Some Thoughts, LVLs and ScenariosI have some explanations about what i'm expecting from this pair.
I hope this proves useful.
CADJPY trade ideas
CADJPYOn D1, the upward trendline is still holding this pair. Moreover, we can see a morning star formed, this is another confirmation that we are moving higher and higher.
CADJPY BUY NOW!!!!!!!!!CADJPY just filled the gap on the uptrend created with the weekly opening and made a reversal with a candlestick pattern indicating a buying entry after still respecting the liquidity zone so am in on a buy here holding till new highs created.......
JOIN AND ENJOY
Tell us your views on this.....
CAD/JPYLong on CAD/JPY; Break of High; Uptrend Momentum; CAD/JPY has been in an uptrend over a matter of months
CJ Long - Similar to AJ. Looking for price to hold above POC on volume. it has already tagged VA so I can trade this today too
CADJPYIM Looking for a log position on this one pretty much just waiting for that retest on my zone.
cadjpy shortcadjpy at its weekly resistance with 90% plus short sentiments . so with trendline resistance and the the divergence on shorter time frames 1h, 4h with closing of first red hken ashi its best to play to a sell ride... until it reaches its daily support level and then a short buying opportunity ahead with confirmaton of support level bounce with bullish div till the fib 0.5 retracement happens. and after that the last one the trade of sell from the 0.5 fib level till our target area.... so hava a nice bearish ride ahead inshallhaa
CADJPY continue its BULLISH TRENDTREND CONTINUATION:
.Price action respect TRENDLINE
.Making HHs n HLs
.No any bearish divergence signs.
CadJpy Trade IdeaGonna start this week off with a CJ trade idea! We just came off of a horrible news week. News was in the way and ended up affecting most pairs. CJ has been a range for some time now between 109.8 and 107.8. Price ended last week coming back down below a higher higher with a retest of the resistance. I'm looking for price to either break below and retest to confirm a range continuation or wait on a buy confirmation to the upside. Patience is gonna pay here. Price may open up with a smaller range within the range it's currently in so I'll adapt and make the necessary changes if needed in order to get into some type of sell or buy position.
CADJPY: Accumulating under the 1W MA50. Low risk buy.CADJPY is on a healthy bullish 1D technical outlook (RSI = 59.003, MACD = 0.700, ADX = 25.174) as it hit this week the 1W MA50 for the first time in 3 months. Rejection or not, historical price action shows that every time it tests it coming from a bottom on the 2 year Channel Up, the price breaks it and goes for a HH. The 1W MACD just made this week the new Bullish Cross and the last time it did so on such a low level, it was on April 3rd 2023, exactly at the start of the previous bullish wave. We expect initiallt the price to approach the R1 level, which is our Target (TP = 118.000), like the price did on June 26 2023.
See how our prior idea has worked out:
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Another bullish setup on Daily 200EMA CADJPY
Price recently came out of a falling wedge on an intraday chart and this sort of occurrence is usually bullish as price wants to run on its own outside of a wedge.
Price here is at the 200ema on daily and it looks like it is ready to pop.
I already went long, if you trade it then good luck.
CADJPY: Breakout Confirms Bullish Momentum, Targeting 114.00The Canadian dollar is strengthening against the Japanese yen, fueled by rising oil prices. As a major oil exporter, Canada benefits from the current bullish trend in the oil market, while Japan, a major importer, faces higher costs. This positive correlation between oil and CADJPY is evident in the recent price action. A double bottom pattern has been broken, signaling further upside potential with a target of 114.00.
RECTIFICATION : CADJPY GOING UP !!!We misunderstood the charts thinking there would be a huge drawdown, but no ;
CAD takes its vengeance today by actually striking up at 2:30 PM London time, and will probably zigzag along after that.
CADJPY Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for CADJPY below:
The price is coiling around a solid key level - 109.92
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 109.24
Safe Stop Loss - 110.30
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Bearish reversal?CAD/JPY is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 110.94
1st Support: 109.71
1st Resistance: 111.77
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Elliott Wave View: CADJPY Has Reached Area Where Pullback can HaCADJPY has already reached the extreme area from 8.5.2024 low. This suggests that pair is in the zone where it can start to see a pullback soon. Shorter cycle structure however looks incomplete and pair can see further upside a bit more. The rally from 9.30.2024 low is currently in progress as a zigzag Elliott Wave structure. Up from 9.30.2024 low, wave ((a)) ended at 109.82 and pullback in wave ((b)) ended at 107.69. Internal subdivision of wave ((b)) unfolded as a double three structure. Down from wave ((a)), wave (w) ended at 108.02 and wave (x) ended at 109.087. Wave (y) lower ended at 107.7 which completed wave ((b)) in higher degree.
