CADJPYThe pair has completed a continuation pattern and has hit the overbought 70 Rsi level. Expecting a 30 pip fall.The CAD cpi released yesterday expected to give impetus to the move.
CADJPY trade ideas
CADJPY Possible Long PositionHi Traders,
Based on technical analysis, if price close above the resistance line at111.000, with RSI above 50 and candles confirming bullish move, place your buy order at around 111.010, take profit at 111.203 and stop loss at 110.940
Thanks
Happy Trading
CADJPY Possible Long I don't trade base on trend lines, it's the last confluence I used but currently we are at a major level of structure and also a trend line happening from bigger perspective in which I will be looking to go long by tomorrow.
CAJPY Gann Levels And GridJinny Gann Grid & Levels are on the Chart
Jinny Gann Grid/Horizontal Lines Works as Support / Resistance.
Important levels for the Big Cycle on the chart.
Please Make sure u need to zoom in to Present to see a good picture of Important Support/Resistance
Crosses Near the price The green trend and the Red.. Expect a Reversal at the Exact point with High Probabilities.
Every line on Chart was Drawn Based on Equations... not Manually
One Uptrend Cycle from 2020 Bottom... Should be around the 112.18
My Theories... Implemented it to Jinny GANN R
Best Regards
Trade Wisely.
CADJPY Jinny Gann FANz - LevelsNear the TOP as long as you are not Closing Weekly Above 112.18 Possible TOP
Jinny Gann Fan Levels are on the Chart possible Trendlines my WAY. Jinny Gann Fan/Horizontal Lines Works as Support / Resistance. Important levels for the Big Cycle on the chart. Trade Wisely.
cadjpy-Previous Day candle closed Bullish. If we are looking for buys we will take on until resistance formed on 16th feb 24 daily bearish candle open.
- If we are looking for sells we take on until 7th Dec 07 daily support.
- Wait for 1 hour candle to close above or below zone.
-We risk 3% of our capital. Close trades once price reverses to opposite direction and 1 hour candle closes below/above order Block.
CADJPY BUY FX:CADJPY
The CADJPY pair has recently made a significant breakthrough, surpassing a previously established range. Currently, it is revisiting the former level of resistance, which now serves as a potential support level. If the price manages to hold at this level, it could indicate a bullish trend, leading to higher highs and potentially profitable trading opportunities. Underneath this area of range liquidity formed. We'll look at this zone as a potential entry for the buy.
If the price drops below the current area, it may lead to a significant break and a subsequent decline towards the 38.2 level on the Fibonacci retracement. This level is an important support level and a potential turning point for the price action. the 38.2 level on the Fibonacci retracement. This level is an important support level and a potential turning point for the price action.
CADJPY 4 hour Bearish Divergence - Sell on Rise4 hr Chart Bearish Divergence
Looking for continuation retracement
Stop Loss Above the highs
TP1 and TP2 set based on risk taken
1:1.5 RR
CADJPY-Start of bearish reversalCADJPY is in Bullish trend. Now, bearish divergence appeared on 4hr, weekly and monthly time frames which is strong indication of bearish reversal. on Hourly timeframe, it is printing LH and LLs. Bearish Divergence has also made on MAs and histogram of MACD. Bearish rally is expected.
CAD/JPY Day Trading Analysis 📋On CAD/JPY is nice to see strong buying reaction from the price 110.900 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Volume cluster are my mainly reason for this long trade....
Happy trading
Trader Dale
CADJPY-Previous Day candle closed Bullish. If we are looking for buys we will take on until resistance formed on 9th AUg 07 daily bearish candle open.
- If we are looking for sells we take on until 7th Dec 07 daily support.
- Wait for 1 hour candle to close above or below zone.
-We risk 3% of our capital. Close trades once price reverses to opposite direction and 1 hour candle closes below/above order Block.
CADJPY - Breakout or ExhaustionCADJPY is exhibiting a loss of momentum as exhibited by a divergence on the MACD indicator.
The market is factoring in expectations prior to both currencies news releases next week so there is a high possibility of a large move if news is contra these expectations.
CAD is also making new 15 year highs against the Yen with Japan's economy unexpectantly slipping into recession so set short duration short targets in the case of pullbacks as there is a possibility of getting trapped in a bullish breakout.
CADJPY Short❤️Forex Besties❤️
INFORMATION
The cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar.
NEXT TARGET IS 110.93
Everyone success..👍👍👍
❤️FOREX BESTIES WEB - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
Further, the 'Loonie' - as the Canadian Dollar is known - is affected by oil prices because of Canada's energy exports.
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
CADJPY - SellCADJPY has 93% selling sentiments, a rising wedge reversal pattern shows this as per technical analysis.
Sell at 110.561.
Trade Plan:
Rising Wedge - Reversal
Entry: 110.561
Stop Loss: 111.646
TP: 109.491
CADJPY: Bullish Trend Continues 🇨🇦🇯🇵
CADJPY is trading in a long term bullish trend.
After an extended correction, the market resumed growth
and set a new higher high higher close on a daily, violating a key horizontal resistance.
We can expect a bullish trend continuation.
Next resistance - 112.5
❤️Please, support my work with like, thank you!❤️
CADJPY H1 | Potential bearish breakout Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 110.87, which is a breakout support level
Our take profit will be at 110.38, a pullback support.
The stop loss will be placed at 111.44, above a swing-high resistance
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CADJPY sell setup and analysisWe have a very good setup on CADJPY with lower TF confirmations. Tight Stop loss will give you 66 Risk to Reward ratio. All my analysis can be wrong so do your own research and analysis before investing.
#cadjpy
Short in CADJPYSupply zone: The CADJPY price is currently in a supply zone, indicating that there is greater selling pressure at that level and that the price is likely to go down.
Technical analysis: Technical analysis confirms the presence of a supply zone and suggests a potential depreciation of CADJPY.
Economic expectations: The Canadian economy is expected to slow down in the coming months, which could negatively affect CADJPY.
CADJPY IS PRINTING DOUBLE TOPCADJPY is printing double top on 30 mint timeframe according to my analysis it could be decline my trade plane mention in chart
