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CADJPY trade ideas

CADJPYHere is our view on CADJPY . Potential short opportunity. CADJPY has been following the downtrend for quite some time now. After its pullback to 107.100 the H4 is turning bearish again. After considering this we might continue following the trend and target lower levels such as 105.400 and 104.780 where our TP (Take Profit) is sitting at. If we break above our SL (Stop Loss) sitting at 107.485 we might visit higher prices. Our entry is at market price (current) sitting at 106.665 . PARAMETERS - Entry: 106.665 - SL: 107.485 - TP: 104.780 KEY NOTES - CADJPY is in a downtrend. - CADJPY has made its pullback to 107.100. - Breaks above our SL (Stop Loss) would result in higher prices and possible reverses. Happy trading! FxPocket
Short
by FxPocket
Focus on CADJPY: Pre-London Session AnalysisHi traders, The focus today is on CADJPY during the pre-London session. I believe we have a bullish setup forming, often referred to as a Late Session Reversal or Late Day Reversal. Price Analysis The bullish move in CADJPY began late during the New York session yesterday. The overall trend has been bearish, with the last leg showing a 3-wave extension below the accumulation zone. Interestingly, the downtrend's origin was marked by a momentum high, suggesting that price should, at a minimum, retest that level. So far, we've seen a completed bullish wavestructure with accumulation forming above High 3, indicating strong buyer interest. The plan is to buy into the next bullish wavestructure once price breaks above the current internal momentum high. Our initial target is 107.45 (the Momentum High). Fibonacci Analysis Using Fibonacci from the Low (0) to High (3), we see indications of further bullish potential. The High (5) or Internal Momentum High stalled at T1 (23.6% extension) of the 0-3 wave. This signals a likely continuation with a stronger second wave structure, aiming towards the Major Extension 1 (107.993) Wishing you a successful trading week!
Long
by Charts247TradingAcademy
1
Bearish drop?CAD/JPY is rising towards the pivot which acts as an overlap resistance that lines up with the 23.6% Fibonacci retracement and could drop to the 1st support which has been identified as a pullback support. Pivot: 107.30 1st Support: 104.85 1st Resistance: 108.95 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
CAD/JPY Short Setup – Bearish Continuation ExpectedI’m observing a potential bearish continuation on CAD/JPY. The pair has recently broken key support levels and is trading below the 200 MA on the 4H chart, signaling strong downward momentum. Key Analysis Resistance Levels: The price is expected to retest the zone around 108-108.15, which could act as a strong resistance. If the price reject that level, then I will ENTER SHORT. Failing this, I am not entering. Support Levels: The first target is near 105.8–106.0. If broken, the price may head toward the 104.0–105.0 range. Confluence Factors: Weakness in CAD due to declining oil prices and risk-off sentiment could drive this move. JPY strength may increase as a safe-haven currency amid market uncertainty. Risk Management: Stop-Loss: Above the 108.5 resistance zone. Take-Profit: Incremental levels around 106.0 and 104.5.
Short
by zito82
CAD/JPY Short Setup – Bearish Continuation ExpectedI’m observing a potential bearish continuation on CAD/JPY. The pair has recently broken key support levels and is trading below the 200 MA on the 4H chart, signaling strong downward momentum. Key Analysis Resistance Levels: The price is expected to retest the zone around 108-108.15, which could act as a strong resistance. If the price reject that level, then I will ENTER SHORT. Failing this, I am not entering. Support Levels: The first target is near 105.8–106.0. If broken, the price may head toward the 104.0–105.0 range. Confluence Factors: Weakness in CAD due to declining oil prices and risk-off sentiment could drive this move. JPY strength may increase as a safe-haven currency amid market uncertainty. Risk Management: Stop-Loss: Above the 108.5 resistance zone. Take-Profit: Incremental levels around 106.0 and 104.5.
Short
by zito82
Understanding Trends and Waves in TradingIntroduction In trading education, recognising price movements is crucial. Prices move in trends, and these trends move in waves. Understanding these waves is essential for successful trading. The Two Types of Waves Impulsive/Primary Trend Comprises a minimum of five waves. Dictates the overall direction of price movement. Corrective/Secondary Trend Comprises a maximum of three waves. Provides insights into the ongoing trend. This phase is the most critical for traders to master. Conclusion To trade successfully in a trending market, it’s vital to learn how to accurately count waves. Mastering this skill can significantly enhance your trading decisions. Best wishes for your trading success!
Education
by Charts247TradingAcademy
5
LIVE MARKET ANALYSIS & TRADE IDEAS: USDJPY, GBPUSD, GBPAUD & CJHello Traders, Starting off early today with a big shout out to @TradingView for their continuous improvements to the platform and the valuable tools they provide to the trading community. Well done! Here’s my analysis for today: USDJPY H4 The USDJPY has formed a Momentum Low, signalling a potential trend reset. The underlying trend remains bullish on this timeframe. Expectation: Increased buying activity is anticipated from the current price level. GBPAUD H4 The GBPAUD is trading within a 915-pip range. Inside this range, price fluctuations create highs and lows. Applying the range trading principle—buy low, sell high—recent price action shows a bullish wave structure completed on the smaller timeframe following a rally from the Momentum Low. Current Observation: A trend reset is occurring on the smaller timeframe, breaking below 1.9508. Trading Approach: Look for a failure to make a Lower Low (LL) on the 5-minute chart and seek opportunities to trade to the upside. GBPUSD H4 The GBPUSD remains in a downtrend on the H4 timeframe. However, a significant reset has occurred, forming Structure 4 at 1.2714. Ideal Trade: The preferred strategy is to sell GBPUSD. However, based on wave structure analysis on the lower timeframe, the price is not yet primed for a bearish move. CADJPY H4 The CADJPY exhibits similar behaviour to the USDJPY, with a recent dip below the previous Momentum Low. Yesterday, a bullish trend-changing pattern emerged. Trading Opportunity: Look for buying setups above 107.46 based on the current price action. Wishing you successful trades and a blessed weekend!
by Charts247TradingAcademy