CADJPY Technical Analysis and Trade SetupCADJPY Technical Analysis and Trade Setup, i am short for long run as the price just breakout the trendline and now is about to retest the trendline.
Cadjpytrade
CADJPY : Current Situation & Technical , Fundamental View#CADJPY
- CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. Anyway, the RATE HIKE was not done as expected in the BOC RATE DECISION the other day. The rate hike was less than that.
- Currently, the price of OIL is rising very fast. For this reason, CAD should be a BUY in the future.
- Definitely CADJPY should be slightly UP until 108.500 LEVEL. Before that, there is a very high possibility that the 102.910 LEVEL will be sold. The reason for that is because even now OIL PRICES are going up a bit.
CADJPY Possible Buy & Sell SetupThis is for short term
And this is risky too.
Please DYOR before entering the trade.
CADJPY Will Fall! CAD-JPY broke out of the rising wedge
And went down .
Now, the pair is making a bullish pullback
To retest a horizontal resistance level AT 106.361
From where I believe we will see
A further move down !!
Trading opportunity for CADJPYBased on technical factors there is a Short position in :
📊 CADJPY
🔴 Short Now 104.82
🧯 Stop loss 107.46
🏹 Target 1 103.40
🏹 Target 2 101.27
🏹 Target 3 98.75
💸RISK : 1%
We hope it is profitable for you ❤️
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CADJPY : Current Situation & Technical , Fundamental View#CADJPY
- CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. Anyway, the RATE HIKE was not done as expected in the BOC RATE DECISION the other day. The rate hike was less than that.
- Currently, the price of OIL is rising very fast. For this reason, CAD should be a BUY in the future.
- Definitely CADJPY should be slightly UP until 108.500 LEVEL. Before that, there is a very high possibility of selling to the 105.00 level. The reason for that is because even now OIL PRICES are going up a bit.
CADJPY : Current Situation & Technical , Fundamental View#CADJPY
- CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. Anyway, the RATE HIKE was not done as expected in the BOC RATE DECISION the other day. The rate hike was less than that.
- Currently, the price of OIL is rising very fast. Due to this reason, CAD was BUY very fast before. You can check it by going to CAD CHARTS.
- Definitely CADJPY should be slightly UP until 110.849 LEVEL. After that, there is a very high possibility to sell to 104.602 LEVEL. The reason for that is because even now OIL PRICES are going up a bit. cadjpy
CAD/JPY cadjpy will continue the downside move from Monday Because it already got rejected from a major order block
CADJPY LONG with 4x price action reasons to buy. List of confluences:
1. Trendline breakout
2: Higher highs and Higher lows being created
3: Key level breakout
4: Several pin bars candles
CADJPY is currently in a strong uptrend when we look at the bigger picture trend so we will be only looking for buying opportunities. When looking at the daily chart
we can see that price has broken a recent counter trend line which signals the potential end of a pull back. This is followed by bullish market structure as price continues
to create higher highs and higher lows. We can also see a key level breakout and retest. This is further supported by several pin bar candles formed in the direction
of the bigger picture trend and around our areas of interest which include key level area, the trendline breakout and the most recent higher low.
CADJPY Short Wait for BOS
This is for short term
And this is risky too.
Please DYOR before entering the trade.
CADJPY possible buy zone!!CADJPY on the lower timeframe has formed a bullish price action after multiple liquidity grab from support. Long-term price is highly bullish including monthly, weekly, and daily price action is bullish. As news coming later today, there is a high probability for the price to have a spike, and on the test of the long trend line, we could potentially see a rise from this support. Upon price action confirmation, a buy trade is a high probability.
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CAD/JPY SELL Signal View....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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CAD JPY Technical AnalysisThe Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.
CadJpy- Where to sell?The long-term trend for CadJpy is up for quite some time and although I don't expect this to change soon, at this moment a deeper correction could follow.
The recent break above 108 is a false one and this can lead to a break down of the trend line support.
108 remains strong resistance and in this zone, traders should look for selling opportunities.
As a target, the horizontal 102 level can serve as a target and a break above 110 negates this scenario.
CADJPY Will Go Down!CAD-JPY was trading in along the rising support
But now we are seeing a bearish breakout
So after the retest of the horizontal resistance at 107.220
And I believe we will see bearish continuation
CAD/JPY Powerful SELL Signal View....
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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CAD/JPY :: It is always on my targets .CAD/JPY :::
The previous analysis is still usable and you can choose the next targets by looking at it .
<<< GOOD LUCK >>>
CAD/JPY :: wait for the best time !CAD/JPY :::
1_ Orange channel :: It is drawn in the time frame of one hour. It is currently at the ceiling of this channel, and its ceiling is a good resistance and will lead the price down to a large extent .
2_ Blue channel :: It is drawn in the time frame of 4 hours. And the price reacts a lot to the bottom of the blue channel, but has not been able to break it yet .
3_ The best decision :: wait until the price either breaks the ceiling of the orange channel or the bottom of the blue channel
4_ the targets will be as follows ::
If the roof of the orange channel is broken: range 117 .
If the bottom of the blue channel is broken: range 101 .
cadjpyshortThis signal is seen in 4 hours. As you know, the signal is not suitable for people who want to finish the transaction quickly.
CADJPY H1Hi traders, CADJPY is setting up for a downside move watch price action and look for short invalidation point is mentioned GOOD LUCK.
CAdJPY: Elliot Price Action Hello friends. Canada/yen has an upward trend in the long term and will expect to reach 117, but in one hour time, the first wave has ended and it will move towards the price of $105 in a three-wave correction, and after that, it will see a strong growth. up to the price of $112, which is the end of wave 3.
