CADJPY 1W IdeaPotential for a bearish pullback on the CADJPY pair, which could lead to a price movement towards the support level at 101.000 in the upcoming period. Shortby GOLDFXCC3
CADJPY - Bearish Double TOP 📉Hello Traders ! On Monday 11 Dec, The CADJPY Reached Strong Resistance Level (107.694 - 108.284) . The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So, I Expect a Bearish Move 📉 ----------- TARGET: 106.050🎯Shortby Hsan_BenhmedUpdated 101012
CADJPYhello everyone, so far the jpy is performing well against all pairs.. price has reach monthly resistance, the month of Dec 2023 ended with a bearish monthly bar.. however, the candle in weekly is still indecision, we can't confirm at the moment the price is bearish or bullish this week.. so we still need to wait for more confirmation.... if bar closes below 106.2 on weekly tf it's a good indication the price will continue bearish... good luck.. take caution!!!Shortby baigxy5
cadjpycadjpy has reached our point of interest and it will be going long as soon as the market opens because the price is at the BPT, balance price range aiming for those failed highs Longby BigBenCapitals115
CADJPY 4H Expectation Buy Sell levelScenario 1 Looking for BUY entries the moment price forms a bullish reversal pattern and rejects this 4H Support Scenario 2 Looking for SELL entries the moment price breaks through this 4H Support, retests it and forms a bearish confirmation pattern to indicate continuous selling pressureby chamitha451
Lingrid | CADJPY short from RANGE zoneThe market went down from the resistance after double test. FX:CADJPY bounced off the upper border of the channel. The market broke through the upward trendline and it fixed below the range zone. I am waiting for the price to go down to the support level because price has fallen before. The long tailed bar at the resistance 106.500 is going to be cinfirmation to short the market. My goal is the support level at 104.750 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby Lingrid2214
Cad/Jpy bounce backTrade Idea for CADJPY Bias: Very Bullish Overall Score: 9 Commitment of Traders (COT) Bias: 3 Institutional traders are showing a robust bullish sentiment towards CADJPY, indicating a forecast of continued upside. Retail Sentiment: 1 Retail traders appear to be bearish on CADJPY. Given the tendency for retail traders to often be on the losing side, their bearish sentiment serves as a contrarian bullish signal for us, supporting our bullish view. Seasonality: 1 Current seasonal trends favor a bullish momentum for CADJPY. Trend Reading: 2 CADJPY is on an upward trajectory, further underscoring the bullish momentum. GDP Growth: -1 A slight negative in GDP growth, but the dominant bullish indicators more than compensate for this. Inflation: 2 Inflation metrics are aligning favorably, adding to the bullish outlook. Unemployment: 0 Unemployment figures are neutral and do not sway our primary bullish perspective. Interest Rates: 1 Interest rate dynamics are pointing to CADJPY strength. Additional Factor: Increasing Oil Prices Canada's role as a major oil exporter means rising oil prices often buoy the CAD. This backdrop solidifies our bullish stance on CADJPY. Conclusion: With a mix of strong bullish indicators, particularly the COT bias, retail sentiment (considered contrarily), trend direction, and rising oil prices, CADJPY appears poised for bullish movement. LIKE and FOLLOW to stay updated for more ideas like thisLongby Elite_ForexUpdated 4
CADJPY🔥Remember that just because price gets to either a Buy or Sell level doesn't mean you trade blindly. Always look out for other supporting factors to validate your trade. The more factors there are, the higher the probability of success! Ameen!! *_#trade with caution_*,📉🧘📈 2024🔥💃Shortby GEMINIFOREXTRADE1
Still Holding our short on into the new year, so far December has been an incredible month. I will start on EUR pairs today and see what that will take us.by Waves-Fib2
Long in CADJPYI am currently in a long position on CADJPY due to a breakout of the triangle pattern. The triangle pattern is a consolidation pattern characterized by a series of lower highs and higher lows, indicating a period of price consolidation. In this case, the price has broken out to the upside, surpassing the resistance level of the triangle, suggesting an increase in demand and a potential continuation of the bullish trend. It is important to note that the breakout of the triangle pattern is supported by other technical indicators, such as increasing volume and confirmation of buy signals on oscillators. These factors reinforce my confidence in the validity of the bullish signal. As always, it is crucial to closely monitor the market's development and adjust my strategy as needed. I will be attentive to any changes in the bullish momentum, as well as potential resistance levels that could limit the pair's upward movement. It is important to remember that trading carries inherent risks, and it is essential to manage risk appropriately. Maintaining a disciplined approach, using stop-loss and take-profit orders, and having a solid risk management plan are key elements for success in trading. With that said, I am excited about the prospects of my long position on CADJPY and remain committed to closely monitoring the market to make informed decisions and maximize profit potential. Remember that trading requires a professional approach and informed decision-making. Wishing you success in your trading endeavors!Longby JuanHernandez1
