CadJpy could rise 200 pipsThe long-term trend for CadJpy is clearly up, and at this moment, the correction started at the end of October looks done.
The pair found strong support in 89 zone, a zone that acted as support or resistance multiple times in the past.
As long as the pair stays above this zone I expect a new leg up and the first target can be 200 pips above, at 91.50 zone.
A break of this resistance would expose the recent high.
Buy dips can be a good choise
Cadjpylong
Dip back, push up.Don't forget to Click on the Follow button after reading and if you have any questions, please do ask them!
We looked at this asset previously long and after our targets were hit we looked short.
We now have the luxury of longing on the dip for a further move to previous targets.
Price direction is noted by our directional arrow.
Divergence and buying opportunity with CADJPYH1 time frame.
Structure: Downtrend.
At the support zone of 88.000, there is a divergence signal.
The current price has broken the Key level at 89.000.
Wait for the confirmation retest signal to appear, then you can find buying opportunities.
The profit target is the 90.500 price zone.
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Wish you all have a good trading day!
CADJPY LONGFX:CADJPY
OANDA:CADJPY
Entry points are as per written in chart.
Remarks:
1) The zone in yellow (Entry Area) are strong demand zone which price has a high tendency to react to
2) You can go long in the area if you want to but its a bit risky.
3) Personally, there's no confirmation yet for the upside move. Hence I will be waiting for that confirmation before I will place my trade
Cheers!
CADJPY LONG - Buy Entry - H4 ChartCADJPY LONG - Buy Entry - H4 Chart
Symbol: CADJPY
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Stop Loss: 90.275
Take Profit: 91.597
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
CAD/JPY 4HR CHART BUY SET UPHi everyone this is my trade set up for the CAD/JPY for the new week ahead
CAD/JPY i am expecting a pullback to the order block zones and will be looking for a BUY trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
CadJpy- Be careful with short tradesUndoubtedly, the trend for CadJpy is bullish and, the drop from above 93 is just a correction in my opinion, with overlapping tops and bottoms(also looks like a flag).
The pair found some kind of support around 90.50 and now is consolidating.
Although I don't rule out a spike under 90, I will consider this a good opportunity to buy in anticipation of a reversal.
Also CadJpy above 91.50 can be considered a buy signal
CADJPY ANALYSIS AND TRADE IDEA - SELL TO BUYHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
On the Monthly we are bullish with an ICI to the upside which the market is currently retesting the previous resistance turns support once we see a close above the support we can see a continuation to the upside.
Dropping down on the Weekly we have an over extended W formation where we can see a retracement to the neckline or the wick of the candle, we will base our take profit for this weekly trade on the impulse.
On the Daily we are also testing previous resistance turns resistance due to the closed below the structure, EMAs are about to cut for short though MACD still is above the 0.
Trade Signals
SELL
Entry: 90.832
Take Profit: 87.880 (295 pips)
Stop Loss: 91.775 (94 pips)
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BUY
Entry: 87.906
Take Profit: 95.263 (735 pips)
Stop Loss: 86.755 (115 pips)
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
CADJPY 🔥🔥🔥 OUTLOOKCADJPY 🔥🔥🔥-
If price should break 91.036 level, then we want to see a retest of our order block at 90.674 level before we jump into the wave.
Entry - 90.674
Tight SL - 90,520
Target - 91.984
RRR: 1:9🛩
If i do not see these confirmations, i will stay out.😢
PLEASE LIKE AND COMMENT TO ENCOURAGE MORE IDEAS
CADJPY Long Hard not to pass with potential RRCADJPY LONG
First Endty
ENTRY1: 91.111
FINAL TP: 92.082
SL 91.023
Second Entry if first one is stopped
ENTRY : 91.077
TP SAME AS ABOVE
SL 90.989
Reason for Entry
BOTTOM OF TRENED CHANNEL
POSSIBLE MOVE TO UPSIDE
RR HARD TO PASS
PLAN IF TO HOLD FOR SWING
OANDA:CADJPY
CADJPY all the way upWhat's up guys!
I'm looking for major buy setups on the retest as price break through the daily resistance zone
I would have entered on the break but I like using a more conservative approach when it comes to currency pairs
Based on the market structure , price can still make higher highs after the break of the 4H trendline and the last swing high showing the bulls back after a corrective phase
I still zoomed into lower timeframe to look for more setups to capitalize on this trade
I will not enter this if it doesn't fit into my trading style
What do you guys feel ?
CADJPY; Long Term uptrend has StartedIn the past week, CADJPY has broken above and retested a major Weekly/Monthly resistance for the first time in years, which indicates the trend is still healthy, and up. The next target is 98.650, althought i am planning to take some profits at the (A) pictured level, before i anticipate a potential Weekly retracement to the 91.400 support/resistance level before we continue up.
CADJPY Long - Possible Bullish Pennet Breakout OANDA:CADJPY
CADJPY has been very bullish. If we get another break above the triangle I will be entering long. T1 will complete the triangle break up and T2 for the pennet break up.
Approximates Entries, Targets and Stops.
Enter above: 92.46
T1: 92.82
T2: 93.18
SL: 92