CadjpyTraders,
Price did not entered in our buy zone ,means still we may have a nice sell set up from this zone.
Potential sell zone : 111.70
Stop loss 111.78
Target:110.98
Keep safe your money with sl.
Good luck
CADJPY trade ideas
Sell CADJPY Bearish Channel The CAD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Sell Entry: Consider entering a short position around the current price of 111.46, positioned close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the support levels of 111.07 and 110.82, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 111.70. This helps limit potential losses if the trend unexpectedly reverses.
Thank You.
DeGRAM | CADJPY buying opportunity from confluence levelCADJPY is approaching the support level and 88.60% fibo level, a bullish harmonic pattern.
Price pulled back to the support zone in an oversold condition that might create a divergence.
The market rebounded from the support level multiple times, showing the significance of the level.
We expect a retest of the resistance level since the trend is bullish.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
CADJPY Looking for Buyers in Double Zigzag CorrectionCADJPY cycle from 2.1.2024 low is in progress as a nesting 5 waves. Up from 2.1.2024 low, wave ((i)) ended at 111.407 and pullback in wave ((ii)) ended at 110.6. Pair resumes higher in wave ((iii)) with internal subdivision as another 5 waves. Up from wave ((ii)), wave i ended at 111.614 and wave ii pullback ended at 110.657. Pair resumes higher in wave iii towards 111.739 and dips in wave iv ended at 111.402. Final leg wave v ended at 111.8 which completed wave (i) in higher degree. Pullback in wave (ii) is now in progress with internal subdivision as a double zigzag Elliott Wave structure.
Down from wave (i), wave a ended at 111.22 and wave b ended at 111.515. Wave c lower ended at 111.17 which completed wave w. Rally in wave x ended at 111.623. Pair resumes lower in wave y with internal subdivision as a zigzag structure. Down from wave x, wave a ended at 111.172 and wave b ended at 111.389. Wave c lower is expected to end at 110.6 – 111 area where it should complete wave y of (ii) in higher degree. Near term, expect buyers to appear at the blue box area for further upside or 3 waves rally at least.
CADJPY H1 BULLISH BAT PATTERN 28/02/2024Based on the H1 chart , CADJPY is on a BULLISH trend
Completion level 110.761
CADJPYBuying into H4 uptrend on H1 retracement/pullback.
Looking for break and retest of internal structure, 20 pip SL, 50 pip target.
CAD/JPY - M30 - Buy Trend continuationHello everyone ...
if price break our entry areas then this idea will be invalid..
Use good trade management only thing important in Trading is how you manage your trade...
our signals are 95% accurate give us follow and motivate us by likes and comments...
.. good luck..
cadjpy-Previous Day candle closed Bullish. If we are looking for buys we will take on until resistance formed on 31st Dec 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 - 1H - LONG POSITION - SUPPORT & RESISTANCEIn this chart, we draw support & resistance lines and it clearly shows us it will bounce back from S1 and go upwards
so we trigger buy limit at the entry price of S1 and SL is S3 and take profit is R1
Analysis on CADJPY [ 27 February 2024]good day fellow viewer. I am new to this youtube thing so I'll just be posting my analysis on certain pairs everyday. I am not an expert or a pro, I just enjoy analysing charts. Please enjoy and also enjoy the upcoming videos. I don't provide financial advice or sell anything. All the videos will just be my personal thoughts on which direction price will go. These are not signals but you can use my videos as an idea. You are all free to share your thoughts in the comment section. Please like the videos and subscribe. Thank you.
#Forex #forextrading #cadjpy #trading #falconfx #money
CADJPY Here, I have got another juicy setup on this CADJPY, it not too late to take an entry now, entry for a buy, the buy happened around 17:00 today, if I am not mistaking.
CAD/JPY Day Trading Analysis 📋 On CAD/JPY is nice to see strong sell-off from the price 111.670, there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
CADJPY 15m 1h LongIn CADJPY chart we have several items that show us price can goes up and this is a good position for Long . all of things are clear on the chart .
I will open a position at this area and will take a good profit in upper band of channel .
CADJPYThe pair has formed a possible tripple bottom pattern and a CHoCH witnessed in the 15 minute TF. Looking forward to a 70-PIP takeout of 112.000 key level.
CADJPY with 7 pivots on trendlineCADJPY with 7 pivots on up-trendline
I suggest to buy from 111.20 - 111.40 with take profit at 113.00
stop loss 110.50
Trade safe
CADJPY Pair : CADJPY ( Canadian Dollar / Japanese Yen )
Description :
Break of Structure
Rising Wedge as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
RSI - Divergence
CADJPY Will Fall! Short!
Please, check our technical outlook for CADJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 111.409.
Taking into consideration the structure & trend analysis, I believe that the market will reach 110.837 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
CADJPY HIGH PROBABILITY CONTINUATION BUYSAs we can see that double bottom has been formed at the strong AOI with the confluence of trendline and 61.8 Fib level you can look for long trade opportunities.
Another entry can planned once it breaks and retest the another Strong AOI as marked on the chart.
Target - 112.495
Capitalizing on CAD/JPY: Seizing Selling Opportunities Amid ExteHey traders,
Let's talk about CAD/JPY and the lucrative selling opportunities it presents amidst changing external liquidity conditions.
With two significant liquidity takeouts, the market is signaling potential turbulence. It's a critical time to adapt your strategy and capitalize on selling opportunities.
Utilizing the SIBI analysis:
Strength: Evaluate the strength of CAD and JPY individually, looking at economic data and market sentiment.
Interest: Assess market interest in CAD/JPY through trading volumes and sentiment indicators.
Balance: Gauge the balance between supply and demand, watching key levels and chart patterns.
Imbalance: Identify any market imbalances that could favor selling, such as overbought conditions or divergences.
If you're eyeing a sell position, wait for confirmation signals that align with your strategy. Manage your risk diligently and stay disciplined.
Remember, trading carries risk. This analysis serves for informational purposes only. Good luck out there!
CADJPYPullback to the broken trend line is the idea of buyers to raise the price to the specified target
Cadjpy : Sell ZoneA very warm welcome to new followers,
This is my gift to you : Two side trade on this currency.
First one :
Sell at : 111.67----111.70
Stop loss : 111.86
Target :111.06......110.78
Use a good stop loss to keep safe your money.
Put your valuable comment , follow and share
Have a great trading week
Cadjpy Short Analysis Or Chart As of now, it may touch back the upper level a bit. then
It will come back after touching a resistance which you can see on this 4 hour chart.
If we talk about the weekly trend, then the weekly trend will also go down with strong formations and it includes strong candle formations.
you Can sell it from 111.75-111.85 Area and you can use Stop loss 112.55
First Target of this trade is 110.55 and for second Target you can Hold it for 109.50 Level
