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Cadjpylong

CADJPY Long Term SELLING Trading IdeaHello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
CADJPY: The Thrilling Tale of Bulls, Flags, and Double Bottoms!The Epic Preamble Ladies and gents, forex warriors, and chart whisperers, gather around! We've got a thriller unfolding in the grand arena of currency gladiators: the CADJPY pair! Yep, that's the Canadian Dollar squaring off against the Japanese Yen. Since the 15th of August, they've been dancing in a tight ring, neither gaining the upper hand—until now! The Plot Thickens: Enter the Double Bottom! Imagine the suspense in a James Bond movie when 007's trapped but finds a secret escape hatch at the last moment. That, my friends, is the CADJPY's Double Bottom Formation—a bullish signal that says, "Not today, sellers!" It's like a trampoline at the base of our range; the price bounces but doesn't break through. The Bullish Flag: A Plot Twist We've Been Waiting For The latest chapter in our epic saga features a glorious Bullish Flag! This wasn't just any flag; it was the Gandalf of flags, standing firm and saying, "You shall not pass!" for 21 tantalizing days. But wait, there's a twist—the flag has been shattered, and the bulls are running free! With a whopping 3.9 million USD traded during its formation, you can bet this flag was the real deal. The Funda-Mental Supporting Cast Now, no epic is complete without a compelling backstory: The Canadian Chronicles: GDP figures in Canada are soaring like an eagle with a jetpack! Employment rates are holding steady like a lumberjack on a log. The Land of the Rising Sun: Japan, known for its Samurai and sushi, isn't doing its currency any favours with an ultra-loose monetary policy. Risk-on Showtime: The world seems to be in a mood for adventure, ditching safe havens like the Yen for more daring escapades with the Loonie (that's slang for the Canadian Dollar, eh!). Strategy: No Room for Weak Knees! Alright, thrill-seekers, we expect this epic tale to take a joyous turn for the Loonie. If you're in this rodeo, get ready for a wild ride upwards! But beware, young squire, dragons still lurk in the forest of financial markets. Any slips, trips, or dips should be your cue to manage those positions like you're juggling flaming torches. Use those stop-loss orders like a knight uses a shield! Roll Credits There you have it—a full-on drama, comedy, and action-packed saga all rolled into one currency pair! But remember, while we might jest and jape, trading currencies is a serious business, fraught with peril and risks. Always do your due diligence, or consult your financial Gandalf before making any moves. And that's a wrap, folks! Stay tuned for the next gripping episode in the CADJPY universe! 🎬🍿
Long
by TFLOfficial
1
CADJPY: Anticipating a Bullish BreakoutCADJPY has been observed to be in a bullish trend that was initiated on the 24th of March. From the technical analysis, it appears that the pair has completed wave 1 and 3 of the impulsive move, with wave 3 delivering a considerable 280 pips gain. The wave 3 appears to have peaked on April 4th at 99.185, and since then, we have seen a decline in price, indicating the onset of corrective wave 4. My current analysis reveals that the pair is presently in corrective wave 4, which appears to be characterized by a contracting triangle pattern. Based on this observed pattern, I'm anticipating an upward breakout to complete the wave 5 of the impulsive move. Consequently, my ultimate price objective for CADJPY is 99.858 , with a medium-term target set at 99.432 . It is essential to note that any price decline below 95.505 will render this forecast invalid.
Long
by Samuel124
CADJPY Bullish LongThe CADJPY long bullish idea is supported by two key technical indicators: DOW breakout and bullish divergence. DOW Breakout: The CADJPY currency pair has experienced a breakout based on the DOW theory, which suggests that price movements in one market can influence price movements in another market. A breakout in the DOW can potentially impact the CADJPY pair, indicating a shift in momentum in favor of the bulls. Bullish Divergence: In addition to the DOW breakout, there is a presence of bullish divergence in the price action. This occurs when the price makes lower lows, but the corresponding indicator (such as RSI or MACD) makes higher lows. It indicates that the selling pressure is weakening, and a bullish reversal might be on the horizon. Combining these two technical signals, traders might consider taking a long position on the CADJPY currency pair, anticipating further upward movement in the exchange rate. However, it is essential to perform further analysis and risk management before executing any trades. Traders should also be aware of potential risks, such as unforeseen market events or changes in economic fundamentals that could impact the currency pair's direction. As with any trading idea, it is crucial to consider your own trading strategy and risk tolerance before making any decisions.
Long
by MAAwan
CADJPY LONG TERM TRADING IDEAHello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
TARGET CAD/JPY Reached at 106.00 - What's next?Ascending Triangle formed on CAD/JPY, price broke out and it was a slow consolidation move. But then one week, we had strong buying and demand for the currency pair which shot it up to the Order Block. We had other indicators confirming its upside including: 7>21 Price<200 RSI>50 The target at 106.00 hit and the price continued to move up. I guess it's a market environment for trend and channel traders right now. And until there is a sideways consolidation, I'll wait for the next setup.
Long
by Timonrosso
1