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Canadian Dollar / Japanese Yen

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CADJPY trade ideas

Why I Think CADJPY Will Continue to SellHey Rich Friends, Happy New Year! The second trade I will be taking this year will be a sell for CADJPY. Anything could happen during this NFP Week but here is what I am looking at: - The most recent candle has rejected the previous supply area - The momentum indicator is facing down - The slow line (orange) is above the fast line (blue) on the stochastic Additional confirmations to look for: - Wait for the stochastic to cross below 80 - Wait for the momentum indicator to be negative - Wait for break of structure on the downside TP will be set at 100 and 200 pips from SELL LIMIT entry! It is still NFP week so remember to check the new and only enter a trade if it makes sense to you. Peace and Profits, Cha
Short
by MoneyMantraCha
2
CADJPY FALL IS COMIN????I'm back, Finally, let's jump in. Lookin at the data provided by the economic news portal, there's a potential that Canada will continue to weaken against the Yen. This was also confirmed with the closing of the weekly CADJPY, which shows there's a rejection after the bullish rally and was supported by the strength of the Canadian economy previously. But hey, things change , and it'll always happen, as the unemployment rate is worsening in Canada while Japan's economy remains balanced .  . Entry could possibly be taken at the OTE . I use the 4 hour chart to draw the highs and lows of the weekend. If you want to take the entry, make sure to take it responsibly and manage your risk well . . . Stay Safe X.CO
by Eirxco
✨ CADJPY: ITF CURVE ANALYSIS (10H) ✨ (DOWNTREND)If my analysis is correct, we have a potential of another wonderful trade on our hands. The R:R (when position sizing correctly) will be a whopping 73:1! Details below: SLO2 @ 112.26 ⏳ SSO1 @ 111.05 ⏳ (set after SLO triggers & is green) TP1 @ 106.201 TP2 @ 101.063 TP3 @ 97.697 🔑 ITF = INTERMEDIATE TIME FRAME SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP = TAKE PROFIT Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.
Short
by oktane
CADJPY: Riding the Bullish Wave Towards New HighsHi Realistic Traders, let's delve into the technical analysis of FX:CADJPY CADJPY is currently trading above the EMA90 line, indicating a robust bullish trend . The formation of a symmetrical triangle pattern further supports this trend continuation. On March 28, 2024, the price broke out of the symmetrical triangle pattern with a bullish full-body candlestick , affirming the bullish sentiment. Subsequently, an inside bar pattern emerged, and the recent breakout above its high suggests a potential upward movement toward the first target area. A retracement to the previous resistance zone is anticipated after reaching the first target, followed by a potential push toward a new high or the second target. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
8
CADJPY The Target Is UP! BUY! My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 111.37 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 111.92 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1