CADJPY Bullish SequenceCADJPY appears to be carving out a wave 3 high, bulls will be watching for a three wave correction to ideally test trend line support towards 90.30 to re-engage on the long side to target a 5=1 93.50 upside objective
Cadjpylong
CADJPY - Bullish BiasCAD - Weak Bullish
1️⃣ Rising crude oil prices support the strength of CAD.
2️⃣ In August, Canada’s trade surplus increased to CAD 1.94 billion, from CAD 0.74 billion in the previous month, and surpassed the market forecast of a CAD surplus of 0.43 billion.
3️⃣ Canada’s IVEY PMI is forecast to rise in September following the easing of restrictions.
JPY - Strong Bullish
1️⃣ The fall in global stocks gave strength to the safe-haven currency JPY.
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Technical
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We are looking to buy the CADJPY if the risk sentiment turned positive, with a reversal pattern in price action.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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CADJPYBullish Indicators:
1) HH HL
2) Upward trend
3) Taking Support from the lower trendline
Bearish Indicators:
1) Resistance area at 88.698
Plan A: On the bounce from the lower trendline one can buy for the target of 88..698 and then for the 89.795.
Plan B: Failure to take a support from here one can take a short position for the target of 87.157.
long on CADJPY H4you long on CADJPY in H4 because it broked the top line of the channel and you can long on it after this pullback
CADJPY ANALYSISCADJPY just tested the 88.000 resistance and it got rejected, this pair has been in a range from 85.500 to 88.000 so we can look for a short if this pair keeps thisup. If the 88.000 resistance does get broken we can expect the pair to go up to 89.000 resistance. If the pair keeps rejecting the resistance we can look for short entries and ride the range until at least 86.600 or hold until 85.500.
CADJPY ANALYSISCADJPY breakout the trendline and wait the retest complete then we will take the order
CADJPY Bearish Analysis (Risky Trade)For the past few days, we witnessed some JPY strengths which as a result CADJPY was pushed down!
Technically the structure is downtrend BUT WE CAN NOT IGNORE THE PRESENCE OF a SUPPORT ZONE AT DAILY TIMEFRAME!
So if we observe any reversal pattern candlestick formation at daily support zone or lower timeframes like H4 and H1, it might be a good sign for bulls dominance on CADJPY!
Zigzag Wave @ CADJPY - BUY PAIRFriends,
CADJPY/EURUSD and GBPUSD are all correlated. Compare them using Daily TF if you feel like verifying.
Am going long with multiple positions strategically trapped inside the yellow box area. You might want to you stop and limit orders.
Feel free to sit this one out if you have already opened GBPUSD or EURUSD trades. Ultimately do not trade this signal if your trading system does not allow you to risk your capital on corrective or zigzag waves.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
FX:CADJPY
When You Can Buy CAD/JPY After This Huge Movement To Downside ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CADJPY Ripe for Another Bullish LegHello fellow risk-takers.
CADJPY has been in rather a choppy bearish consolidation and difficult to short for interested sellers.
This consolidation seems about over as overall demand has now picked up. Another rally is in the offing.
This rally is likely to be swift and decisive going up.
Watch out & take care.
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* This information is presented for entertainment only and shouldn't be construed as investment advice.
CADJPY - BULLISH SETUPFor past week, CADJPY shows bullish is about to happen.
We will wait for Wave 2 completes before we take our part.
Even our main target is Long, but Short (Short-term) for Intraday/Scalper also a reasonable setup.
Good Luck
CADJPY ANALYSISOn this pair we see a possible break either to the downside following this downtrend and breaking the support at 86.6, creating a big support break, or we can break this downtrend and break the 87.6 resistance, if we see a confirmation either to the upside or the downside we have alot of potential entries for both this trades so wait for confirmation from the breaks and then enter the trades at the desired price.
CADJPY Long Looking for long opportunity after recent price action on 4 hour timeframe. Clear bullish market structure forming plus upcoming retracement
CADJPY - Bullish BiasCAD - Weak Bullish
1️⃣ Rising crude oil prices, in addition to a risk-on market environment can support the strength of CAD.
JPY - Strong Bearish
1️⃣ Positive markets put pressure on safe-haven currencies like the JPY.
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Technical
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We are buying the CADJPY after it fails to break support level and bounced back.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
CADJPY 15mCanadian Dollar (CAD) / Japanese Yen (JPY)
15minute time frame
Long position
EMA 50 - 200
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THE CRYPTO PLANET
CAD/JPY New Long Setup After Confirmation To Catch 100 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Long-term The Canadian dollar picks up momentum as oil precise stays above $67.00. “Canada is headed for a federal election on 20 September. Historically, political developments hardly impact CAD which is more inclined to react to global macro metrics in the likes of commodity prices and terms of trade.”
The price has already retested support on an hourly basis, so there is every chance that the horse may have already bolted, (but buying at resistance is never a favourable strategy).
Waiting for opportunities in good price. on a retest of the support structure 86.60 and 85.50-85.75 area, bulls can target the daily liquidity area near 88.20-88.45.
Cad/Jpy Sell OpportunityCadJpy is in a downtrend and moved up a little higher than expected but a new wave down is expected now!!!
So I'm expecting a lower low and my TCP is the trend line at the bottom!!!! I have another take profit area below this. This is a swing trade idea that will take a few weeks to complete! If you trade it , you gotta be patient!
