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CADJPY trade ideas

CADJPY Eyes Key Breakout Zone at 106.00CADJPY Eyes Key Breakout Zone at 106.00 🔍 CADJPY is approaching a well-tested resistance area, with price reacting multiple times to this zone in the past, as visible on the left side of the chart. To confirm a potential bullish wave, the pair needs to decisively break above the 106.00 level. Without a clean breakout, the setup may remain uncertain or take an alternative path. 🎯 Key Upside Targets: • 106.40 • 106.70 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KlejdiCuni
13
#CADJPY:1700+ PIPS Swing Concept On The Way,Three Profit TargetsJPY initiated a bearish trend and anticipates a rapid reversal in all JPY pairs, such as CADJPY. We expect a significant swing move, potentially reaching 2000+ pips in the long term. Additionally, we have set three targets based on our analysis, which can aid in identifying potential trade opportunities. Good luck and trade safely. Good luck and trade safely. Thanks for your support! 😊 If you want to help us out, here are a few things you can do: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
20
CADJPY Bearish Reversal? Smart Money + Seasonal Confluence🧠 COT Sentiment Speculators are heavily net short on CAD (–93K), while maintaining a strong net long position on JPY (+144K). → This positioning clearly favors JPY strength over CAD weakness. Commercials are hedging JPY downside, but the dominant flow remains JPY bullish. 📅 Seasonal Patterns Historically, June is weak for CAD (5Y, 10Y, 15Y averages all negative). Meanwhile, JPY tends to strengthen in the second half of June. → Seasonality supports a bearish outlook on the pair. 📉 Technical Structure Price has reacted precisely to the Fibonacci 0.705 retracement (106.23) and is showing signs of RSI divergence. We are trading within a key supply zone between 106.70 and 108.30, which also aligns with a major resistance cluster and harmonic extension. First target sits at 103.88, with potential extension to 101.20 if breakdown confirms. 🛢 Macro Catalyst Oil remains under pressure. CAD retail sales dropped significantly. Risk-off sentiment (cautious Fed + geopolitical tensions) favors JPY as a safe haven. 📊 Retail Sentiment 62% of retail traders are short, but with an average entry at 108.49. → A break below 106 could trigger liquidation, fueling further downside. 🧩 Trade Setup 🔹 Entry zone: 106.70–107.00 🔸 SL: Above 108.40 (invalidates the bearish thesis) 🎯 TP1: 103.88 (S/R retest) 🎯 TP2: 101.20 (extended target on risk aversion) 🧭 Synthesis Every angle aligns toward a potential bearish reversal on CAD/JPY: ✅ COT positioning ✅ Seasonality ✅ Macro narrative ✅ Technical confluence ✅ Retail sentiment trap
Short
by EdgeTradingJourney
5
CADJPY Rejected from Resistance – Bearish Setup UnfoldingHey Traders, CADJPY has reacted sharply to the 106.20 resistance zone, forming a potential lower high and setting the stage for a short-term bearish reversal. The price appears to be respecting the previous structure, and a drop toward the 105.00 and 104.00 regions may be on the cards if downside momentum builds. Current Market Conditions: Strong rejection at the 106.20–106.30 resistance level, which has historically acted as a supply zone. Price is now hovering just below resistance and may confirm a bearish structure on lower timeframes. Clean downside path if 105.60 is broken, potentially opening space down to 104.40, with extended downside support at 103.98. Risk-reward ratio looks favorable from current levels if resistance holds. Fundamental Analysis/Outlook: The Canadian dollar has been under pressure as crude oil prices retreat, reducing demand for the CAD due to its strong correlation with oil. Additionally, the Bank of Canada’s recent rate guidance hinted at a more dovish stance compared to the Fed and BoJ, limiting CAD upside. Meanwhile, JPY is drawing strength from rising demand for safe-haven assets amid ongoing geopolitical concerns and recent risk-off sentiment triggered by global growth worries. With central banks showing policy divergence and investor caution rising, CADJPY may face continued downward pressure. Targets: TP1: 105.60 TP2: 104.44 TP3: 103.98 Risk Management: Stop-Loss: Above 106.40 to protect against bullish continuation Confirm bearish price action (e.g., break and retest of intraday lows) before fully committing Maintain proper lot size to manage drawdown across correlated yen pairs Technical Outlook: Price failing to sustain above key resistance Lower high formation evident Clean liquidity zones to the downside provide favorable structure for bearish continuation Conclusion: CADJPY looks poised for a potential reversal after rejecting major resistance. Watch for confirmations below 105.60 to increase conviction. The setup aligns with both technical and fundamental bias for yen strength. Sign-off: "In trading, the most dangerous words are 'it’s different this time.' Trust the chart, trust the process." I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all!
Long
by SignalSage_Ben
1
121 SymmetryHey awesome traders 🔥 Hope the trading week is flowing well. This is a clean Bullish 121 Symmetry setup on CADJPY. After a sharp XA impulse, price printed a deep AB correction, then rallied to C — forming a perfect CD symmetry leg into the PRZ zone (D = 105.593). 🧠 Key Pattern Logic: AB ≈ CD 121 Symmetry PRZ between 78.6% & 100% projection Strong rejection at D, supported by the SMA 200 🎯 Target Zones: TP1 → 106.75 (38.2% retracement of CD) TP2 → 107.46 (61.8% Fibonacci, full reversal extension) Optional final stretch: 107.96 (78.6%) Clean reaction from structure. Now we let the market validate continuation. Stay disciplined, trade structure, not emotion. — C. Dela | #TradeChartPatternsLikeThePros
Long
by TradeChartPatternsLikeThePros
CADJPY A Fall Expected! SELL! My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 105.97 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 105.56 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
CAD/JPY Daily AnalysisZooming out, we can see that price is being dominated by the sellers as price moves within a bearish channel. The most recent price action is printing in the shape of a triangle which can often be a correction pattern in a trending market. Look for price to test the top of the triangle and see if it reverses (or we could potentially see a false break). Then look for a break below the triangle if the bearish momentum continues further. If you agree with the analysis, look for opportunities to trade that meet your own strategy rules and always use good risk management.
by FusionMarkets