Scenario CADJPY levels update I am proceeding further in short's understanding of the market, I just wanted to specify the levels where the most accurate turn could be achieved, this analysis is based on the previous one
Cadjpysignals
CADJPY Strong buy at the bottom of the 2-year Channel UpLast time we gave a signal on the CADJPY pair (July 09, see chart below), we got the sell we wanted, as a brutal collapse started straight after:
This time we get a strong buy signal as the price is rebounding after a Double Bottom on the Higher Lows trend-line of the 2-year Channel Up. This is similar to the January - March Double Bottom, which until now, has been the strongest long-term buy signal on the pair.
Once the price breaks above the 1D MA50 (blue trend-line), we will have the buy confirmation we need to target the 0.9 Fibonacci level (like June 23 2023) at 117.100.
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CADJPY Strong sell opportunity at the top of the Channel UpThe CADJPY pair gave us an excellent buy signal last time we looked at it (May 30, see chart below) that easily hit our 116.500 Target:
Now it is flashing the opposite, a strong sell signal right after a Higher High (top trend-line) rejection on the 7-month Channel Up pattern. Ahead of a 1D MACD Bearish Cross, the opportunity becomes even more obvious.
Every Bearish Leg hit at least the 1D MA50 (blue trend-line) before making a Higher Low, so our Target is set at 115.500, which is an optimal level towards the final week of July.
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CADJPY Buy signal initiated. Channel Up intact.The CADJPY pair extended the Channel Up flawlessly and hit our latest Target (April 02, see chart below):
The price is now breaking above the short-term Ascending Triangle, which within the long-term Channel Up has always issued a buy signal after the price approached the 0.382 Fibonacci retracement level. The immediate Target on both previous break-outs has bee the -0.382 Fib extension.
The 1D RSI is also posting that pre break-out consolidation. As a result we turn bullish again on this pair, targeting 116.500 (slightly below the -0.382 Fib).
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CADJPY Triangle break-out buyThe CADJPY pair delivered us a very strong buy opportunity last time we made a buy call on it (December 22 2023, see chart below) :
Moving back to the 1D time-frame, the pair has been trading within a Channel Up pattern since the December 07 2023 Low. Currently on its 2nd Bullish Leg, the price has entered a Triangle consolidation, similar to the pattern of January - February.
So far the fractals appear to be quite identical as following a +3.34%, the price pulled-back to the 0.382 Fibonacci retracement level, which is at the moment holding. As long as it continues to do so, we expect a bullish break-out similar to February's towards the -0.382 Fib extension, hence our Target is 113.500.
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BUY CADJPY ON DIPS!!!HELLO TRADERS !!
As I can see this pair is now tested a strong support zone which is a very low risk entry for longs.
CADJPY is still going to move more higher than predicted level on weekly based timeframe friends it's just a trade idea share Ur thoughts with us it helps many other traders.
Stay Tuned for more updates!
CADJPY → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up levels for BUY . CADJPY long from Support
! Great BUY opportunity CADJPY
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CadJpy- Break of resistance and new highs are expectedAfter the dip and the double tap in 104 support back in December, CadJpy started to rise again and resumed its long-term bull trend.
Now the pair is trading back to important 110 zone resistance and a break up seems imminent.
The recent dive under 109 was quickly reversed, which also adds to my bullish perspective.
In conclusion, as long as the recent low is not violated, I expect an up continuation and CadJpy could rise towards 115 in the medium term.
For shorter term traders, 112 is also a good target with 1:2 risk:reward
CADJPY Analysis. Swing trade signal.Hello everyone. i want share my idea about CADJPY.
We have some interesting forex pair at the chart. JPY was pretty bearish long time but what we see now we have some bullish moves at JPY index after big bearish move. for that i decide to try short most pairs versus JPY.
At the pair with technique analysis we have some trend change moves, price action broke some support which is now resistance, after big fall price only had huge reaction at daily support but it didn't tested twice and with one touch which strong low came up, but price has reaction at Fibonacci 61.80 LVL, at this point it made some liquidity and if we look at lower timeframe we got some strong sellers. If we look at JPY index its look pretty bullish this index broke some resistances and with slow movement testing it where its getting rejection from buyers.
For my trade i have some scenes where i am right and wrong.
Scene 1 - in this scene price getting strong seller, its coming strong downside which brake daily support and test second time daily support at 104.5.
Scene 2 - we don t have enough seller, for that market maker make fake brake out where it will take lot of stop orders and new sellers will drop price stronger.
