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Canadian Dollar / Japanese Yen

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CADJPY trade ideas

CAD/JPY we reached a very strong resistance!Hi guys, I am going with CAD/JPY which I can observe has reached a very strong resistance level so far which it is having trouble breaching out. Additionally we got the news that the Canadian Prime Minister - Justin Trudeau has filed for resignation would bring some weakeness to the CAD Entry: 109.600 Target: 108.600 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Short
by DG55Capital
15-1 CADJPY:At the end of last year the price was heading towards 110.9 from 103.4. This pair is on the verge of a decline that we would like to enter. Our signal system shows the following signals: Score -12, a big downtrend that is coming from Cot Data 0 Retail sentiment -1, Seasonality -1. Trend reading -2. GDP -2, Manufacturing PMI 0, Services PMI -1, Retail Sales -2, Inflation -2, Employment Change 0, Unemployment Rate 1, Interest Rates -2. We have a sell series from 108.725.
Short
by Probeleg
CAD/JPY Bullish Analysis: Targeting Key Untested Levels Bullish Outlook Supported by Trendline, Support, and Resistance Levels The CAD/JPY pair has shown a strong bullish pattern. The price has touched the trendline for the third time, confirming its validity. Additionally, it has broken above the yellow resistance level and is currently retesting it, signaling a continuation of the upward momentum. From a daily structural perspective, there are untested levels at 111.448 and 113.154 that the market is likely to revisit in the coming sessions. Key Takeaways: Trendline Validation: The price has respected the trendline for the third time, reinforcing its significance. Retest in Progress: The yellow resistance level, now acting as support, is being retested for confirmation. Target Levels: The market is expected to move toward the untested zones of 111.448 and 113.154. Risk Management Tips: Always apply proper risk management strategies. Risk no more than 1% of your total portfolio on a single trade. Ensure every trade is accompanied by a stop-loss to mitigate potential losses. Disclaimer: This analysis is for educational purposes only. Make informed trading decisions and trade responsibly. #BTCUSD #CADJPY #EURUSD #GBPUSD
Long
by VENRAW
1
CAD/JPY - 1hr ( Sell IntraDay Target Range 100 PIP )Analysis of CAD/JPY on the 1-Hour Chart: A Bearish Perspective The CAD/JPY currency pair presents a compelling case for bearish sentiment, particularly when analyzed through the lens of the 4-hour chart. This analysis focuses on a significant breakout level, identified at 109.800, which serves as a crucial pivot point for traders operating within a large-scale framework. Upon reaching the 109.800 level, the market exhibited a notable bearish breakout, characterized by a surge in trading volume. This high volume serves as a confirmation of the breakout's validity, suggesting a strong consensus among market participants regarding the potential for further downward movement. The implications of this breakout are profound, as it signals a shift in market sentiment, favoring sellers over buyers. ☑Bearish After Break Out key level + High Volume / 109.800 Point Bearish Target 75 : 150 PIP 🛡 Break Out Done
Short
by GentleGoldenEngine
2