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Cadjpylong

BUY CAD/JPYAttention Traders! Here's an exciting trade setup for the CAD/JPY currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains. Trade Details: Buy Range : Enter the trade when the price is between 114.88 and 114.90 . Profit Targets: First Target: 117 . Set this as your initial level to take some profits. Second Target: 117.50 . Aim for this level to maximize your returns. Key Points to Consider: Entry: Ensure you enter the trade within the specified range of 114.88 to 114.90 to optimize your potential profits. Profit-Taking Strategy: Setting two profit targets allows for effective risk management and maximized gains. Close part of your position at 117 to secure initial profits and aim for 117.50 for additional gains. Risk Management: Always consider your risk tolerance and use appropriate stop-loss orders to protect your investment in case the market moves against your position. This structured approach ensures you have a clear plan for entering and exiting the trade, balancing potential profits with effective risk management. Happy Trading!
Long
by FOREX-XONA
Intraday Trend Analysis - CADJPY, GBPUSD & AUDUSDToday, we're analysing CADJPY, GBPUSD, and AUDUSD. Key Note: Price is the leading indicator and reflects trader perception. We use price structures/wave structures to determine high probability price directions in the short, medium, and long term. CADJPY: Bullish trend continuation after a structural reversal. Look to buy after every pullback above 117.50. GBPUSD: Intraday downtrend. Strong momentum high yesterday. Sharp rejection during the New York session. Expect price to trade below 1.2620 after a correction. AUDUSD: Strong downtrend. Directional bearish wave structure. Look for a correction to break above wave structure 4 before shorting. High probability of a new momentum low below today's current low.
by Charts247TradingAcademy
1
CADJPY relentlessly bullish - going towards multi-year highsIchimoku Kinko Hyo is a complete trading system and I will be using it a lot more than I have been. Here are my reasons for continuing to be bullish on this pair: Tenkan sen (Conversion Line) thick blue crossed over Kijun sen (Base line) red line. Price – holding above the Kumo cloud Chikou Span (Lagging Span) black line is holding above price and the cloud. Kumo Cloud now – green color indicating bullish bias. Kumo Cloud future – green color indicating bullish bias. Thursday candle - hammer For stop, I will be trailing it below the Kijun sen. Target should initially be just below the recent (spike) multi-year high at 117.330. My trade idea is 1 day late, should have taken a long trade on Fri after the hammer candle but I did not see it. Pull backs usually happen and a nice big pull back would be very welcome as it would give a better entry. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Long
by Trading_Vista
3
CADJPY-Breakout Sparks Upward Momentum: Wave (3)/(C) in FocusHello Traders, Here is my analysis of CADJPY currency pair. The pair was confined within a sideways price action channel, characteristic of the corrective wave phase. Subsequently, it has broken out of this channel. What to Expect: We anticipate further upward movement, progressing through the sub-waves of wave (3)/(C). The projected target for this upward wave is a minimum of 116.006. These indicators suggest a strong potential for continued upward momentum. I will closely monitor the price action, as the breakout from the price channel has increased my confidence in the persistence of the upward trend. What are your expectations on this pair?
Long
by Samuel124
1
Buy CADJPY Triangle BreakoutThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a triangle pattern. Possible Long Trade : Entry: Consider entering a long position (buying CAD/JPY) above the broken resistance trendline of the triangle after confirmation. Ideally, this would be around 114.40 or higher if the price continues to rise. Target Levels: 115.00: This represents the height of the triangle, measured from its apex (highest or lowest point) to the breakout point, projected upwards from the breakout point. 115.23: This is a further extension of the upside target, based on the height of the recent price movement before the breakout. Stop-Loss: Once the entry point is confirmed, place a stop-loss order below the broken resistance line of the triangle, ideally with some buffer around 114.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
Long
by KABHI_TA_TRADING
1
7 Dimension Analysis for CADJPY 😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Bullish with Breakout of Structure (BoS) and impulsive move strengthening, lacking inducement 🟢 POI OB: Unmitigated 🟢 Traps: False Breakout observed at the start of the move 2️⃣ Pattern 🟢 CHART PATTERNS: Continuation pattern with a completed flag targeting a possible retracement 🟢 CANDLE PATTERNS: Record Session count of 7, Shrinking long wick ends indicating a short reversal. Last H1 candle shows the entry of climax players, suggesting a potential correction 3️⃣ Volume 🟢 Highest volume observed at breakout and start area of the move, but currently, volume is drying 4️⃣ Momentum RSI 🟢 Currently in a super bullish zone and heavily overbought, indicating a strong need for correction 🟢 Grandfather father son entries perfectly align; waiting for other entries based on this and SMC combine 5️⃣ Volatility Bollinger Bands 🟢 Significant expansion in the price suggests a need for cooling down or contraction and correction 🟢 Market still walking on the band; waiting for it to end 6️⃣ Strength According to ROC 🟢 Values: CAD > JPY, -0.88 vs -4.44 7️⃣ Sentiment ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ✔ Support Resistance Base: OB with FVG and liquidity sweep ☑️ Candles Behavior: Wait for price to reach order block areas 💡 Decision: Seeking buy entries 🚀 Entry: 115.210 ✋ Stop Loss: 114.389 🎯 Take Profit: 119.4 😊 Risk to Reward Ratio: 5 🕛 Expected Duration: 5 days 📚 SUMMARY: The analysis suggests a strong bullish trend on the H1 timeframe with indications of potential retracement. Traders are advised to wait for price action confirmation at order block areas before entering buy positions, aiming for a 5-day duration with a favorable risk-to-reward ratio of 5.
Long
by Optimum369
CADJPY → Trade Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . CADJPY long ! 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💰
Long
by TheGrove
6
CADJPY: Riding the Bullish Wave Towards New HighsHi Realistic Traders, let's delve into the technical analysis of FX:CADJPY CADJPY is currently trading above the EMA90 line, indicating a robust bullish trend . The formation of a symmetrical triangle pattern further supports this trend continuation. On March 28, 2024, the price broke out of the symmetrical triangle pattern with a bullish full-body candlestick , affirming the bullish sentiment. Subsequently, an inside bar pattern emerged, and the recent breakout above its high suggests a potential upward movement toward the first target area. A retracement to the previous resistance zone is anticipated after reaching the first target, followed by a potential push toward a new high or the second target. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
8
CADJPY LONG CADJPY trade I took is different from the NZDUSD LONG I took earlier on. CADJPY is a continuation of a "proven" product over "years" as marked in the chart. Whereas NZDUSD is trying to "revolutionise" the "industry" by reversing the trend from short to long. CADJPY to me is a quickie as marked, I will take two orders both for 1R TP. The first order is strictly 1R TP or less and the second order might be a trailing stop order depending on how the market progresses. 1505SGT 18032024
Long
by ProfessionalDuckHunter