Scene 3 - price still going upside brake 4h resistance testing it and touch to my stop loss in this scene i am wrong.
Always make your own research and manage your risk!!!
CADJPY Bearish Bias! CAD-JPY has almost reached
The supply cluster of the
Falling and horizontal levels
So a move down is to be
Expected towards the
Target of 0.8728 !
CADJPY Confirmed buy signalThe CADJPY pair has been trading within a Fibonacci Channel Up since the March 2020 market bottom. The recent rejection on the 1.5 Fibonacci level back to the 0.5 show it test and hold an important Support, the 1W MA50 (blue trend-line), which has only broken once in 3 years (since November 2020) and that was during last year's inflation crisis.
As long as it holds, it is a strong buy opportunity and evidence for that is the 1W RSI which has printed the same pattern (Channel Down break into a rebound) as the September 26 2022 and August 16 2021 lows. Both initiated rebounds that hit their prior Resistance levels.
As a result, we are taking this opportunity to buy and target the previous Resistance (from the September 25 High) at 111.000.
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CADJPY Bullish as long as the 1D MA50 holds.The CADJPY pair is on a 1D MA50 (red trend-line) bounce, at the high ranges of the Fibonacci Channel Up that started on the March 2020 COVID crash bottom. The 1W RSI shows a Channel Down fractal on its second Lower Low rebound and the previous two such sequences delivered at least one more rally.
As a result, we see a strong short term buy opportunity to target the 1.5 Fibonacci extension at 112.000.
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CADJPY Short From Resistance!CAD-JPY is going up
To retest the resistance at 109.693
And the pair is locally overbought
So I think that we will see
A local bearish correction
After the pair hits the resistance
Catch the ABE afterwards !Long according to Trading veiw Eliot wave finder besides my own points are also given towards take profit level
CADJPY Testing the 1-year Resistance. Will it break?The CADJPY pair has been just below the 110.615 Resistance (September 13 2022 High) for the past 3 trading sessions. The long-term pattern is a Channel Up so the trend remains bullish until it breaks downwards. The 1D MA50 (blue trend-line) is firmly supporting.
The current bullish wave doesn't differ much from the one that started on the March 24 Higher Low and peaked on the 4.0 Fibonacci extension. As a result we remain bullish on this pair and expect 113.500 (target) by the end of October.
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CADJPY BuyAs we all know that the economic condition of Japan is not fine, and they are also facing natural disasters. I still believe that Yen will remain weak in coming week. Better to look buying opportunities on such pairs which have YEN.
CADJPY Bearish Wedge Pattern!CAD-JPY is trading in an
Uptrend but the pair has
Formed a bearish wedge
Pattern and is trying to make
A bearish breakout so I think
That If the breakout is confirmed
Then we can expect a local
Bearish move down !
CADJPY Two scenarios but sell opportunity more closely.The CADJPY pair is trading within a 5-month Channel Up pattern, exactly on its 1D MA50 (blue trend-line). We notice the formation of a Triangle within it, similar to April's. If the 1D candle closes below its Higher Lows trend-line, then we will sell targeting 104.250 (Support 1). If the price breaks above the Lower Highs, we will buy and target long-term the 2.0 Fibonacci extension at 114.775.
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CADJPY Analysis H1Here is my analysis for CADJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
CADJPY Bullish within the Channel Up, bearish below it.CADJPY is trading within a Channel Up since the March 24 bottom. The price action maintained this bullish formation as not only did it recently made a Higher Low but from July 12 to July 18 all 1D candles successfully closed above the 1D MA50 (blue trend-line), something common since April 27. As long as this is taking place, we will stay bullish, targeting 109.250. That is a Lower Highs level, similar to the one on in April, whose fractal resembles today's.
On the other hand, if we close a 1D candle below the 1D MA50, we will sell and target 102.000, just above the 1D MA200 (orange trend-line).
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CADJPY Signal 27June2023price is seen breakingout the H1 trendline with a fairly full bearish candle. I see this as one of the minor bearish signs.
cadjpymy idea for cadjpy i think it will retest support zone then going up to reach 110.5 it will be good zone to sell it but now we are searching about buying idea ......
Buys are valid on cadjpy!!Price has broken a major high on the 1 hour. Then price made a new high which was our indication that price can go higher. Ater a new high is made we know that a pullback is needed which can either make a new low or make a higher low. In this case we have a higher low which means that we can expect a return to our new high. Seeing that the bulls are in control of the market at this time I entered in two positions.