Pair has resumed higher in wave ((c)). Up from wave ((b)), wave (i) ended at 108.97 and pullback in wave (ii) ended at 107.98. Expect 1 more push higher to complete wave (iii), then it should pullback in wave (iv) to correct cycle from 10.21.2024 low in 3, 7, or 11 swing before it resumes higher again. Near term, as far as pivot at 107.7 low stays intact, expect pullback to find buyers in 3, 7, or 11 swing for further upside.
CADJPYThe CADJPY is showing a bullish outlook, indicating a strong opportunity for long positions. With key support levels holding firm and bullish technical indicators like RSI above 50 and a recent MACD crossover, the market sentiment favors upward momentum. Targeting resistance levels while managing risk with a tight stop loss below recent swing lows can optimize potential gains. A break above current resistance would confirm further upside potential for CADJPY longs.
CAD/JPY - Potential Buy Reentry H4 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely.
BUY!!! CADJPY HAS REACHED A WEEKLY AND DAILY INTEREST ZONEHELLO TRADERS, I AM CURRENTLY INTERESTED IN CADJPY FOR THIS WEEK I HOPE YOU LIKE THE IDEA AND COMMENT WHAT YOU THINK.
TECHNICAL ANALYSIS
CONFLUENCE FOR PURCHASE AT THE MOMENT
1.- bullish weekly time frame
2.- bullish daily time frame
3.- Bullish 4 Hr time frame
4.- rejection of the last weekly structure point
5.- rejection of weekly interest zone
6.- rejection of psychological number 108,000
7.- rejection of the last daily structure point
8.- daily EMA rejection
9.- rejection of daily interest zone
10.- daily rejection candle
11.- rejection of the last point of structure 4 Hr
12.- rejection candle 4 Hr
why do I like it?
Do not complicate your life by making very extensive meaningless analyses, this is easy and simple, operate with logic and common sense.
The price is respecting a weekly and daily interest zone that has been rejected repeatedly in the past.
Clearly we see that the weekly chart is bullish as the structure of the weekly chart has changed from bearish to bullish (note that the lower high of September 2 has been broken) and following that it is retesting above this lower high and has been respected. The daily chart is bullish as it has broken the previous higher high (note the high of September 26 and 27) following that the price has retested this higher high and has been respected (note the daily candles with strong breaks and the daily bullish rejection candle from yesterday October 13) we also have a rejection of the daily EMA 50. And the psychological number 108,000 has been rejected attracting buyers at this strong level.
I will wait again for the 108,000 test and an entry confirmation to enter long, keep an eye on this pair.
If you like the idea, comment, I will respond to suggestions and comments!
CADJPY GOING DOWN !!!The CAD/JPY pair has been showing clear signs of a downtrend, with key indicators pointing towards further depreciation in the coming days. Several factors are contributing to this bearish momentum:
🔻 Weakening Canadian Dollar: Recent data suggests a slowdown in Canada's economy, putting pressure on the CAD. Lower oil prices, a crucial export for Canada, are also contributing to this weakness.
🔻 Strengthening Yen: As global uncertainties rise, the Japanese Yen is gaining strength due to its safe-haven status, putting further downward pressure on CAD/JPY.
🔻 Technical Analysis Confirms the Trend: The pair has broken key support levels, with moving averages and momentum indicators confirming that the price is heading lower. Selling pressure has been increasing as we move towards oversold territory.
Now could be a strategic time to enter a SELL position on CAD/JPY before it drops further. Stay ahead of the market and take advantage of the falling price action! 📉
CADJPY / H1 / SHORTCADJPY may experience a decline from the Bearish Order Block
The price is currently located within a Bearish Order Block.
Bearish Order Block:
109.094 - 108.895
Based on Smart Money Concepts (SMC), there is a high probability that CADJPY will face downward pressure from this area. Let's watch how the price reacts to this order block and see if it follows through with a downtrend.
Entry price :- 109.094 - 108.895
Take Profit :- 108.357
Stop Loss :- 109.469
CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 104.334 level area with our short trade on CAD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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