CADJPY Buy Zone"There is a good selling opportunity for the CADJPY Please secure the deal after a forty-pip movement, meaning adjusting the stop-loss to the entry point."
CADJPY trade ideas
BUY CADJPY for uptrend continuation BUY CADJPY for uptrend continuation
STOP LOSS : 111.81
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Rising towards overlap resistance?CAD/JPY is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 113.794
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 114.879
Why we like it:
There is a pullback resistance level which is slightly below the 61.8% Fibonacci retracement.
Take profit: 111.574
Why we like it:
There is a pullback support level.
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CADJPY Is Going Down! Short!
Here is our detailed technical review for CADJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 112.872.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 109.055 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
cadjpy buy tradeBased on the current H4 charts for CAD/JPY, here is a bullish technical analysis:
*Trend Analysis:*
- The pair shows a tendency to move upward, indicated by the formation of higher lows and higher highs⁴.
*Moving Averages:*
- The price trending above the Ichimoku Cloud suggests a bullish sentiment⁴.
*Bollinger Bands:*
- The proximity to the upper Bollinger Band indicates a potential pullback, but the overall trend remains bullish³.
*MACD (Moving Average Convergence Divergence):*
- Converging MACD lines suggest a bullish trend, although caution is advised as signs of a potential pullback are present³.
*RSI (Relative Strength Index):*
- The RSI approaching overbought conditions could signal a strong bullish momentum, but also the need for a possible retracement before continuing the uptrend³.
*Volume:*
- While specific volume data isn't provided, an increase in volume would confirm the strength of the bullish trend.
*Support and Resistance:*
- The currency pair is preparing to strengthen against resistance at 112.26, indicating a bullish setup².
Please note that this analysis is based on the latest available data and market conditions can change rapidly. It's important to use proper risk management and stay updated with the latest chart information. Always consider multiple sources and your own analysis before making trading decisions.
CADJPY: Time For Pullback?!CADJPY has broken through and closed above a resistance line in a falling wedge pattern, following a test of an important horizontal range.
A pullback is likely to occur next, with targets set at 113.36 and 114.02.
May 6th 2024 - CAD/JPYOVERALL GAME PLAN
I am going to buy CAD/JPY - BUY 0.10
ANALYSIS IN MY FAVOR
* The pair is at support level on the 4hr
* Overall Trend is an up trend
CAD/JPY BEST PLACE TO BUY FROM|LONG
Hello,Friends!
Bullish trend on CAD/JPY, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 113.303.
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CADJPYThis Weekly FORECAST
Opportunity for CADJPY. This setup trading idea is for swing. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Forex Weekly Trade planning sessionPlan your trades and trade your plans. Today we have the following rankings on the indexes:
@DXY ++VE
@EXY -VE
@AXY --VE
@SXY ++VE
@JXY --VE
@BXY --VE
@CXY --VE
@ZXY --VE
Based on the above rankings, we came up with the following pairings.
BUY PAIRS: USDJPY, USDCAD, CHFJPY,
SELL PAIRS: AUDUSD,GBPUSD,NZDUSD,GBPCHF,AUDCHF
The idea is to trade in the direction of the wave structure as long as the structure is not disturbed or violated, your high probability trade is to trade in the direction of the trend after a secondary trend (Pullback).
Important trend change facts you must know:
A trend will not change easily, it takes a great deal of time and effort for a trend to change.
The time required for a trend to change is very relevant to how long the ongoing trend has been in play.
The duration of a trend change will be greater than half of the period of the changing trend. Sometimes it is equal to the time the trend has been ongoing.
✅CAD_JPY LONG FROM SUPPORT🚀
✅CAD_JPY is retesting
A rising support line
And we are bullish biased
On the pair so we will
Be expecting a local
Growth from the support
LONG🚀
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CAD-JPY Bullish Bias! Buy!
Hello,Traders!
CAD-JPY is trading in
An uptrend and will soon
Retest a rising support
From where we will be
Expecting a bullish rebound
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
News on cadLooking at a yellow folder on forex factory. Jpy is closed with a bank holiday. Cad posed to smash and take control. Jpy going to get bullied with her eyes closed?
CADJPY Descending Parallel ChannelCADJPY has formed a descending parallel channel in the absence of divergence which indicates a continuation in the current trend.
SELL CAD/JPYHello Guys i am going for a sell on CAD/JPY, because price has taken out the BUY STOPS and to my observation price will be dropping soon.
CSDJPY Bearish TrendThis chart shows a bearish trend .There is no Divergence but its making Head and Shoulder pattern so it eill be bearish trend
BUY CADJPY for uptrend continuation BUY CADJPY for uptrend continuation
STOP LOSS : 113.23
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Trend Continuation - CADJPY Wave STructure AnalysisHey Traders,
This is my take on the CADJPY Looking at the 1HR and the 15 Mins timeframes.
Momentum precedes prices! When there's an ongoing primary trend and a completed wave structure, wait for the price to be discounted/pullback.
This discounting in price gives us a piece of important information, we can deduce whether the price will continue the primary trend or the trend will change in the opposite direction. The only tool that gives us this information is the price by counting the wave structure.
As long as the primary trend structural point is intact, the trend is intact and we can trade safely in harmony with the market.
This is not theory, it is practical, but the application is psychological.
CADJPY SHORT KEY LEVELS
Stop Loss:114.88
Target 1: 112.18
Target 2: 110.59
Possible trade idea for CAD/JPYWhen we look at the chart we can see that the price is moving upwards and that we have a wedge forming.
What I want to do now is trade here and see when we have another touch of the wedge that we than go long with a small trade with 2 take profit levels.
I would advice to only risk 0.5% for this trade.
Entry level could change because we don't know when the price is going to hit the wedge again. So you just need to look at the chart because the entry here is just around the price I think it is going to be.
Entry: 111.774
SL: 111.579
TP1: 112.135
TP2: 112.295
When we have a hit of take profit 1 I would suggest to move SL to entry.
CADJPY30m link:https://www.tradingview.com/x/pWs9Aow2/
👁 OUTLOOK
FOREX: CADJPY
30m: CADJPY as well as other JPY pairs are currently in re-accumulation and have liquidated lows. I would like to see price start breaking bullish and get above the 10ema and 50ema to then start looking for longs on CADJPY.
Bias: Bullish on CADJPY but needs to start breaking bullish on the 30m chart and get above the emas for me to then look for a potential entry.
