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CADJPY trade ideas

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! 📉
Short
by edl75
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
Short
by PraveenTrader1
CAD/JPY "Loonie-Ninja" Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist CAD/JPY "Loonie-Ninja" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
CADJPY Bullish Correction against the down trendCADJPY recently made a fake breakout of the previous support level, but quickly bounced back, taking liquidity below the previous week's low. On the daily timeframe, a long-tailed bar has formed, signaling that bulls are pushing the price higher. Additionally, on the 4H timeframe, another long-tailed bar confirms the buying pressure. A bullish divergence is present, indicating a potential trend continuation. If the market breaks and closes above the 108.500 resistance level, it could likely test the level above the equal high on the left, further confirming the bullish sentiment. The target is the resistance zone around 109.15
Long
by RTED_Investing
CadJpy Trade IdeaI personally decided to take some shorts on CJ with price still being in a solid range. The range is tight but it still gives me an opportunity to enter with a solid risk to reward. I'm looking for a 1:3rr on this set up. 4hr showed bullish structures within the range. Once price tapped into the resistance level we had a solid break of structure and then the retest to confirm a possible push back to the downside. It is Monday and there's a bunch of news happening all day so we'll see what happens. The higher time frame looks solid on the shift and is giving me a bigger confidence on the trade. It doesn't mean it'll play out but I definitely like what I see.
Short
by OfficialJ23
CADJPY may go up from the bullish order block.CADJPY may go up from the bullish order block. BULLISH ORDER BLOCK :- 108.185 AND 107.960 There is another bullish order block slight below the first order block. The price is now at bullish order block it's time to open the position within the order block to have the profits. i have analyzed chart using most advanced price action strategy using SMC (smart money concepts) according to my analysis i suggest :- Entry price :- 108.185 Take profit :- 108.893 Stop loss :- 107.626
Long
by PraveenTrader1