CADJPY Long Clear bullish sentiment, absolutely no reason to be looking for shorts, anticipating a small pullback before next impulsive move to the downside
Cadjpylong
CAD/JPY MANUALLY CLOSED BEFORE TP HIT! RECAP WEDNESDAYWe entered CADJPY on Wednesday last week and again this was another trade that we had to be patient with. Eventually we started seeing drawback which we were confident that the trade would continue in a bullish momentum and hit our Take profit level. All though we closed our positions out early and secured a further +30 Pips to recoup the losses we had earlier during the week. with this trade secured we were now up +100 pips for 3 days (including our losses).
CAD/JPY Update +130 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
CADJPY - Bullish BiasCAD - BULLISH
1️⃣ The Bank of Canada kept the interest rate unchanged at 0.25%. Additionally, the central bank forecasts positive GDP growth in the first quarter of 2021 as the economy is proving to be more resilient than anticipated to the second wave of the virus and the associated containment measures.
2️⃣ Oil prices, one of Canada’s major exports, steadied around $64 per barrel, near an over 2-year high of $67.98 hit in the beginning of the week.
3️⃣ The economy advanced an annualized 9.6% in Q4, beating market forecasts of 7.5%.
JPY - BEARISH
1️⃣ A strong post-pandemic recovery in the US after the US Congress passed a US$1.9 trillion relief package Wednesday to support businesses and households battered by the coronavirus pandemic.
2️⃣ Producer prices declined 0.7% annualized in February, falling at a slower pace in February for a 3rd straight month.
3️⃣ Positive risk tone weighing on the safe-haven JPY.
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Technical
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We are looking to buy the CADJPY on RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
Prepare to short cadjpy!!Hey traders, this is my analysis for CADJPY, let me know your thoughts below!
CAD/JPY New Entry R:R 1:4.5This 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 - Retrace & ContinueThe bullish trend is gaining ground with no signs of slowing down. A potential short term sell-off may be near, this could lure some sellers into the market only for the price to reverse when it hits our order blocks marked.
CADJPY facing bullish pressure Price is taking support on 1st support level, in line with the ascending trendline support, horizontal pullback support, 78.6% fibonacci extension and 38.2% fibonacci retracement. Prices might potentially bounce to 1st resistance , which is a 78.6% fibonacci extension and -27.2% fibonacci retracement. If prices fall through the first support, prices might pullback to 2nd support which coincides with horizontal swing low support, 161.8% fibonacci extension and 38.2% fibonacci retracement. EMA is also below prices, suggesting a bullish pressure on the prices.
CADJPY LIVE ANALYSIS 07/03/2021We are expecting a drop down to our support region around 85.007, then we take a nice long position for about a 145pips
NB: Risk management highly adviced.
CAD JPY LONG AFTER CROSSING THE 85.566 VALUE , THE PRICE MUST CONTINUE ON HIS UPTREND , TO REACH HIGHER VALUE , WE HAVE ALSO A DIVERGANCE ON 4H & 1H TF , WICH CONFIRM OUR PROBA ...IF YOU WANT TO SECURE THIS TRADE WAIT FOR RETEST ON THE SUPPORT LINE ;
-> TARGET ABOVE 280PIP !
DON'T FORGET TO FOLLOW ME FOR MORE .
CADJPY facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above both the Ichimoku cloud and ascending trendline support, in line with our bullish bias. We could potentially see a bounce at our 1st support level at 84.867, which is in line with our 61.8% Fibonacci retracement and 161.8% Fibonacci extension, and a further rise towards our 1st resistance level at 85.542, which is in line with our 61.8% Fibonacci extension and horizontal swing high resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADJPY Daytrade (Long).CADJPY Daytrade (Long). Entry M15 green closed candle. SL: 84.179 TP: 84.974 RR: 2
CADJPY is facing bullish pressure, potential upside | 3 Mar 2021Price is facing bullish pressure from our ascending trend line where we could see an upside above this level.
New CAD/JPY Analysis To Catch More Than 200 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
Hi Traders Possible Bullish Continuation on CAD/JPYHi Traders
CAD/JPY (H4 Timeframe)
A high probability, entry to LONG is forming @ 85.083 after the market found support @ 83.588. Only the downward break of 83.588 would cancel this bullish scenario.
Trade details:
Entry: 85.083
Stop loss: 83.588
Take profit 1: 85.965
Take profit 2: 87.460
Take profit 3: 89.897
Score: 8
Strategy: Bullish Breakout
CADJPY Quickie! 15M / 2.5Phew!
A bad day so far, with a loss of 62+pips.
I saw an opportunity with this trade, let's try to pocket some pips with fat SL this time:
Entry buy: at 84.348
Stop Loss: at 84.269
Take Profit: at 84.547
We are risking 79 pisp for 199 pips rewards!
Good Luck!
CADJPY facing bullish pressure CADJPY is currently taking support from an ascending trendline. Price could pullback to 1st support which coincides with the 61.8% Fibonacci retracement before bouncing up to 1st resistance which coincides with the 100% Fibonacci extension . If prices fall further below our entry, then our stop loss can be placed just at the trend line where it coincides with the horizontal swing low support and the 61.8% Fibonacci extension . EMA is also below the prices, suggesting that price might be bullish and react off the EMA .
CADJPY facing bullish pressure CADJPY is currently taking support from an ascending trendline. Price could pullback to 1st support which coincides with the 61.8% Fibonacci retracement before bouncing up to 1st resistance which coincides with the 100% Fibonacci extension. If prices fall further below our entry, then our stop loss can be placed just at the trend line where it coincides with the horizontal swing low support and the 61.8% Fibonacci extension. EMA is also below the prices, suggesting that price might be bullish and react off the EMA.