CADJPY, Keep it simple.CADJPY / 1W Hello traders, welcome back to another market breakdown. CADJPY has made a large leg down, which might result in a second leg down. The price is back to a Major key Level. I'm looking for a reversal pattern here. Trade safely, Trader Leo. Shortby Leo-btm131321
CADJPY SELLCADJPY is currently descending from the lower high area of the channel on the 4-hour timeframe chart. Additionally, there's a breakout on a minor bullish channel observed in the 1-hour timeframe. 📉 Expectations: Anticipate the pair to re-test key support levels, as highlighted in the attached chart. 📊 Trading Strategy: This trade is a long-term position, combining technical analysis and candlestick patterns. Ensure sufficient margin to manage market fluctuations and implement proper risk management aligned with your account size. 🚦 Trading Rules: 1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading. 2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert. 3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity. 📣 Like and Share for More Insights! 🔄✨Shortby Pro-Trading-Africa3
cadjpybuy/sell below zones - wait for 1H candle to close. by checking previous daily candle close ,mark TPs from closest candles closeby Mbugua-KeUpdated 3
CADJPYThe market has breached below the support overlap, signaling a potential reversal towards the take-profit level. To take advantage of the increasing selling pressure, it is advisable to initiate a sell position at 106.996, aligning with the resistance overlap. Recognize the support level at 105.413 as a point for a potential pullback. Caution is advised when trading Forex with margin, as it involves significant risk and may not be suitable for all investors. Exercise prudence.Shortby HUMCRYPTOCLUB0
CADJPY H4 | Bearish breakoutThe price has broken the overlap support and is reversing to the take profit level. Sell entry is at 106.992 which is a overlap resistance level. Stop loss is at 108.174 which is a level that sits above a overlap resistance. Take profit is at 105.416 which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM3
CAD/JPY H4 | Rising to resistance levelCAD/JPY is on an uptrend and could continue rising to the multi-swing-high resistance level Entry: 106.449 Why we like it: There is a pullback support level Stop Loss: 106.201 Why we like it: There is an overlap support that aligns closely with the 61.8% Fibonacci retracement level Take Profit: 108.134 Why we like it: There is a multi-swing-high resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets0
CADJPY-BUY strartegy 4-hourlyThe pair looks to move higher again towards GANN resistance 107.90 area. The stochastic is positive turning upwards. Strategy BUY @ 106.80-107.00 and place SL below @ 106.40 and place profit order near 107.88.Longby peterbokma1
CADJPY trade ideaCAPJPY formed a double and divergence in the potential reversal zone and a bearish trend is expected from this point.Shortby sumeedshaiq0
CADJPY_1DHello. Canadian dollar to Japanese yen exchange rate analysis Completion of 5 ascending waves and the possibility of formation of head and shoulder pattern of roof and formation of corrective ABC wave Important resistance 109.109 The target of wave C is in the range of 99,000Shortby Elliottwaveofficial1
Pending Waiting for my sell stop to activate, it's on my micro account so I'm risking a large amount I can live with loosing by Waves-FibUpdated 114
Shorting CADJPY with Weekly Chart Alignment & Intricate AnalysisIf you missed the chance to capitalize on the sell limit at 110.36 aligned with the Weekly Chart's Shark Pattern on CADJPY, amounting to a 306-pip move (~3,060 USD/lot), don't dwell on the past. Now, there's a fresh opportunity presenting itself on the 1-hourly chart – a Bearish Shark Pattern gearing up to complete around 108.01. To optimize this trading chance, exercise patience and await candlestick confirmation before entering the trade. Are you eyeing this CADJPY setup? Share your thoughts below!Shortby RaynLimUpdated 112
CADJPY Analysis. Swing trade signal.Hello everyone. i want share my idea about CADJPY. We have some interesting forex pair at the chart. JPY was pretty bearish long time but what we see now we have some bullish moves at JPY index after big bearish move. for that i decide to try short most pairs versus JPY. At the pair with technique analysis we have some trend change moves, price action broke some support which is now resistance, after big fall price only had huge reaction at daily support but it didn't tested twice and with one touch which strong low came up, but price has reaction at Fibonacci 61.80 LVL, at this point it made some liquidity and if we look at lower timeframe we got some strong sellers. If we look at JPY index its look pretty bullish this index broke some resistances and with slow movement testing it where its getting rejection from buyers. For my trade i have some scenes where i am right and wrong. Scene 1 - in this scene price getting strong seller, its coming strong downside which brake daily support and test second time daily support at 104.5. Scene 2 - we don t have enough seller, for that market maker make fake brake out where it will take lot of stop orders and new sellers will drop price stronger. Scene 3 - price still going upside brake 4h resistance testing it and touch to my stop loss in this scene i am wrong. Always make your own research and manage your risk!!! Shortby elmakachoUpdated 4