CADJPY Will Go Down From Resistance! Short!
Here is our detailed technical review for CADJPY.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 108.351.
Considering the today's price action, probabilities will be high to see a movement to 108.001.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CADJPY trade ideas
CADJPY potential sell at resistance I'm currently taking a sell on CADJPY as price approaches a strong resistance level around 108.6. Despite the recent bullish momentum, this level has previously acted as a barrier, and combined with a rising wedge pattern, it suggests potential exhaustion of the uptrend. If price fails to break and hold above this resistance, a bearish reversal could follow, offering a good sell opportunity.
Sell CAD/JPY Resistance ZoneThe CAD/JPY pair on the H1 timeframe presents a potential selling opportunity @ Resistance Zone
Key Points:
Sell Entry: Consider entering a short position around the current price of 108.25.
Target Levels:
1st Support – 106.65
2nd Support – 105.48
Stop-Loss: To manage risk, place a stop-loss order above 109.02. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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CADJPY - Bearish Pressure Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 CADJPY has been hovering within a big range marked in blue.
Currently, CADJPY is retesting the upper bound of the range.
Moreover, the upper green trendline acts as a non-horizontal resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the major high and upper trendline.
📚 As per my trading style:
As #CADJPY is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CADJPY is now at resistance. we can expect downside momentum nowCADJPY is now at resistance. we can expect downside momentum now
Support is between the price of 103.67 and 102.87
Resistance is between the price of 109.17 and 108.22
There is a point where the price is consolidating 106.67 and 106.27
Now the price is at resistance zone so now we can expect the price may come down, we can see the price touches the resistance multiple time.
according to my analysis it suggests the :-
Entry price :- 108.692
Take Profit :- 107.443
Stop loss :- 109.941
#CADJPY 1HCAD/JPY 1-Hour Chart Forecast
The CAD/JPY pair is showing **bullish potential** on the 1-hour chart, suggesting an opportunity to enter a **buy trade**. The pair may have been experiencing upward momentum, with key technical indicators pointing toward continued strength.
The following key elements support the buy forecast:
Uptrend Formation: The pair is likely respecting an upward trendline or breaking above recent resistance, indicating strong buying pressure.
Momentum Indicators: Oscillators such as the RSI or MACD may confirm bullish momentum, signaling that there is room for further upside.
Support Levels: The pair could be bouncing off a key support zone, offering an attractive entry point for buyers looking to ride the trend higher.
Traders looking to enter a buy trade should consider setting stop-loss orders below recent swing lows to manage risk in case of a pullback. Targeting previous highs or key resistance levels is recommended as potential take-profit areas. Keeping an eye on any shifts in sentiment or market conditions is essential, but overall, the technical picture supports a **buy forecast** for CAD/JPY in the short term.
CADJPY Possible short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
CADJPY View!!In the long-running battle between stocks and bonds, the latter is usually right when it comes to the economy. Given that oil and the yen are also flagging trouble, the signs are hard to ignore.
In early August, when US yields fell, it looked like a reaction to a flight-to-safety as some air came out of the AI trade and megacap tech stocks but when those rebounded, yields didn't. Now they've fallen even further and signal a hasty Fed rate cutting cycle. Now Powell may front-load rate cuts in an effort to stick a soft landing but that path is perilous.
CADJPY Will Fall! Short!
Take a look at our analysis for CADJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 107.379.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 106.107 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Ride that Risk-on!Fundamentals & Sentiment
CAD:
Bullish oil inventory data yesterday. Generally ok US data (GDP, Claims, etc) today. Risk-on sentiment continuation from China stimulus.
JPY:
Bearish Internals, CFTC.
Technical & Other
Setup: TC(RTF)
Setup timeframe: 1h
Trigger: 15m
Medium term: Up
Long-term: Down
Min target: 3R
Risk: 0.27%
Risk R: 0.5R
Main risk: buying into DMA(50) at 107.40. If holds above, consider adding.