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Cadjpysetup

CAD/JPY SELL 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE have sell conformation: - Trend was broken. - EMA's give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan
CADJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market is moving in a downward channel. Price faced rejection at resistance level of trend line creating double top and moved down. W > Price dropped to test weekly support and faced rejection. D > We saw an over extended M formation weeks ago and expected price to return back to test the neck before continuing further to the downside. Price is slowly moving to our target. As per COT CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week. JPY had closure of both Long and Short reducing net positions, this made JXY weak for the said week. Whereas JXY slightly recovered its position last week. 4H > Price was stuck in a range of 50 pips, it has broken the range and now moving to the upside to test the neck and complete M formation. Pair Correlation > CADJPY has positive correlation with AUDJPY, EURJPY and GBPJPY and negative correlation with USDCAD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
CADJPY is approaching towards august lowCADJPY At 81.500 level this pair got some major rejected fourth time and felled towards 80.000 psychological level. The medium term trend line was broken on September 08 and the price was Retested and currently its trading below 23.6% Fibonacci and 81.00 level. Bearish engulfing candle is formed at H4 timeframe. Next downside resistance would be 80.000 and 40% Fibonacci level. We can short this pair at this level and the target would be around 78.550 which Is a low volume and profit taking area. Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision .
Short
by forexorbit
CADJPY - sell biased Hi all traders, Im still looking to sell this pair and i will take it as a range trading for now. So keep a good look out for this pair as this week we have some cad news and this pair is gonna be very interesting to get some nice pips out of it. Any buy will only happen if the top of the range is broke out of it. Cheers and have a nice day! Share this trade idea with all your friends and follow me on tradingview for more trading ideas and analysis. Disclaimer: all trade ideas shared are only of my own personal views, it's not a financial advice, thanks!
Short
by FxTradingWarrior
1
CAD/JPY Sell Signal - ForecastAs you can see CAD/JPY is nearing it's previous resistance level at around 81.400 . which has also acted as a resistance level multiple times before. If we see good sell movement (Red Candles) we can confirm that it will in sell till it's next support level which is at around 79.350 Note : That these key levels are not exact and price can move from near them ( For ex: 79.350 is support but price can move also from 79.360 etc) Thank you. if you have any other idea regarding cadjpy pls share in comments.
Short
by GoldPlusTrading
4
CADJPY, 4hr timeframe, bullish divergence with flag patternHello my friends, Today I saw some good setup on CADJPY. This pair currently in bullish trend after it broken through 80.00 psychological resistance and goes to 80.90 level, it finally exhaust and then come down for a breather. In my opinion, price made a bullish flag pattern during it downwards movement. Price then finally broken above the resistance and currently retesting it as a support. I think we could see some more upwards movement from this pair as there is also bullish divergence on stochastic. Buy CADJPY 80.20 Stop loss 79.80 Take profit 1 @80.60 Take profit 2 @81.00 Take profit 3 @81.40 Use proper risk management Only risk 1-2% of your equity Disclaimer: I've been buying CADJPY since 80.20 Good Luck
Long
by HayatoDragonFX
2