Cadjpysetup
CADJPY ShortCurrently in a CJ short. Entered based on price breaking structure and failing to push up
CADJPY WEEKLY TIMEFRAMESounds likely to decrease in weekly timeframe although I see an increase for this pair in 4h timeframe, logically enough we will get ready to go for the sell position.
possible increase for CADJPYI see good increase for Canadian Dollar by the starting of next week, also I suppose Japanese Yen will decrease by comparison with other pairs
CadJpy- A new retest of 78?After a drop to 78 support, CadJpy recovered some losses but couldn't break above the important 80 resistance.
With OIL on a descending channel and strongly offered around 39, I expect CadJpy to follow and 78 could be the first target for bears
I'm looking to sell rallies for this pair and a daily close above 80 would invalidate this scenario
CADJPY, daily tf, sell trend line breakHello my friends,
Another setup for you today is CADJPY pairs.
It is making the same setup like CHFJPY pairs from previous post
Check it out as well
Price broken below the trend line and now retesting it at an area of confluences.
This is the meeting point of horizonal resistance, EMA and trend line.
It would take strong momentum from buyers to take out this resistance in my opinion.
But looking at this current condition, i think it will be rejected and goes down especially looking the last candle looks like an indecision candle.
Sell CADJPY 79.50
Stop loss 79.95
Take profit 77.70
RR ratio 1 : 4 (4R)
Use only 1-2% risk
Good luck
Disclaimer :I sold CADJPY frm 79.50
CADJPY IdeaAnalyzing the 1h chart, we have a break in the trendline and as it usually happens 80% of the time, the pair comes to retest it.
If we see that the trendline acts as a resistance, which coincidentally coincides with the 61.8 fib level, we have enough confluences to support a short position.
R/W - 1/5.7
CAD/JPY SELL 📉👋 Hello and welcome traders to another trade idea with Fobian
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👉 WE have sell conformation:
- Trend was broken.
- EMA's give us SELL signal.
- Candle close below ASIAN session.
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CADJPY - Daily; SHORT, good for 300 pips. Wait for it!...Just like it says in the chart: Wait for it!...; ~30 pip Stop should be sufficient for the turn.
Buy: 79.26
The Ingenuity Trading Model is a Hidden Markov Model with specific inputs related to Price, Time, Volume , and Volatility .
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
CADJPY - Outlook 3 October 2020 - Range potential?Hi all traders,
This is a video analysis on CADJPY.
For those who are trading cadjpy, do take note of those levels as mentioned within the video.
Trade safe and be patient on this pair.
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CAD/JPY: SHORT trade setupmake sure to take partial profits at 80.75/85 area and lower the STOP into the money
good luck !!!
CADJPY H1 Analysis Based On Price Action Theory.Dear Traders Today We Have Analysis Of CADJPY H1. This Analysis Based On Price Action Theory.
According The Analysis We Can See That Market On Down Trend As Well As Price Reject on Resistance@ 79.739 With Trend line support & Market Have New Support Level@78.969 .
I Request to All Before The Trade You Also Match You Analysis With As If Your Set up Match Then You Can Trade.
CADJPY - Outlook 20 Sept 2020 - Sell BiasedHi all traders,
This is a video analysis of cadjpy.
As always, i have pre-warn some nice levels within cadjpy for traders to take extra note of it.
Hope you like this video analysis.
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CadJpy- 80 should be soldAfter breaking the neckline support of the H&S that I ve spoken about in my previous CadJpy analysis, the pair dropped pretty quickly and reached the measured target at around 79 zone.
Now the pair is correcting this drop and a retest on 80 new resistance is not out of the question.
I will look for selling opportunities in that zone for a trade with 1:2 R:R
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.
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It’s not a financial advice. Do the analyze and take a decision .
CadJpy- A break under 80 confirms H&SI'm bearish this pair since it was just under 81... As I expected, the pair dropped in the first stage to 80 zone and now is sitting just on the neck-line support of a H&S pattern.
A break here should accelerate losses and the measured target is 79 which I expect to be reached in the next few trading sessions.
CADJPY sell outlook for 15 Sept 2020Hi all traders,
This is a trade video analysis of CADJPY.
I have pre-warn some levels within the video for traders to take extra on it.
Take note of those levels and trade safe for it.
Happy pips as always and cheers!
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CADJPY - Sell biased for nowHi all traders,
For cadjpy , im looking as a possible H&S formation.
Any buy should only happen if it breaks above the head.
If the grey area shows any reversal or strong rejection, we should be looking to sell this pair downwards.
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**Disclaimer: All trade ideas are of my own personal view**
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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!
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Disclaimer: all trade ideas shared are only of my own personal views, it's not a financial advice, thanks!
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.
