Long CADJPYSentiment is in favor of bulls. This is my technical perspective. I believe this is a great area to purchase this asset at a discounted price.
CADJPY trade ideas
CAD JPY TRADE SET UP CAD JPY trade set up,
Trade confluences
1 Bouncing from a support level
2 Higher Highs and Higher Lows are currently forming so we are only looking for buy entry at the retest of the broken HIGH key level.
Buy idea Price is trading above 50% of 1w channel.
sentiment is currently bullish, I expect a pull back to the areas marked before price pushes on up.
CADJPY on a downward trendCADJPY in the ascending channel and could be targeting the lower channel line.
Take appropriate risk accordingly.
cadjpy long bullish ideaa 1hr ob and a clear bullish 4hr ob are in parallel so we can look for buy in case of any rejection from ob and manage a rr ratio accordingly. the trade can give 1;3 IF WINS and loose 1 ..the game of probability with edge on ourself.. ie the 4hr strong demand ob below the 1hr
CADJPY - potential 'Sell' orderCADJPY, H4 - potential 'Sell' order.
Correction waves are forming and awaiting AC line breakout.
Entry confirmation:
Price is going down further than last recent low, MACD histogram indicating sell, then we aim to enter a 'Sell' order.
TP and SL, major resistance and support zones.
No signs of divergence on higher time-frames, on the daily chart.
PS: Please do your analysis at the same time and trade accordingly.
CADJPY POICADJPY Is on a bullish direction, it broke structure to the up at 111.443 and then retraced back Fibonacci level of 0.618.
Why re-tracing the Fibonacci level of 0.618 it also broke an internal structure at 111.453 to the up, giving a stronger confirmation of a buy at 111.401, stop lost at 111.319 take profit at 111.537
CADJPY - BULLISH TREND IN 1 hr TIMEFRAMECADJPY - BULLISH TREND IN 1 hr TIMEFRAME.
Printing multiple HH and HL.
It is expected that bullish trend will continue further in near future.
cad/jpy sellas you can see price broke a strong level of support and made a retracement. wait for entry signal on lower tf. Good luck!
CADJPY Update: Buying Opportunity IdentifiedTrade Setup:
Pair: CADJPY
Entry: Buy Limit at 111.16
Initial Stop-Loss: 110.84
Risk Exposure: 32 pips
Analysis:
Earlier, we discussed the potential buying opportunity on CADJPY, and now we have our candlestick confirmation. As a risk-conscious trader, I'm waiting for a retracement before entering the market.
Trade Management:
- Buy Limit: Set at 111.16 to enter the market at a favorable price.
- Stop-Loss: Positioned at 110.84 to manage risk exposure.
- Risk Comparison: By using a Buy Limit, I'm limiting my risk to 32 pips, compared to traders entering at the current market price, who face 48 pips of risk.
Risk Management:
- Always prioritize risk management to protect capital.
- Adjust position sizes to align with risk tolerance and trading strategy.
Your Thoughts?
Are you also eyeing CADJPY for a buying opportunity? Share your insights and trading strategies in the comments below!
👍 Like if you found this update helpful! Stay tuned for more trade ideas and analysis. Trading involves risk, so be sure to conduct your own analysis before making any decisions.
CAD/JPY would be in an important breakout point in long termIn a very very long term time frame (Monthly), the JPY pairs could be in a very important breakout position and time now! and maybe really need to watch out!
The price has touched and closing to two long term channels pressure lines crossing area. If this time, it could be able to break out to North, then, it is break out two long term pressure lines and the power should be very strong.
The timing is clearly cut the chart into 4 pieces, and the price has clear turning in each time line. Now, it is in the fourth time movement period and the current direction is going to North.
So, in a long long term strategy, the JPY pairs could be going North for long time until year of 2033 and the target position is previous high around 227.
In short term, the price is showing intension to break out the pressure lines.
Further, since the predication period is too long, it is only for main direction analysis and daily trade still need to focus on shorter time frame.
CADJPY Bearish Side Heist PlanDear Pro,Legend,Noob Traders,
This is our master plan to Heist Bearish side of CAD/JPY Market. Guys U can enter at my entry area or below, Our target is Dangerous area. Day Robbers loot and escape end of the day in this market, Swing Robbers can stay with us We can escape near the Target area.
CADJPY Long TradeCADJPY is in a long term uptrend and in a short term correction. Price has just broken to the upside so I’ve entered long with a TP & SL
CADJPY POSSIBLE SELL OPPORTUNITY At the moment , Price just hit the upper resistant line of a rising channel in m15. This signals a sell opportunity.
Target is 111.359
M15 timeframe look more bearish
CAD JPY PRICE WILL BE MOVE UPWARD TILL 111.681 PRICE TAKE LONG CAD JPY PRICE will be MOVE UPWARD TILL 111.681 price take a LONG ENTRY, follow for more live updates @FOREX_TRADER_007
AUD/JPY Short, EUR/JPY Short and CAD/JPY ShortAUD/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
EUR/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
CAD/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
CAD JPY - Bearish Pattern showing in 1hr timeframe.Its showing Lower lows and Lower highs in an hourly time frame.
