SELL CADJPYAs you can notice on the chart we have our BB which the market respected as usual, and now it's heading towards our target.
You still can sell and set your TP as shown on he chart.
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CADJPY trade ideas
Intraday Trading Idea: CADJPY Key Support LevelHere’s an intraday setup on CADJPY that offers a learning opportunity by diving into the thought process behind the trade. Let’s break it down!
Current Overview:
- Key Support Level: CADJPY has shown support on the intraday timeframe, presenting a potential bounce scenario.
Trade Setup:
- Entry Price: 103.88
- Stop-Loss: Placed at 103.23 (include our stop-loss buffer to manage risk)
- Single Target: Since this is an intraday trade, we’re aiming for a single target instead of multiple target levels.
Strategy:
1. Understanding the Setup: The support level at 103.88 is holding, suggesting a potential entry point.
2. Risk Management: Stops are placed at 103.23, incorporating a buffer to protect against any quick moves below the support level.
3. Focus on Learning: This isn't a trading signal but a chance to understand my thought process behind identifying key levels, managing risk, and setting targets.
Final Thoughts:
Intraday trading requires a strong focus on quick analysis and swift decisions. Use this example to learn how I assess key levels, determine entry and exit points, and manage risk effectively.
What do you think of this approach? Are there any aspects you’d like to discuss or learn more about? Share your thoughts and strategies below!
Happy trading, everyone! 🚀
Unlocking Profits: Utilizing Probabilities for CADJPY LongsThe Canadian Dollar to Japanese Yen (CADJPY) pair is showing promising bullish potential, supported by several key fundamental factors:
Global Economic Recovery: As the world continues to rebound from recent economic challenges, risk appetite is increasing. This trend typically favors the Canadian Dollar over the safe-haven Japanese Yen.
Commodity Prices: With Canada being a major exporter of commodities, the recent surge in oil prices is likely to bolster the Canadian economy and, by extension, its currency.
Bank of Canada's Stance: The Bank of Canada's relatively hawkish monetary policy compared to the Bank of Japan's ultra-loose policy is creating a favorable interest rate differential for the Canadian Dollar.
Utilizing Probabilities for Long Positions
In this trade idea, I'm employing a probabilistic approach to enter long positions on CADJPY. By combining fundamental analysis with a probabilistic approach to chart reading, I aim to capitalize on the potential upside in CADJPY while maintaining a disciplined and systematic trading strategy.
12M:
2W:
1H:
CAD/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Previous week’s red candle means that for us the CAD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 108.419.
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Short trade
Thu 5th Sept 24
LND Session PM
1.00 pm (NY time)
Entry 106.013
Profit level 101.640 (4.12%)
Stop level 106.831 (0.77%)
RR 5.35
Forex Analysis London session
This a quick analysis and overview of the following pairs:
EURUSD, USDJPY,GBPUSD and CADJPY.
Most of the major pairs are waiting for the major economic news this week, so be careful take quick profits or loss and be consistent.
Happy Trading.
Go long CADJPYthe big trend is down but we can put some bait here.
R:R 1:1.41 not bad.
Always use Stoploss to protect your account.
CADJPY SWING TRADE Gonna sit on this one and trade the major supply and demand zones.
Price has been bouncing off the 104 support... looking to see 106, then 108... will revisit trade to see if we can run it all the way up to the money mouth :-)
CADJPY BEARISH SIGNAL!!!!!!CADJPY have bearish signal
check it before open orders
CADJPY have bearish signal
Multi-Timeframe Live TradingThis strategy follows a multi-timeframe approach, using the 4-hour (H4), 1-hour (H1), and 15-minute (M15) charts.
We start with the H4 timeframe, which gives us the overall market direction. It’s important to trade in line with this timeframe whenever possible.
If there’s no change in direction on the H4, we move to the H1 to guide our next trade decision. If both the H4 and H1 show no change, we continue to follow the H4 trend.
For the Tokyo session, we're focusing on CAD/JPY, which has shifted into a short-term uptrend, despite the H4 and H1 remaining in a downtrend.
The potential trade for the London session is GBP/USD, aiming to trade the end of a bearish wave on the 15-minute chart.
Happy Trading!
CAD_JPY POTENTIAL LONG|
✅CAD_JPY fell down sharply
But a strong support level was hit at 104.202
Thus as a rebound is already happening
A move up towards the target shall follow at 106.000
LONG🚀
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CAD-JPY Risky Long! Buy!
Hello,Traders!
CAD-JPY keeps falling down
But the pair will soon hit
A horizontal support
Of 104.210 from where
A local bullish rebound
Is to be expected
Buy!
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Check out other forecasts below too!
CAD JPY: Also Very Weak. Reversal Is Coming!
I posted the Chinese Yuan & Japanese Yen Short-Trade a little earlier.
Well the CAD JPY Daily Chart is almost a Carbon-copy of it. I would go so far as to say that this one is a tad weaker. Either should be a good Short-Trade. I will be on them both on Monday.
I need a break from trading Gold. Variety in your trading is the spice right! I love the explosive, fast moves in Gold so long as I'm on the right side.
I will work out a Stop Loss for this trade a bit later.
The CAD will turn around soon as the low prices will bring demand back into the Canadian -currency & it will very quickly come out of its oversold condition. Meanwhile, I am confident there is some further weakness in the currency before things start to get rosy again.
CADJPY swing sell 250-500 pipsFundamentally speaking the Canadian economy is very weak right now, I expect the bearish momentum to continue trade is expected to reach the target by next week, stay alert,
CADJPY Local Bearish Bias!CAD-JPY is trading in a
Local downtrend and
We are seeing a bearish
Breakout of the key
Horizontal level of 106.246
Which is now a resistance
So we are bearish biased
And we will be expecting
A further move down!
CAD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the CAD/JPY with the target of 108.361 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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CADJPY Bullishwe buy here now.. it might go more down a lil...but from here is safe cause it might jump up and we cant catch it
CADJPY BuysEntering buys just before the strong low and discount area, but full TP on sells in way down. TP is my entry for buys, stops just below the strong low.
Very good R:R tight SL using normal lot sizes strong setup
CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the CAD/JPY with the target of 103.526 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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CADJPY View!!The risk around Friday's US non-farm payrolls number is to the downside and sales of
USDJPY
and
CADJPY
are likely to be the most interesting and more rewarding trades in this scenario, according to Spectra Markets' Brent Donnelly.
"I don't think there is a major skew to FX or bond positioning going into NFP. Both USD bulls and USD bears continue to dabble tentatively, and then get rinsed. Over and over," said Donnelly, president at Spectra Markets and a veteran FX trader.
"With big picture carry momentum halted by the MXN move, and yields already softening substantially this week, the downside in CADJPY and USDJPY on a weak release are most interesting. CADJPY looks 200 points too high to me," he added.
CADJPYThis CAD/JPY long trade aims to leverage a potential rise in the Canadian Dollar against the Japanese Yen. The trade setup shows conditions supportive of a bullish move, with all critical levels for Entry, Take Profit, and Stop Loss clearly marked. This strategy is designed to capitalize on the strength of the CAD, with a focus on riding the anticipated upward trend while managing risk efficiently.
