOverview:
CAD/JPY has exhibited a significant pattern formation, indicating a potential shift in market sentiment. The XABCD Gartley harmonic pattern has materialized, with a notable rejection occurring at point D, coinciding with the critical level of 112.000. This rejection aligns harmoniously with the 4-hour Bearish Trendline, reinforcing the significance of this resistance zone.
Analysis:
The current price action finds itself positioned at a pivotal juncture, hovering around a key support area. This confluence of technical factors suggests a heightened probability of a downside breakout from the support zone. As such, prudent traders are advised to anticipate a continuation of the bearish momentum.
Trade Recommendation:
- Entry: Optimal entry presents itself upon a re-test of the price near 111.500, offering an opportune moment to enter short positions.
- Stop Loss: To mitigate potential losses, a stop loss is advised at 112.000, safeguarding against adverse market movements.
- Take Profit Targets: Targeting downside objectives, the first take profit level is set at 111.070, followed by a secondary target at 110.620.
Conclusion:
In conclusion, the technical outlook for CAD/JPY suggests a favorable opportunity for bearish positioning, supported by the convergence of the XABCD Gartley pattern and the 4-hour Bearish Trendline. Traders are encouraged to exercise disciplined risk management and adhere to the specified trade parameters to capitalize on the anticipated downside breakout.
Disclaimer:
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.
CAD JPY TRADE SET UP CAD JPY trade set up,
Trade confluences
1 Bouncing from a support level
2 Higher Highs and Higher Lows are currently forming so we are only looking for buy entry at the retest of the broken HIGH key level.
CADJPY Bearish Side Heist PlanDear Pro,Legend,Noob Traders,
This is our master plan to Heist Bearish side of CAD/JPY Market. Guys U can enter at my entry area or below, Our target is Dangerous area. Day Robbers loot and escape end of the day in this market, Swing Robbers can stay with us We can escape near the Target area.
CADJPY SELL OPPORTUNITYI analysed it, There is sell opportunity for CADJPY at market price and Price should go
down to 110
Enter Price 111.400 - 111.500
Target - 110.500 - 110.200
SL 111.900
This is my analysis for CADJPY
BUY CADJPY ON DIPS!!!HELLO TRADERS !!
As I can see this pair is now tested a strong support zone which is a very low risk entry for longs.
CADJPY is still going to move more higher than predicted level on weekly based timeframe friends it's just a trade idea share Ur thoughts with us it helps many other traders.
Stay Tuned for more updates!
CADJPY: Possible 300 PIPS Selling Opportunity! Dear Traders,
There is a good possibility that we can expect short term selling opportunity on CADJPY; saw some bullish exhaustion and price dropped created change of character. Though the price has risen up sharply to previous high, we still expect price to reject from the area around previous high. With 60 pips stop loss the setup idea look reasonable to take risk with 350 pips in take profit. Good Luck and Trade Safe.
#CADJPY: Major Swing Selling Opportunity, 300 Pips Expected! Dear Traders,
Cadjpy was extremely bullish in January since Yen plummeted to record low, making it easier for all jpy pairs to rise to the new level. However, since february Yen has started to recover and it is expected to remain bullish for entire march.
Right now, We are looking at price to come to our area of entry and reject it from there, with possible 300 pips selling opportunity can be targeted. Using of Accurate Risk Management is advisable and protect your capital at all time. Only take this idea as your bias.
Good Luck and Trade Safe!
CADJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity CADJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
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CADJPY : Short Trade , 4hHello traders, we want to check the CADJPY chart. After moving in an ascending channel, the price has reached the specified resistance level. If the price cannot break this level, we expect it to fall around 110,300. Good luck.
CADJPY: Potential Bullish MomentumThe CADJPY pair is showing signs of potential bullish momentum as it continues to print higher highs and higher lows, indicating an upward trend in price movement.
CADJPY AnalysisHello, traders I have been analyzing the CADJPY market trend for a while now and if you look closely it has created a rising wedge pattern on a Daily time frame for my understanding, this pattern signals a bearish move. So now I will wait for the price to break the trend line and that zone I highlighted and come back to it and act as resistance then I can look for long bearish trades. So what do you think about this one?
CADJPYThough we have a bearish outlook on the monthly charts, currently we are in a strong bullish correction that is printing higher highs seeking to mitigate supply zones (118).On the weekly charts we still have the same bullish bias.
On the daily charts, we are in a minor bearish correction targeting the weak demand zone between 108-94 price handle. On the 4 hour we are still in a bearish correction seeking to clear disequilibrium. If the price breaks below 104 then its targeting the weekly demand.
CADJPY - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to make a retracement to fill the imbalance and then to reject from bearish order block + institutional big figure 110.000.
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DeGRAM | CADJPY short opportunityCADJPY is moving in the descending channel and has made lower lows.
The price is creating a potential AB=CD pattern.
Price action formed a kill zone for the short opportunity: fibo level 38.2% and reaction zone.
We expect a bearish move and the completion of the AB=CD.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
CADJPYCADJPY traded into a sell territory amidst a overbought RSI.I expect the shorts to take over from here.
CADJPY - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
CADJPY Will Go Down!CAD-JPY retested the
Broken rising support line
And is now making a pullback
So I think that it will go
Even further down !
CADJPY BUY | Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity CADJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Cadjpy Short Trade Setup CADJPY SELL cadjpy is looking for the bearish trend and 110.80 is looking good retest level and we can add our short position here
if we talk about the weekly trend then weekly trend will be go down with strong Candlestick formation
CADJPY - back to basicsKeep it simple, back to basics.... whatever you want to call it, this chart is saying everything we need to know. A series of LH and LL or a break of structure - either way the message is clear.
You can go short right away, or on break of trendline or the s/r zone - depends on your trading style/risk tolerance.
Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
What do you think about this trade idea? Please comment and share your thoughts!!
CADJPY:🟢Is it bullish...?!🟢(Details on caption)
As you can see, the price took the sell-side liquidity and had a bearish reaction, in addition, we can see the price created the bullish breaker block and FVG.
Now, we can expect the price to move higher to collect the buy-side liquidity, for that, it may happen from here or retrace more to a bullish order block which formed on the 50% level Fibonacci.
💡Wait for the update!
🗓️01/03/2024
🔎 DYOR
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